HomeNewsTechnologyU.S. SEC probes Elon Musk's role in Tesla self-driving claims: Report

U.S. SEC probes Elon Musk's role in Tesla self-driving claims: Report

SEC officials are considering whether Musk may have inappropriately made forward-looking statements, the report said, without specifying which specific statements or activities by Musk attracted the regulator's attention.

January 28, 2023 / 08:41 IST
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The 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.

The review is part of an ongoing Securities and Exchange Commission (SEC) probe of the company's statements about its Autopilot driver-assistance system, the report added.

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SEC officials are considering whether Musk may have inappropriately made forward-looking statements, the report said, without specifying which specific statements or activities by Musk attracted the regulator's attention.

Tesla Chief Executive Musk did not immediately respond to a Reuters request for comment, while the SEC declined to comment.