Tesla's Nightmare Month Just Keeps Getting Worse

Tesla Motors is reportedly facing yet another federal probe as the fallout widens over a fatal crash involving its semi-autonomous driving feature.

The U.S. Securities and Exchange Commission opened an investigation into the electric automaker over its failure to notify investors about the deadly May 7 crash , in which a Model S sedan set to “Autopilot” slammed into a tractor-trailer rig, killing the driver. Tesla disclosed the crash publicly about two months later.

CNBC broke news of the investigation on Twitter, citing a report from the Dow Jones newswire. 

“Tesla has not received any communication from the SEC regarding this issue,” a company spokesperson told The Huffington Post by email on Monday. 

A spokesman for the SEC declined to comment. 

The probe comes a week after Fortune magazine raised questions about whether Tesla had violated SEC rules by selling more than $2 billion of stock without disclosing the accident to investors. CEO Elon Musk aggressively hit back against the story, claiming the death was not “material” to Tesla’s stock price. In a blog post , he pointed to the fact that shares of the company surged the day after Tesla announced the crash and the National Highway Traffic Safety Administration investigation that came with it.

“To put things baldly, Tesla and Musk did not disclose the very material fact that a man had died while using an auto-pilot technology that Tesla had marketed vigorously as safe and important to its customers,” Carol J. Loomis, a former senior editor-at-large who spent 60 years at the venerable financial glossy, wrote in a story published last Tuesday morning.

It’s far from Tesla’s only problem. Four days after Tesla announced regulators’ investigation into the May 7 crash, news broke of yet another crash, possibly involving Autopilot. No one died, but it sent the company scrambling to determine whether the semi-autonomous driving feature was in use.

That’s not all. Earlier this month, Tesla reported that it missed its delivery target a key metric investors look at to gauge the cash-hungry company’s success  for the second quarter of 2016. The company made an offer  last month to buy solar energy firm SolarCity in a bid to transform the Model S maker into the world’s first vertically integrated green energy giant. Wall Street, having recently soured on solar’s biggest players thanks to a high-profile bankruptcy and a slowdown in panel leasing, hated  the deal and sent Tesla’s stock price plunging.

Tesla stock, which had been up nearly 4 percent on Monday, fell nearly 2 percent in after-hours trading on news of the SEC investigation.