SEC Investigates Musk For False Self-Driving Claims

Bloomberg News reports:

US regulators are investigating Elon Musk’s role in shaping Tesla Inc.’s self-driving car claims, the latest effort by watchdogs to scrutinize the actions of the world’s second-richest person.

The review is part of an ongoing Securities and Exchange Commission probe of the company’s statements about its Autopilot driver-assistance system. He personally directed the creation of a 2016 video that may have exaggerated the technology’s capabilities.

In a behind-the-scenes glimpse into Musk’s thinking about the Autopilot video, he told Tesla staff in internal emails in 2016, “I will be telling the world that this is what the car *will* be able to do.” Musk continued, “not that it can do this upon receipt.”

Read the full article.

Elon Musk is being investigated by the SEC for his role in shaping claims about the self-driving capabilities of Tesla vehicles https://t.co/KID39LeCYF

— Bloomberg (@business) January 27, 2023