California regulators aim to revoke Tesla’s ability to sell cars in the state over the company’s marketing of its ‘Full Self-Driving’ technology via /r/wallstreetbets #stocks #wallstreetbets #investing


California regulators aim to revoke Tesla’s ability to sell cars in the state over the company’s marketing of its ‘Full Self-Driving’ technology

Regulators with the California Department of Motor Vehicles are targeting Tesla's license to sell cars in the state after accusing the company of deceptive business practices over its marketing of what it calls its "Full Self-Driving Capability."

Tesla's marketing claims the cars function with "autopilot" or "Full Self-Driving" capabilities — for a $12,000 pricetag — suggested that the vehicles operate autonomously, according to the complaints filed July 28.

"The undersigned prays that the Departrnent of Motor Vehicles take such action against the license of the Respondent as is warranted by the facts of this case," the complaint, signed by regulator Ailene Short, the chief of the industry services branch of the DMV's occupational licensing division, read. >>

https://www.businessinsider.com/california-regulators-revoke-tesla-dealer-license-over-deceptive-practices-2022-8?utm_source=feedly&utm_medium=webfeeds

Submitted August 06, 2022 at 06:55PM by nicelogin
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