Tesla subpoenaed by SEC over Model 3 production forecasts
Saturday - 03/11/2018 01:59
This latest filing provides further confirmation and clarifies the extent of the investigations. It’s also the first time Tesla has said that the SEC has issued subpoenas to the company for information about the Model 3 production.
Tesla said Friday in a regulatory filing that the U.S. Securities and Exchange Commission and Department of Justice are investigating projections made last year about Model 3 production rates. The SEC has issued subpoenas for information related to Model 3 production estimates. The DOJ, which is running a separate investigation over Model 3 production targets, has stopped short of taking that action. ...