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JohnSamuel

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JohnSamuel

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Friday, 10/26/2018 2:23:24 PM

Friday, October 26, 2018 2:23:24 PM

Post# of 87934
The FBI is reviewing Tesla's Model 3 production numbers as part of a criminal probe: WSJ
Sara Salinas | @saracsalinas
Published 15 Mins Ago Updated 3 Mins Ago
CNBC.com

Tesla is facing an FBI criminal probe over allegedly misstating the company's production numbers and misleading investors, according to a Wall Street Journal report published Friday.

Federal agents are reviewing Tesla's stated Model 3 numbers dating back to early 2017, the Journal reports, citing unnamed sources.

Shares of Tesla took a significant leg lower immediately following the report, paring earlier losses to trade roughly 1.5 percent up on the day.

Representatives for the company did not immediately return a request for comment from CNBC.

This story is developing. Please check back for updates.

Sara Salinas
News Associate

... JMHO

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