The U.S. Securities and Exchange Commission (SEC) is reportedly investigating Tesla Motors, after the American electric carmaker failed to notify investors of a fatal accident that occurred in May while the driver was allegedly using the car’s Autopilot semi-autonomous technology, The Wall Street Journal reports.

The SEC is investigating the fact that Tesla Motors did not disclose the May 7 fatal accident to investors (or the public) until the end of June. The crash, which occurred in Florida, is believed to be the first fatal incident involving Tesla’s semi-autonomous technology.
As The Wall Street Journal reports, “the SEC is scrutinizing whether Tesla should have disclosed the accident as a ‘material’ event, or a development a reasonable investor would consider important, according to a person familiar with the matter.” Tesla CEO Elon Musk called the fatal accident “not material” to shareholders, defending the automaker’s decision not to publicize the fatal accident until June 30th. Notably, Tesla and Musk sold more than $2 billion in Tesla Motors stock at $215 a share in a public offering on May 18?eleven days after the crash that killed Tesla driver Joshua Brown, and 43 days before Tesla and the National Highway Traffic Safety Administration announced that the fatal crash was being investigated.
The inquiry is in a very early stage, an unnamed source tells The Wall Street Journal, and may not lead to any enforce...