The Securities and Exchange Commission is investigating Tesla after it failed to disclose the fatal crash of a Model S cruising on Autopilot immediately to investors, the Wall Street Journal reports. Tesla sold $2 billion worth of stock in the days following the crash, and has argued that the crash was not material to the financial wellbeing of the company.
Feds Investigating Tesla Over Failure To Disclose Autopilot Crash To Investors: Report
Gizmodo - 11 Jul 2016 22:54
The Securities and Exchange Commission is investigating Tesla after it failed to disclose the fatal crash of a Model S cruising on Autopilot immediately to investors, the Wall Street Journal reports. Tesla sold $2 billion worth of stock in the days following the crash, and has argued that the crash was not material to the financial wellbeing of the company.
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