‘Tis the season to determine who’s been naughty or nice. I’ll give you the facts, then you decide.
This holiday story is about an SEC investigation that ended in May 2017. It was wrapped in plain, brown paper and just found under our tree, opened by Probes Reporter (‘Independent Investment Research Focused on Public Company Interaction with the SEC’) and Dealbreaker.
The three major players in this holiday tale are Tesla Inc. (Nasdaq: TSLA), Goldman Sachs Group Inc. (NYSE: GS), and the SEC itself.
What makes this a holiday story is that it’s about gifting. Who gifted what to whom, how much, and, most importantly, why.
You decide who’s naughty: Goldman Sachs, Tesla, the SEC, or all of the above?
Here are the unwrapped details…
What Tesla Knew vs. What Tesla Did
The story starts back on May 7, 2016. That’s when a Tesla Model S electric car in partial, self-driving autopilot mode plowed into the side of a truck on a divided highway in Florida, killing the driver of the Tesla.
Tesla brass found out about the crash that day but didn’t alert regulators until May 16, nine days later.
This post was published at Wall Street Examiner on December 22, 2017.