Tesla Inc. (TSLA) faces a criminal investigation as to whether the company suspected information about the production of its 3-sedans…
Tesla Inc. (TSLA) faces a criminal investigation as to whether the company suspected information about the production of its 3-sedans and mislead investors about its business back to the beginning of 2017, the Wall Street Journal reported, referring to people who are familiar with the matter.
The investigation is conducted by the Federal Bureau of Investigation Agents under the auspices of the United States law firm in San Francisco, reported the journal. The criminal probe has been intensified in recent weeks after the Securities and Exchange Commission made separate civil fees with Tesla and Executive Director Elon Musk, the newspaper reported the people to say.
Tesla said on September 1
8 that it had received a “voluntary request” for documents from the Justice Department less than two weeks before the company and Musk concluded a resolution with the SEC of civil charges in a separate case of controversial tweets from Musk.
The journal quoted a statement from Tesla that it “had received a voluntary request for documents from the Ministry of Justice about its public guidance for the” ramp 3 model “earlier this year and was” cooperating to respond to it “.  The Justice Department and the SEC refused to comment on the history of the journal.
SEC is not involved in the investigation of production problems at Tesla, the journal reported people familiar with the issue.
The SEC settlement related to a statement from Musk through his Twitter account on August 7 that he had “funding secured” to take Tesla privately. The SEC claimed that the tweet of Musk was “false and misleading.”
During the conciliation, Musk and the company agreed to pay a total of $ 40 million in fine and to remove Musk from its role as chairman of the board without
Tesla shares increased 5.1% to $ 330.90 on Friday.
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