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Is Tesla under investigation from the SEC? *UPDATE

UPDATE: Tesla spokesperson LIz Jarvis-Shean told AutoblogGreen that "We don't comment on rumor and speculation." Let's call this one unsubstantiated at best. Probes Reporter is a site that tries to figure out what's going on behind the scenes by filing a number of Freedom of Information Act (FOIA) with the Security Exchange Commission (SEC). Based on the responses it gets, it guesses whether or not the SEC is investigating companies. Earlier today, Probes Reporter issued a Tweet that says: "Tesla Motors May Have an Undisclosed SEC Probe - Added to Watch List." Probe Reporter says that it got a letter from the SEC in early October that cited the "law enforcement exemption" of the FOIA in order to deny PR access to the records it was asking for. PR says that this acknowledges "some sort of investigative activity." Probe Reporter also says that about two-thirds of these sorts of exemptions "are confirmed on appeal," so the company's history with this strategy indicates there is a real chance the electric automaker is indeed facing some sort of investigation. Again, we don't know anything for certain. For now, Tesla hasn't made any official statement on the matter (we've asked, and will update this if we hear anything) and the stock market doesn't seem to care. TSLA was up 1.62 percent today, to $246.72, in part because analysts say this is just a rumor at the moment, according to ValueWalk.

White House responds to Tesla petition, declines to act

If you've been holding your breath whilst waiting for the White House to respond to the We The People petition asking that Tesla be allowed to sell direct to consumers in all 50 states, you can finally exhale and simultaneously sigh – it has, at last, issued a statement about its intention to not get directly involved in the issue. Penned by the President's energy and climate change adviser Dan Utech, the official response makes it clear that the administration is in favor of leaving the regulation of vehicle sales in the same capable state-level hands it has traditionally been in. This means Tesla, and any other automaker that wishes to avoid selling vehicles through third-party dealerships, will have to continue to fight for that privilege on a state-by-state basis. The California electric vehicle company has recently had some success in its battle to continue selling through its own "dealerships." The Pennsylvania five-store compromise has just been signed into law and it recently reached a similar agreement with New York, while New Jersey legislation is also moving along. For those disappointed by the refusal of the White House to act specifically on this matter, Utech points out that the government is making progress in areas related to decreasing CO2 and increasing fuel mileage. He points out that "new vehicle fuel economy has increased by 12 percent since 2008" and a number of other steps and initiatives. While nice, it's still cold comfort to those who would just like to see an end to the virtual monopoly independent auto dealers have on vehicle sales. News Source: The White HouseImage Credit: Joe Raedle/Getty Government/Legal Green Tesla Tesla store

NHTSA denies Tesla asked for Model S fire probe

The Tesla Model S is being investigated by the National Highway Traffic Safety Administration after three of the models caught fire; two of the electric cars impacted debris on the road, and one was involved in a single-car accident. This much we know for sure. Just exactly how the investigation came to be, though, is up for debate.
According to Tesla CEO Elon Musk, the California-based automaker requested that the government safety agency open the investigation, saying in a blog post, "We have requested that the National Highway Traffic Safety Administration conduct a full investigation as soon as possible into the fire incidents. While we think it is highly unlikely, if something is discovered that would result in a material improvement in occupant fire safety, we will immediately apply that change to new cars and offer it as a free retrofit to all existing cars."
Not so fast, counters NHTSA head David Strickland. Speaking to The Detroit News, Strickland had this to say: "Investigations are independent... We have never ... actually had an automaker ask for a formal investigation, but it causes a couple of implications: If a manufacturer asks me or asks the agency for a formal investigation, you've already made a determination that you may have a defect that imposes an unreasonable risk to safety. ... I don't think that would ever happen."