The National Highway Traffic Safety Administration (NHTSA) revealed on Thursday that it has initiated an investigation into Tesla (NASDAQ:TSLA) over potential delays in reporting crashes involving the company’s semi-autonomous or self-driving vehicles.
According to the agency, several incident reports submitted by Tesla were filed months after the crashes took place, raising concerns that the automaker may have failed to comply with NHTSA rules, which require such reports to be submitted within one to five days of the company learning of a crash.
NHTSA described the review as an “audit query”, intended to determine the reasons behind the delayed reporting, assess how widespread the issue is, and evaluate the corrective measures Tesla has put in place.
The investigation will focus on why these delays occurred and whether they represent a broader issue within Tesla’s crash reporting process.
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.