The sage between Elon Musk and the SEC over his Tesla tweets might finally be coming to an end as the two parties have reached a deal to avoid holding Musk in contempt, but it will include a new oversight over his public comments. expand full story
sec Stories April 26, 2019
sec Stories October 11, 2018
Tesla, Elon Musk, and the SEC have jointly filed to seek approval of their agreed upon settlement over Musk’s comment about the attempt to take Tesla private, which the SEC saw as an infraction.
A judge needs to approve the settlement before it becomes official. expand full story
sec Stories July 14, 2016
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. expand full story
sec Stories July 11, 2016
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. expand full story