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 ru…
Source: techcrunch.com
Tesla Inc. (NASDAQ: TSLA) received subpoenas from U.S. Securities and Exchange Commission (SEC) in connection over forecasts about Model 3 production in 2017. These subpoenas were dircted at a set of targets the electric vehicle company failed to hit on time, and CEO Elon Musk’s prior statement that he was considering taking Tesla private. Tesla (NASDAQ:TSLA) trades at a market capitalization of $59.5 billion and a price-to-book multiple of 15.1x.
