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Tesla under investigation, credit card debt returns, Buffalo Bills unveil stadium plans

Yahoo Finance's Julie Hyman breaks down leading headlines, including the SEC and DOJ investigating Tesla over its self-driving claims, credit card debt returning to pre-pandemic levels, and the Buffalo Bills revealing renderings of its new stadium.

Video Transcript

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JULIE HYMAN: Let's get down to business now and take a look at some other headlines we're watching.

The Department of Justice is reportedly launching a criminal investigation into Tesla over its past claims that its vehicles can drive themselves. The Securities and Exchange Commission launched a similar investigation. It has the authority to enforce investor protection laws. All of this according to "The Wall Street Journal."

Tesla's autopilot has been under investigation by the National Highway Traffic Safety Administration for about a year now. But these new criminal investigations represent a more serious level of scrutiny.

And credit card debt making a comeback. Card balances fell in the early months of the pandemic. They've since made a U-turn back to prepandemic levels. That's according to data from Equifax. The US total card balance hit $916 billion in September. That's nearly identical to December 2019 levels. This comes after many credit card issuers loosened standards to get people borrowing again, as the economy reopened.

And the Buffalo Bills have released renderings for their new $1.4 billion 60,000-seat stadium, almost seven months after creating the framework of a deal. The images include one look at the stadium's exterior and the interior of the open-air stadium. It's scheduled to open in 2026. It'll be across the road from the old stadium, though its development has attracted criticism due to the record $850 million in taxpayer funding.