![]() ![]() On August 16, 2021, media outlets reported that the National Highway Traffic Safety Administration ("NHTSA") had opened a formal investigation into Tesla's Autopilot system after a series of collisions with parked emergency vehicles. ![]() ![]() Since then, the Company has touted refinements and enhancements to support the ADAS and Autopilot features, including so-called "Full Self-Driving" ("FSD") software, which purportedly enables Tesla vehicles to drive autonomously to a destination entered in the car's navigation system.ĭuring the class period, defendants failed to disclose that: (i) they had significantly overstated the efficacy, viability, and safety of the Company's Autopilot and FSD technologies (ii) contrary to their representations, Tesla's Autopilot and FSD technologies created a serious risk of accident and injury and (iii) this subjected Tesla to an increased risk of regulatory and governmental scrutiny and enforcement action, as well as reputational harm. (TSLA) Misstated the Efficacy, Viability, and Safety of the Company's Autopilot and FSD TechnologiesĪccording to the complaint, in 2014, Tesla announced Tesla Autopilot, a suite of purportedly advanced driver-assistance system ("ADAS") features including automated lane-centering traffic-aware cruise control, lane changes, semi-autonomous navigation, and self-parking. ![]()
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