Tesla Inc. (TSLA) is facing a criminal investigation into whether the company misinterpreted information about the production of its Model 3 limousines and misled investors about its business until early 2017, the Wall Street Journal cited on persons who are familiar with it.
The investigation is being conducted by Federal Bureau of Investigation Agents, led by the US law firm in San Francisco, the Journal reported. The criminal investigation has intensified in recent weeks after the Securities and Exchange Commission settled several civil claims with Tesla and chief executive officer Elon Musk, the Journal said.
Tesla said on September 1
The Journal cited a statement from Tesla that it had received "a voluntary request for documents from the Ministry of Justice about its public leadership for the Model 3 Ramp" earlier this year and was "cooperative to respond"  The Ministry of Justice and the SEC have refused to comment on the history of the journal.
The SEC is not involved in investigating production issues at Tesla, the magazine said.
The SEC ruling on a statement by Musk via his Twitter account on August 7 that he had "secured funding" to take Tesla privately. The SEC claimed that Musk's tweet was "false and misleading."
As part of the settlement, Musk and the company agreed to pay a total of $ 40 million in punishment and remove Musk from his role as Chief Executive Officer
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