July 11, 2016

Tesla under investigation for possible breach of securities law, WSJ reports

A member of the media test drives a Tesla Motors Inc. Model S car equipped with Autopilot in Palo Alto, California, U.S., on Wednesday, Oct. 14, 2015. Tesla Motors Inc. will begin rolling out the first version of its highly anticipated  Tesla is under investigation by the U.S. Securities and Exchange Commission, the Wall Street Journal reported, for a possible securities law breach. What's at issue is whether the electric vehicle company should have notified shareholders immediately following a fatal accident on May 7th that killed a Tesla Model S owner who was using Autopilot at the time of the crash. A spokesperson… Read More

Source: TechCrunch