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.
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