SEC Launches Probe Into Elon Musk's Autopilot Claims | Carscoops carscoops
Elon Musk is once again at the center of an investigation by a U.S. regulator over potentially inappropriate claims. The United States Securities and Exchange Commission is investigating the Tesla CEO’s role in shaping the company’s claims about its vehicles’ ability to drive themselves.
The new investigation is part of an ongoing probe into the automaker’s statements about the abilities of Autopilot, its advanced driving assistance system, reports , citing a source with knowledge of the case who asked not to be named because they were discussing aspects of the investigation that have not yet been disclosed.made inappropriate forward-looking statements. As the company’s CEO, his words have particular importance under SEC rules.
In emails discovered by Bloomberg, Musk wrote in 2016 that it was okay to fake the “FSD” demonstration video since “this is what the car *will* be able to do,” adding that the video was not a promise that “it can do this upon receipt.”
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