US regulators subpoenaed Tesla production data, company says

News
Tesla_Fast_Facts_36023-159532.jpg77467844

FILE- This Oct. 3, 2018, file photo shows a Tesla emblem at the Auto show in Paris. Shares of Tesla Inc. soared Tuesday, Oct. 23, a day ahead of the company’s third-quarter earnings release. (AP Photo/Christophe Ena, File)

DETROIT (AP) – U.S. securities investigators have subpoenaed information from Tesla about production forecasts for the Model 3 electric car that were made last year, the company acknowledged in a regulatory filing Friday.

The disclosure in Tesla’s quarterly financial report also says the Securities and Exchange Commission subpoena covered other public statements made about Model 3 production.

The filing also says Tesla is cooperating with a Justice Department request for information about production.

The Wall Street Journal reported last month that the FBI is doing a criminal investigation into whether Tesla misled investors by overstating Model 3 production forecasts.

Tesla Inc. says in the filing that to its knowledge, no government agency in an ongoing investigation has determined that it did anything wrong.

A company spokesman wouldn’t comment beyond the filing.

WHAT OTHERS ARE CLICKING ON: 

>>MORE STORIES

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Latest News

More News