Saturday, 21 January 2017

Tesla is now investigated for failing to report the fatal accident to its investors

Tesla is now investigated for failing to report the fatal accident to its investors

It seems that the problems Tesla continue and is not that going to end soon, this after last June 30 was the first death confirmed aboard a Tesla Model S that had enabled mode known as ' autopilot ', to this was followed by another accident last July 6 where again the use of 'autopilot' is reported, but here fortunately not show a tragedy.

Now the Wall Street Journal is reporting that Tesla is being investigated by the Securities and Exchange Commission (SEC), this possible violation of securities law by failing to inform investors of the fatal accident that took place on 7 Of May, and which was made public until June 30.

Four US regulatory bodies Investigate Tesla
This alleged infringement arises after some investors in the company say they were misled about the risks associated with the business, specifically with the issue of autopilot, because when Tesla made this technology public, was presented as a preview of "self Driving ", and now after the accident has changed the speech towards a" driver assistance system ".

Another point of which he is accusing Tesla is by failing to inform investors of the fatal accident, since the vast majority of them learned until the company went public on June 30, which would impact on a low The shares of the company and its public value, affecting investors by not giving them room to maneuver since they could not anticipate the crisis that is going through the company at the moment.

So far there is confirmation that the National Transportation Safety Board, the National Highway Traffic Safety Administration and the Florida Highway Patrol has open investigations to determine the responsibility of Tesla in accidents autopilot, this will be added the violation of the law Securities by the SEC at which Tesla says it has not yet received notice.

As if this were not enough, the family of Joshua Brown, conductor who died in the Model S, has already hired the services of a famous law firm who prepare the demand for product liability, which should be ready in the coming days, So Tesla will be busy in court for the remainder of this year.

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