Source: http://www.crazydaysandnights.net

Mr. Hedge – Hello SEC – No This Is Not A Football Blind Item

This foreign born A+ list celebrity is being investigated by the SEC and it is much more serious than he is letting on to his investors.

This is crash and burn type stuff for the shareholders in his company.

Perhaps this is why in his most recent relationship he was not willing to make the financial commitment his partner demanded.

I have a feeling they will be back together soon anyway even if she can’t get something in writing.

Elon Musk

Amber Heard

SEC Is Reportedly Investigating Tesla for Not Disclosing Autopilot Death

The Securities and Exchange Commission would like to know a little bit more about what Tesla Motors and Elon Musk knew about a fatal Tesla crash in early May.

On Monday, the Wall Street Journal reported that SEC officials are looking into whether Tesla (tsla, +0.33%) and Musk violated securities laws when the car company and its CEO sold $2 billion worth of shares in mid-May without disclosing the fact that a driver had been killed while reportedly using the car manufacturer’s autopilot feature. It’s not confirmed that the autopilot function feature is to blame, but regulators are looking into the cause of the crash. If autopilot is to blame, then the driver Joshua Brown, will be the first known fatality connected to the semi-autonomous function, which Tesla has marketed heavily since rolling out last fall.

The crash happened 11 days before the offering, and the car company alerted regulators about the crash on May 10. But said nothing to its investors, who didn’t find out until highway authorities went public with their investigation a little over a week ago, six weeks after the offering.

Fortune was the first to write about Tesla and Musk’s potential securities law violation last week. Musk said that he and his company hadn’t broke any securities laws because he said the fatal crash was not “material” to the company’s business. He called Fortune‘s article, “BS.” – Source


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