FBI investigates Tesla for misleading investors



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New York, United States – Tesla Inc. is facing a new legal issue as Federal Bureau of Investigation (FBI) agents are investigating whether the company has submitted misinformation about the production of its Model 3 sedan and misled investors on the issue. company in early 2017, the newspaper reported. The Wall Street Journal, citing people familiar with the subject.

Without identifying the sources, the newspaper indicates that the investigation is being led by the US Department of Justice's office in San Francisco, which has intensified in recent weeks.

Tesla did not immediately respond to requests for comments from the publication, while the Justice Department and the SEC declined to comment.

After the report, Tesla shares erased almost all of its initial gains and grew 0.6%.

On Oct. 16, Bloomberg announced that a judge had approved an agreement between Elon Musk and the SEC regarding $ 40 million tweets regarding a plan to remove the company from the stock market.

Tesla revealed on September 18 that it had received a "voluntary request" for documents from the Ministry of Justice, ten days before the company and Musk reached an agreement with the SEC on civil suits in the case of tweets.

The publication indicated that it had never been reported before that the Justice Department was focusing on the production problems of Tesla's Model 3 which dates back to early last year and that the investigations Criminal securities fraud laws intensify.

In recent weeks, FBI agents have contacted former Tesla employees to ask them to testify. The newspaper said that in February 2017, after the fourth quarter of 2016, Tesla had revealed an aggressive production plan for Model 3, which provided 5,000 vehicles per week for the fourth quarter.

Tesla has finished producing 2,700 units for all of 2017 and 793 units in the last week of 2017.

The FBI is now comparing the company's statements with its production capacity in 2017.

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