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Tesla said to be under criminal investigation

Sep. 18, 2018 11:52 AM ETTesla, Inc. (TSLA) StockTSLABy: Clark Schultz, SA News Editor382 Comments
  • Shares of Tesla (TSLA -3.3%) are down on reports from CNBC and Bloomberg that the company is facing a criminal probe over the statements made by CEO Elon Musk on a go-private transaction. The investigation is said to be running "alongside" the previously disclosed SEC investigation.
  • Sources say federal prosecutors opened a fraud investigation after Musk tweeted on taking Tesla private and that the deal had "funding secured" already.
  • Tesla hasn't issued a statement yet on the development.

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