The U.S. Securities and Exchange Commission is investigating Tesla Motors for a possible securities law breach after the electric car maker failed to disclose a fatal crash in May, the Wall Street Journal reported, citing a person familiar with the matter.
The SEC is scrutinizing whether Tesla should have disclosed the accident as a “material” event, or a development a reasonable investor would consider important, the WSJ said.
Read More: In Another Tesla Crash, ‘Driver’ Blames Autopilot
“Tesla has not received any communication from the SEC regarding this issue. Our blog post last week provided the relevant information about this issue,” a Tesla spokeswoman said in an email.
The fatal accident killed 40-year-old Joshua Brown, who was driving a Tesla Model S car in autopilot mode.
