Tesla says the SEC has investigated the company's claims about Model 3 production
Tesla said in a regulatory filing released on Friday that the Securities and Exchange Commission has subpoenaed the automaker about comments CEO Elon Musk made in 2017 about the production of the 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.
"... 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.
This is a developing story. Check back for updates.