Elon Musk Faces SEC Investigation Over Tesla’s ‘Self-Driving’ Claims: Report – Heemang Parmar
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Sources told Bloomberg that the review is part of an investigation into Tesla’s statements about its Autopilot driver assistance system. The “veracity” of Musk’s messaging on the issue is particularly important under the SEC’s rules, Bloomberg noted.
SEC officials are considering whether Musk may have “inappropriately made forward-looking statements” about self-driving cars, a source told Bloomberg. It’s unclear what action the SEC could take if it reached that conclusion.
A message notes that the “person in the driver’s seat is only there for legal reasons. He is not doing anything. The car is driving itself.”
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