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Aptera suddenly pauses Accelerator program at request of SEC, only two days left to invest

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Nearly six months into its Accelerator crowdfunding program, solar EV startup Aptera is putting a pause on new investments while it files requested paperwork with the Securities and Exchange Commission (SEC). As a result, many of the loyal believers that make up the Aptera community and have helped get the company this far will no longer be able to invest unless they meet certain criteria.

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Tesla (TSLA) SEC investigation: what could happen if there’s a securities law violation

Tesla (TSLA) montreal

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Tesla is reportedly being investigated by the Securities and Exchange Commission (SEC) over a potential securities law breach regarding the disclosure of the fatal Model S crash in Florida while the driver was using the Autopilot. The investigation is believed to be aiming to determine if the news of the fatal crash was a material information during the $2.3 billion secondary offering announced on May 18, just a week after Tesla learned of the crash.

The company confirmed the accident on June 30, when the U.S. National Highway Traffic Safety Administration (NHTSA) announced that it will probe the Autopilot system over the accident.

Former SEC chairman Harvey Pitt commented on the situation earlier this week and gave some insights into what the SEC could be looking to investigate and what could be the consequences for Tesla.
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Tesla (TSLA) is being investigated by the SEC over fatal Autopilot accident disclosure

Tesla (TSLA) montreal

tesla montreal

The Wall Street Journal reported today after market close that the Securities and Exchange Commission (SEC) is in the early stage of investigating Tesla (TSLA) over a potential securities law breach regarding the disclosure of the fatal Model S crash in Florida while the driver was using the Autopilot.
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