This paper deals with regularity properties of the infinitesimal form of the Kobayashi pseudo-distance. This form is shown to be upper semicontinuous in the parameters of a deformation of a complex manifold. The method of proof involves the use of a parametrized version of the Newlander-Nirenberg Theorem together with a theorem of Royden on extending regular mappings from polydiscs into complex manifolds. Various consequences and improvements of this result are discussed; for example, if the manifold is compact hyperbolic the infinitesimal Kobayashi metric is continuous on the union of the holomorphic tangent bundles of the fibers of the deformation. This result leads to the fact that the coarse moduli space of a compact hyperbolic manifold is Hausdorff. Finally, the infinitesimal form is studied for a class of algebraic manifolds which contains algebraic manifolds of general type. It is shown that the form is continuous on the tangent bundle of a manifold in this class. Many members of this class are not hyperbolic.