The U.S. Securities and Exchange Commission is investigating claims made by Tesla CEO Elon Musk regarding the company's autopilot vehicle feature.
The review by the SEC is looking into whether or not Musk wrongly made forward-looking statements regarding Tesla's self-driving vehicle system, according to an unidentified person with knowledge on the situation. Musk has discussed the possibility of Tesla vehicles having a self-driving feature since at least 2016, a possibility that still is not a reality, according to Bloomberg.It is not clear what specific statements made by Musk about the autopilot feature the SEC is investigating.
A 2016 video directed by Musk showcased the possibilities of Tesla's self-driving feature. In a behind-the-scenes look at the video, Musk told Tesla staff in internal emails that he would be"telling the world that this is what the car *will* be able to do,” and “not that it can do this upon receipt.”The SEC's investigation of Tesla's autopilot feature is one of several inquiries Tesla is facing, as the U.S.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. SEC probes Elon Musk's role in Tesla self-driving claims - Bloomberg NewsThe U.S. securities regulator is investigating Elon Musk's role in shaping EV maker Tesla's self-driving claims, Bloomberg News reported on Friday, citing a person with knowledge of the matter.
Read more »
Elon Musk Under SEC Probe Over Tesla Self-Driving ClaimsThe investigation comes after allegations that Elon Musk supervised a promotional video in 2016 which falsely claimed “the car is driving itself” with no disclaimer that the Tesla was actually coded to take that route, and unable to drive autonomously.
Read more »
Elon Musk reportedly investigated by the SEC — againInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
SEC Launches Probe Into Elon Musk's Autopilot Claims | CarscoopsThe SEC is looking at whether Musk made inappropriate forward-looking statements about Tesla's ADAS system
Read more »
Elon Musk is reportedly being investigated by the SEC — again - AutoblogThe SEC is probing Elon Musk's role in Tesla's marketing of its self-driving software, according to a recent report from Bloomberg.
Read more »