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I told you this may happen and so did @Eclectic a securities lawyer. My personal experience has been to always be overly inclusive w/r/t disclosing a material fact in these filings. I hope they cut Tesla a break.
Have you read the WSJ story? It includes the response from Tesla that they haven't received the communication so no gun jumping in this story as far as I can tell.Tesla (TSLA) is being investigated by the SEC over fatal Autopilot accident disclosure
“Tesla has not received any communication from the SEC regarding this issue. Our blog post last week provided the relevant information about this issue.”
WSJ looks like it jumped the gun with this story...
Have you read the WSJ story? It includes the response from Tesla that they haven't received the communication so no gun jumping in this story as far as I can tell.
Oh okay I apologize.I read the article 45 mins ago about when it was published. Don't recall that statement being in the original article. (The article notes it was edited at 5:43 est, so about 10-15 mins ago.)
I got another one for you all........
Another TESLA MX goes off the road... AP use claimed.....
Another Tesla veers off road, crashes into guardrail in Montana
The first amendment doesn't protect against libel.
Tesla has now stated they've heard nothing about this, which means there's no truth to it. Tesla would be the first to know if it was being investigated.
Tesla: Have not received any communication from SEC
...I doubt the WSJ would put themselves in that position.
Not even close to true. The SEC doesn't inform a target when it first starts to look into a potential prosecution. Once the SEC gets far enough along to have a sense that it is on the road to prosecution, it sends the target what is known as a "Wells Notice".
Even if an issuer gets a Wells Notice, prosecution is not guaranteed, but it is likely. I've had client receive Wells Notices who chose to not disclose the receipt of the notice, and the SEC decided to not prosecute, so the investigation was never known to the public.
In truth, Tesla will probably be the last to know it is being investigated...