Tesla shares fall after U.S. regulators launch formal investigation into Autopilot system

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Tesla shares fall after U.S. regulators launch formal investigation into Autopilot system
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Federal vehicle safety regulators have launched a formal investigation into Tesla following a series of fatal crashes.

"Most incidents took place after dark and the crash scenes encountered included scene control measures such as first responder vehicle lights, flares, an illuminated arrow board, and road cones," the document reads. "The involved subject vehicles were all confirmed to have been engaged in either Autopilot or Traffic Aware Cruise Control during the approach to the crashes."

When engaged, Tesla's Autopilot system allows drivers to maintain speed and lane centering but does not make the vehicle safe to operate without a driver behind the wheel. Drivers are still responsible for identifying roadway obstacles and maneuvers from nearby vehicles.

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