Bloomberg has learned from informed sources that the U.S. Securities and Exchange Commission (SEC) is now reviewing statements by Tesla CEO Elon Musk about the capabilities of the Autopilot driver assistance system as part of an investigation into the legal compliance of the car company’s actions in promoting systems Tesla FSD (Full Self-Driving) and Autopilot.
Specifically, the SEC is investigating Elon Musk’s role in shaping Tesla’s claims about the capabilities of its self-driving cars. About what kind of statements Musk attracted the attention of the regulator, it is not reported. Due to the fact that Elon Musk is the head of Tesla, the veracity of his statements is of particular importance, according to the SEC.
The SEC declined to comment on this. And Musk and his lawyer, Alex Spiro, did not respond to Bloomberg’s request for comment on the source’s report.
SEC officials are evaluating whether Musk may have made inappropriate forward-looking statements, a source told Bloomberg. As a result of the SEC investigation, the company and its management may be sued or fined.
Tesla has previously been investigated for the safety of its automated driving systems. In addition, the US Department of Justice was investigating whether users were being misled by the company’s public statements about the autopilot system. The US National Highway Traffic Safety Administration is currently investigating two crashes in the Autopilot system.
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