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Home / Business / Telsa is to put the DOJ probe into the production of model 3

Telsa is to put the DOJ probe into the production of model 3



The electronics manufacturer said in a statement Friday that he had followed a "voluntary request for documents" from the Ministry of Justice regarding Tesla's "public guidance" on the production of Model 3.

Tesla made the statement after a Wall Street Journal report indicated the FBI was checking to see if Tesla (TSLA) had deceived investors about the production of its Model 3 sedan, with a series of delays and others Had problems that the startup wanted to bring the car to market.

Agents check if Tesla has misinformed "Production Information" and investors are misled about their ability to meet production targets from 2017, the Journal report says.

Tesla said in the Friday statement that investigators arrived at the company earlier this year and provided the requested documents. "We have not received a subpoena, a request for testimony, or any other formal procedure, and there are no additional document inquiries from the Department of Justice," the statement said.

The Journal reported that FBI agents have subpoenaed former Tesla employees. And lately, agents have been looking for interviews with some of them.

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

The investigation is different from torture at the Securities and Exchange Commission. Tesla and CEO Elon Musk received a total of $ 40 million in fines to settle SEC claims that Musk had tempted investors with tweets intended to take the company privately.
Development took place two days after the company achieved a quarterly record profit and the third gain since the IPO in 201
0. Investors hailed the report and the company's stock rose about 10% on Thursday night during afternoon business. [19659003] Some analysts also said the positive earnings report indicated that Tesla has been turning around since he faced a series of bottlenecks and suspensions as he raised the production of the Model 3.

Musk promised in the summer of 2017 that the company would [sein] 5,000 cars a week by the end of last year. That did not happen. Meanwhile, the company was attracted to investors, and the Tesla share was fluctuating sharply amid a series of other scandals.

The company stated in its statement Friday that it was "transparent how difficult" the production of Model 3 was, "he declared openly, saying that we would only be able to go as fast as our worst or worst supplier and that we entered the "production hell."

"While Tesla is being criticized when it comes too late in achieving a goal, this should not be the case. Remember that Tesla has achieved many goals most were doubted, "the company said.

Tesla finally reached its production target for Model 3 in June of this year, about six months later.


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