Tesla says the SEC has investigated the company’s claims about Model 3 production (TSLA)

Rashid Umar Abbasi / Reuters

Tesla said in a regulatory filing published on Friday that the Securities and Exchange Commission (SEC) has subpoenaed the automaker about remarks it created in 2017 about the creation of this Model 3 sedan.
“The SEC has issued subpoenas to Tesla in connection with (a) Mr. Musk’s prior statement that he was considering taking Tesla private and (b) certain projections that we made for Model 3 production rates during 2017 and other public statements relating to Model 3 production,” Tesla said in the filing. 
“Aside from the settlement with the SEC relating to Mr. Musk’s statement that he was considering taking Tesla private, there have not been any developments in these matters that we deem to be material, and to our knowledge no government agency in any ongoing investigation has concluded that any wrongdoing occurred,” the automaker added.

Tesla said in a regulatory filing published on Friday that the Securities and Exchange Commission (SEC) has subpoenaed the automaker about remarks it created in 2017 about the creation of this Model 3 sedan. See the rest of the story at Business Insider

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