U.S. Stock Market Regulator Under Investigation Elon MuskRole of in shaping Tesla Inc.‘s self-driving car claim is the latest effort by the watchdog to scrutinize the behavior of the world’s second-richest person.
The review is part of an ongoing Securities and Exchange Commission investigation into the company’s statements about its Autopilot driver assistance system, according to a person familiar with the matter, who asked to remain anonymous to discuss aspects of the investigation that have not been made public. is..
As CEO of Tesla, the veracity of Musk’s comments is especially important under Tesla’s rules. The SEC declined to comment. Musk and his attorney Alex Spiro did not respond to requests for comment.
Musk is already at odds with the SEC on several fronts.but the regulator autopilot The review touches directly on the business priorities Musk has identified as important to Tesla’s future.
SEC officials are considering whether Musk may have made inappropriate forward-looking statements, the person said. Investigations by the agency’s enforcement branches may not always lead to results, but may lead to lawsuits, fines, or other civil penalties against companies and executives.