DOJ launches investigation into Tesla, Elon Musk’s tweets

DOJ launches investigation into Tesla, Elon Musk’s tweets

6 years ago
Anonymous $oIHRkISgaL

https://techcrunch.com/2018/09/18/doj-launches-investigation-into-tesla-elon-musk-tweets/

Tesla’s stock is down 5 percent this morning after news emerged the U.S. Department of Justice had launched a criminal investigation into CEO Elon Musk’s Aug. 7 tweets about taking the company private. The criminal probe is in addition to the previously reported Securities and Exchange Commission investigation into the electric car company.

“Last month, following Elon’s announcement that he was considering taking the company private, Tesla received a voluntary request for documents from the DOJ and has been cooperative in responding to it,” a Tesla spokesperson said in a statement provided to TechCrunch. “We have not received a subpoena, a request for testimony, or any other formal process. We respect the DOJ’s desire to get information about this and believe that the matter should be quickly resolved as they review the information they have received.”