Telsa would be confronted with an investigation by the Ministry of Justice concerning the production of model 3



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The electric car manufacturer said Friday in a statement that it had complied with a "voluntary request for documents" from the Ministry of Justice regarding Tesla's "public instructions" regarding the production of the Model 3.

Tesla made this statement after a Wall Street Journal report said the FBI was seeking out whether Tesla (TSLA) was misleading investors about the production of its Model 3 sedan , which has suffered a series of delays and other problems that the startup was trying to create. the car on the market.

Agents are investigating whether Tesla "would have provided misinformation on production" and misled investors starting in 2017 on its ability to meet its manufacturing targets, the newspaper said.

The investigators came to the company earlier this year and the company provided the requested documents. "We have not received any subpoenas, requests for testimony, or other official proceedings, and the Ministry of Justice has not requested additional documentation on this subject for months," the statement said.

The Journal reported that FBI agents issued subpoenas to some former Tesla employees. And recently, agents have asked to be interviewed by some of them.

The Department of Justice did not respond to CNN Business's request for comment.

The investigation is separate from a trial with the Securities and Exchange Commission. Tesla and its CEO, Elon Musk, have been fined a combined $ 40 million to settle SEC charges that Musk allegedly cheated investors with tweets, saying he was considering privatizing the company.
This move comes two days after the company posted a record quarterly profit and its third profit since its IPO in 2010. Investors applauded the report, and the company's shares surged by about 10% during exchanges after regular business hours Thursday evening. [19659003] Some badysts also said that the report on positive results indicated that Tesla had taken a decisive turn as it was facing a series of bottlenecks and bottlenecks during acceleration of the production of the model 3.

Musk's been committed in the summer of 2017 to that the company manufacturing 5,000 cars a week by the end of the year. Last year. That has not happened In the meantime, the company has had to deal with a grill of investors and the Tesla stock has seen dramatic fluctuations in the midst of a series of other scandals.

The company said in its statement Friday that it was "transparent about the difficulty" of producing the 3 "model, openly explaining that we could not go as fast as our least-lucky or least-performing supplier, and that we are entering "the hell of production." "

" While Tesla is criticized when he is slow in reaching his goal, he should not Let us not forget that Tesla has achieved many dubious goals " said the company.

Tesla finally achieved its model 3 production target in June of this year, six months late.

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