There is no peace for Tesla in relations with regulatory bodies. After the different investigations opened by the NHTSA due to numerous accidents involving an electric car of the US brand with the automated driving system Autopilot inserted, the SEC has also decided to open a new one, which has targeted the solar panels used for photovoltaic systems and roofs: According to the indictment, the company headed by Elon Musk has not been sufficiently transparent for years with its shareholders and customers about the fire risks associated with alleged defects in these panels.
This is the first investigation that the SEC has opened into this issue. Everything starts from one complaint filed in December 2019 by Steven Henkes, former Tesla quality manager: the man, after being fired last year, had decided to sue the company led by Elon Musk claiming to be victim of retaliation for raising the issue. Not only that: according to what Il Sole 24 Ore reported today on newsstands, Henkes also added that Tesla and SolarCity, acquired in 2016, would not have admitted that the fires could be caused by faulty electrical connectors. “The stock in the first hours of trading fell by more than 6%, around $ 950, therefore below the threshold of one thousand, for a trillion capitalization, exceeded on 25 October – reads the newspaper – Then it showed resilience by finding the positive territory and the trillion market cap ”.
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