Telsa reportedly facing DOJ



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The electric carmaker said in a statement Friday that it has a "voluntary request for documents" from the Department of Justice about Tesla's "public guidance" about Model 3 production.

Tesla made the statement after a Wall Street Journal report said the FBI is looking into the Tesla (TSLA) misled investors about its model 3 sedan, which has suffered a string of delays and other issues. market.

Agents are probing whether Tesla "misstated information about production" and misled investors starting in 2017, the Journal report says.

Tesla said in Friday's statement that investigators came to the company earlier this year. "We have not received a subpoena, a request for testimony, or any other formal process, and there have been no additional documents in the Department of Justice," the statement said.

The Journal reported that FBI agents have issued subpoenas to some Tesla employees. And recently, agents have sought interviews with some of them.

The DOJ did not respond to CNN Business's request for comment.

The investigation is separate from the Securities and Exchange Commission. Tesla and CEO Elon Musk were saddled with a $ 40 million worth of fines to settle SEC's claims that Musk defrauded investors with tweets saying it planned to take over the private company.
The development comes two days after the company posted a quarterly profit and its third profit since going public in 2010. Investors cheered the report, and the company's stock upside down 10% during after-hours trading Thursday evening.

Some analysts also said that the positive earnings report has been reported to have been produced by the industry as a whole.

Musk pledged in the summer of 2017 that the company would be churning out 5,000 cars per week by the end of last year. That did not happen. Meanwhile, the company has faced a series of scandals.

The company said in its statement Friday that it was "transparent about how difficult" Model 3 production would be, "openly explaining that we would only be able to get lucky as a least successful production hell. '"

"While Tesla gets criticized when it is delayed in reaching a goal, it should not be forgotten that Tesla has achieved many goals that have been doubted by most," the company said.

Tesla finally hit its Model 3 production in June of this year, about six months late.

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