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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 "autopilot" features to owners of its all-electric Model S sedan Thursday. Autopilot is a step toward the vision of autonomous or self-driving cars, and includes features like automatic lane changing and the ability of the Model S to parallel park for you. Photographer: David Paul Morris/Bloomberg via Getty Images 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 7 that killed a Tesla Model S owner who was using Autopilot at the time of the crash. A spokesperson… Read More

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