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takyon writes:

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.

Original Submission

1. "takyon" - https://soylentnews.org/~takyon/
2. "Tesla Is Facing U.S. Criminal Probe Over Elon Musk Statements" - https://www.bloomberg.com/news/articles/2018-09-18/tesla-is-said-to-face-u-s-criminal-probe-over-musk-statements
3. "MarketWatch" - https://www.marketwatch.com/story/tesla-stock-tanks-after-report-company-faces-criminal-probe-over-musks-tweet-2018-09-18-121035917
4. "Original Submission" - https://soylentnews.org/submit.pl?op=viewsub&subid=29081

printed from SoylentNews, Tesla Facing Criminal Probe on 2024-04-25 01:16:17