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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

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    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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