Elon Musk is being investigated by the SEC for Tesla self-driving claims

Share via:

Tesla CEO Elon Musk is being investigated by the Securities and Exchange Commission (SEC) for specific comments and efforts to promote the automaker’s claims about its “self-driving” capabilities. The SEC’s investigation into Musk is part of the SEC’s larger effort to determine whether Tesla violated its rules in promoting its FSD and Autopilot offerings.

The SEC does not typically comment on ongoing investigations before formally filing suit, and has not done so in this case. Recent revelations, however, may explain why Musk is on their radar when it comes to Tesla’s “self-driving” technology: Last week, testimony from a senior engineer on Tesla’s Autopilot software team revealed that a video released by the company in 2016 purporting to show a Tesla vehicle driving itself was in fact staged. According to subsequent Bloomberg reporting, Musk oversaw and directed the video.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Elon Musk is being investigated by the SEC for Tesla self-driving claims

Tesla CEO Elon Musk is being investigated by the Securities and Exchange Commission (SEC) for specific comments and efforts to promote the automaker’s claims about its “self-driving” capabilities. The SEC’s investigation into Musk is part of the SEC’s larger effort to determine whether Tesla violated its rules in promoting its FSD and Autopilot offerings.

The SEC does not typically comment on ongoing investigations before formally filing suit, and has not done so in this case. Recent revelations, however, may explain why Musk is on their radar when it comes to Tesla’s “self-driving” technology: Last week, testimony from a senior engineer on Tesla’s Autopilot software team revealed that a video released by the company in 2016 purporting to show a Tesla vehicle driving itself was in fact staged. According to subsequent Bloomberg reporting, Musk oversaw and directed the video.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at [email protected]

More like this

This Week in AI: Addressing racism in AI image...

Keeping up with an industry as fast-moving as AI is...

Miranda Bogen is creating solutions to help govern AI

To give AI-focused women academics and others their...

Byju’s founder, ousted by shareholders, says rumors of his...

Byju Raveendran, the founder of eponymous edtech group...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!