Tesla In Hot Water With SEC Over Failure To Disclose Autopilot Fatal Crash

The Securities and Exchange Commission is probing Tesla Motors Inc. for a possible breach of securities law stemming from the company’s decision not to inform investors of a May 7 fatal crash involving an Autopilot automated driving system, according to a newspaper report.

The Wall Street Journal reported the SEC probe Monday, citing a person familiar with the matter.

The SEC is scrutinizing whether Tesla should have disclosed the accident as a "material" event, or a development a reasonable investor would consider important, the paper said.

An SEC spokeswoman declined to comment.

Read Article

mre30 - 7/12/2016 10:59:31 AM

+2 Boost

Which governmental body will bring Tesla to its knees first? SEC or NHTSA?

Both are serious speed bumps (dead-end's?) on Tesla's horizon.

Agent009 - 7/12/2016 11:59:13 AM

+1 Boost

Don't forget the NTSB too