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- Sep 28, 2016
Yesterday, we reported on a strange article in which Fortune Magazine tried to make the case that Tesla should have disclosed the fatal Model S accident on Autopilot before raising capital through a secondary offering a few weeks after the fact. The publication claims that the accident was material to Tesla’s stock and therefore, it should have been announced when the company learned of the event and not when NHTSA decided it would launch a preliminary evaluation on June 30.
Elon Musk argued against it being material to Tesla’s valuation in an email to Fortune, but now the publication is somehow trying to use a boilerplate statement from Tesla to prove that Musk and the company previously considered the accident a material event, which is not necessarily the case. more…
Filed under: Cars, Tesla Tagged: crash, Elon Musk, fortune, Tesla, tesla accident, Tesla Autopilot, tesla autopilot crash