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Tesla under investigation by SEC after fatal crash involving autopilot, report says

Discussion in 'Market News' started by Lily, Jul 11, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    The SEC is scrutinizing whether Tesla should have disclosed the self-driving car crash in a formal regulatory filing, according to the Wall Street Journal

    The US Securities and Exchange Commission is investigating whether Tesla failed to disclose to investors a lethal crash involving its autopilot technology.

    According to the Wall Street Journal, the SEC is scrutinizing whether the incident was “material” information that Tesla should have disclosed in a formal regulatory filing, though one source reportedly said the investigation may not lead to any kind of enforcement by the agency.

    Related: Tesla driver dies in first fatal crash while using autopilot mode

    Related: Elon Musk Twitter rant a 'case study' in how not to handle a crisis, experts say

    @alansmurray Yes, it was material to you -- BS article increased your advertising revenue. Just wasn't material to TSLA, as shown by market.

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