SEC Probes Tesla Over Financing Arrangements -- Update
Source: Dow Jones News
By Dave Sebastian
Tesla Inc. is facing fresh regulatory scrutiny over its financing arrangements and accounting practices, as it looks to raise more than $2 billion from a stock sale to help accelerate its ambitious vehicle production plans.
The electric-car maker said Thursday the Securities and Exchange Commission issued it a subpoena in December seeking information regarding certain financial data and contracts on Tesla's regular financing arrangements.