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U.S. SEC probes Elon Musk’s role in Tesla self-driving claims

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© Reuters. Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, U.S. January 27, 2023. REUTERS/Jonathan Ernst

(Reuters) -The U.S. securities regulator is investigating Elon Musk’s role in shaping EV maker Tesla (NASDAQ:)’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.

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.

Separately, the acting head of the National Highway Traffic Safety Administration (NHTSA) on Jan. 9 said the regulatory agency is “working really fast” on the Tesla Autopilot investigation it opened in August 2021.

Musk is also under trial for allegedly misleading investors with his 2018 tweet saying “funding secured” for taking Tesla private.

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Jacob Keiter is a husband, a writer, a journalist, a musician, and a business owner. His journey to becoming a writer was one that was paved with challenges, but ultimately led him to find his true calling. Jacob's early years were marked by a strong desire for creative expression. He was always drawn to music, and in his youth, he played in several bands, chasing the elusive promise of fame and success. However, despite his best efforts, Jacob struggled to find the recognition he craved. It wasn't until he hit a low point in his life that Jacob discovered his love for writing. He turned to writing as a form of therapy during a particularly difficult time, and found that it not only helped him to cope with his struggles, but also allowed him to express himself in a way that he had never been able to before. Jacob's writing skills quickly caught the attention of others, and he soon found himself working as a journalist for The Sun out of Hummelstown. From there, he went on to contribute to a variety of publications, including the American Bee Journal and Referee Magazine. Jacob's writing style is reflective of traditional journalism, but he also infuses his work with a unique voice that sets him apart from others in his field. Despite his success as a writer, Jacob also owns another business, JJ Auto & Home, which specializes in cleaning. Jacob's commitment to excellence is evident in all of his endeavors, whether it be in his writing or in his business ventures. Today, Jacob is the author of two books and continues to inspire others through his writing. His journey to becoming a writer serves as a reminder that sometimes our darkest moments can lead us to our greatest achievements.

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