The Wall Street Journal: SEC Investigating Tesla for Possible Securities-Law Breach

I will let the attorneys decide whether or not an autopilot crash is material information to be given to shareholders prior to selling them stock. What I found really interesting is this quote:

“included nearly 2.8 million shares sold by Tesla Chief Executive Elon Musk. Tesla has said Mr. Musk’s sale was triggered by tax requirements. ”

This sure sounds like a case of hot potato. The CEO sells half a billion dollars worth of his portion of his own company’s stock less than a month after a fatal, and undisclosed to the public, crash. A sale allegedly “triggered by tax requirements.” Something smells fishy here. I wonder who will be left holding a worthless potato or gourmet fish? Okay, that analogy didn’t make much sense, but you get the point: buyer beware, of Tesla stock and the cars themselves.

SEC Investigating Tesla for Possible Securities-Law Breach
The Wall Street Journal

The SEC is investigating whether Tesla Motors breached securities laws by failing to disclose a fatal crash in May involving an electric car that was driving itself. Read the full story

Shared from Apple News

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