FBI investigates whether Tesla cheated investors with model 3



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By EFE

According to the Wall Street Journal (WSJ), the FBI is investigating whether automaker Tesla has misled its investors by formulating false expectations about the production of Model 3 and other parts of its business . 19659003] According to the New York newspaper, FBI (Federal Bureau of Investigation) agents contacted former company employees to question them and ask for possible testimony in a criminal case.

The investigation is conducted by the federal prosecutor. San Francisco and have intensified after Tesla recently reached an agreement with the US Securities and Exchange Commission (SEC) to avoid a fraud case.

This agreement included the exit. from the company of its controversial founder Elon Musk, whose messages about a possible departure of Tesla from the stock market have triggered the action of the regulator. The SEC reported that a series of messages that Musk had posted on Twitter on Aug. 7 on its intention to pull the company off the market was a fraudulent act that had temporarily inflated stock values.

In this new case, According to the Journal, the investigation of US authorities focuses on the information provided by Tesla on the production of the most affordable vehicle of the brand, model 3.

The company has presented the model 3 in early 2016 and introduced it in 2017. meet an ambitious production plan in order to manufacture 5,000 vehicles a week for this year. However, the company was struggling to meet these expectations and failed several times, which earned Musk many critics.

According to the WSJ, the authorities are investigating whether Tesla announced these production projections, knowing that it was impossible to comply with them. In response to the information, the company said Friday that it had only received a request for Justice Department documents on Model 3 and responded to it. The company also claimed that it was "transparent" from the start on the difficulties involved in producing the car and added that the achievement of targets was taking longer than expected because of unforeseen problems.

This week, Tesla, which has never closed a year with profits, announced it had earned $ 311.5 million in the third quarter of the year, compared to $ 619.3 million lost in the third quarter. during the same period in 2017.

The company's shares quickly rebounded and ended the session on Wall Street with an increase of more than 5%.

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