U.S. SEC investigates Elon Musk's role in Tesla self-driving claims
Elon Musk is under the U.S. securities regulator’s investigation role in shaping EV maker Tesla's self-driving claims, citing a person with knowledge of the matter.
Elon Musk is under the U.S. securities regulator's investigation role in shaping EV maker Tesla's self-driving claims, citing a person with knowledge of the matter.
The evaluation is part of an ongoing Securities and Exchange Commission (SEC) probe of the company's statements about its Autopilot driver-assistance system, the report added.
The SEC officials are considering whether Musk may have inappropriately made forward-looking statements, the report said, without specifying which specific statements or activities by Musk attracted the regulator's attention.
Musk did not at once respond to the news agency Reuters request for comment, while the SEC refused to comment.
In another event, the acting head of the National Highway Traffic Safety Administration (NHTSA) on Jan. 9 said the regulatory agency is "working really fast" on the Tesla Autopilot investigation it opened in August 2021.
Musk is also facing trial for misleading investors with his 2018 tweet saying "funding secured" for taking Tesla private.