- 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.