Tesla says it hasn't been informed of SEC probe
DETROIT - Electric car maker Tesla Motors (TSLA) says it hasn't been informed of a government investigation into its disclosure of a fatal crash.
The Wall Street Journal reports that the U.S. Securities and Exchange Commission is investigating whether Tesla should have informed investors after a Model S operating in Tesla's semi-autonomous autopilot mode was involved in a fatal crash on May 7. The car failed to see a tractor trailer passing in front of it.
A Tesla spokesperson said Monday that the company has not received any communication from the SEC.
In a blog post last week, Tesla said its Autopilot system has been safely used in more than 100 million miles of driving, and the crash wasn't materially significant to investors. Tesla informed the government about the crash on May 16.