Tesla and its CEO Elon Musk disclosed in a regulatory filing Friday that the Securities and Exchange commission has subpoenaed Tesla about Musk’s many projections for Model 3 production, signaling that the investigation — which first came to light in August — is ramping up.
It’s the third open investigation to intensify in recent weeks. Last week, The Wall Street Journal reported that Federal Bureau of Investigation’s probe for any potential criminal activity surrounding Model 3 production goals has amplified. And Tesla confirmed in Friday’s filing that, in a separate Department of Justice investigation into Musk’s abandoned attempt to take the company private, the company has been asked “to voluntarily provide [the DOJ] with...
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