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Tesla Faces FBI Probe Over Model 3 Production Numbers (cnbc.com)
A new report from The Wall Street Journal says the FBI is reviewing Tesla's Model 3 production numbers as part of an ongoing criminal probe into whether the company misled investors. "Federal agents are reviewing Tesla's stated Model 3 numbers dating back to early 2017, the Journal reports, citing unnamed sources," CNBC reports. From the report: Tesla had previously said it provided documents to the Department of Justice regarding CEO Elon Musk's controversial take-private tweet -- a blunder that ultimately cost Tesla and Musk a combined $40 million in fraud settlement fees. Now Tesla says it also provided information to the Department of Justice regarding Musk's public statements regarding production numbers of its Model 3 sedan. Tesla says the company has not received "a subpoena, a request for testimony, or any other formal process," but the Journal reported Friday that former Tesla employees have received subpoenas and requests for testimony.
Has there ever been a company which has had to endure as much media sponsored market manipulation as Tesla?
Two days ago the news headline was:
"Tesla reports surprise profit, stock surges. Tesla reported its third-ever profit in its eight years as a public company. This exceeded average analyst expectations of losses of 15 cents per share on revenue of $6.32 billion."
Today more speculative drama chipping away at its integrity and success.
Did that "stock surge" burn someone? Did someone think "oh dear, I was wrong, I should have gotten in earlier" or are the shorties still dreaming they can topple it?