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posted by martyb on Wednesday September 19 2018, @03:09AM   Printer-friendly
from the Probe-able-cause? dept.

Tesla Is Facing U.S. Criminal Probe Over Elon Musk Statements

Tesla Inc. is under investigation by the Justice Department over public statements made by the company and Chief Executive Officer Elon Musk, according to two people familiar with the matter. The criminal probe is running alongside a previously reported civil inquiry by securities regulators.

Federal prosecutors opened a fraud investigation after Musk tweeted last month that he was contemplating taking Tesla private and had "funding secured" for the deal, said the people, who were granted anonymity to discuss a confidential criminal probe. The tweet initially sent the company's shares higher.

[...] The criminal inquiry is in its early stages, one of the people familiar with the matter said. Justice Department probes, like the civil inquiries undertaken by the SEC, can take months. They sometimes end with prosecutors deciding against bringing any charges.

Also at MarketWatch.


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  • (Score: 0) by Anonymous Coward on Wednesday September 19 2018, @05:52AM (2 children)

    by Anonymous Coward on Wednesday September 19 2018, @05:52AM (#736921)

    If they do go out of business, do I get all my karma points back that I lost years ago predicting that they would?

    I'm not anti tesla (or ev), it's that I've studied the market for 40 years and own an electric car.

  • (Score: 1, Touché) by Anonymous Coward on Wednesday September 19 2018, @02:52PM

    by Anonymous Coward on Wednesday September 19 2018, @02:52PM (#737053)

    No you just get to be a douche by gloating over a lot of people loosing their jobs.

  • (Score: 2) by bob_super on Wednesday September 19 2018, @09:37PM

    by bob_super (1357) on Wednesday September 19 2018, @09:37PM (#737242)

    They will not go out of business. Too many assets worth buying.
    The primary question is who would buy them if it came to that.