Tesla's Response To Fatal Autopilot Crash Investigated By SEC
On May 16, Tesla informed safety regulators about the Model S crash but didn't publicly disclose the incident until June 30.By Ben Lawson | July 12, 2016
Tesla is under investigation for not telling investors about a fatal crash involving a Model S in Autopilot mode.
Tesla didn't disclose the crash publicly until June 30, but it informed safety regulators May 16. Tesla was preparing to sell off about $2 billion in stock at the time.
Now, The Wall Street Journal reports the Securities Exchange Commission is investigating if that notice should've come sooner.