Tesla facing criminal probe over "funding secured" tweet

Tesla will fix its own cars, says Musk – at least in the US

Tesla Inc (TSLA.O) said on Tuesday the U.S. Department of Justice was investigating Chief Executive Elon Musk's public statements in August that he was considering taking the electric vehicle maker private, the latest and biggest threat to Musk's leadership.

Department investigators requested documents from the company last month related to Musk's announcement and the company has complied, Tesla spokesman Dave Arnold said. Tesla's stock price rose after Musk's comments, but has since dropped again.

A British diver who helped rescue youth football players trapped in a cave in Thailand is suing Tesla chief Elon Musk.

Musk has already been sued by short-sellers such as Citron Research and is facing a probe by the U.S Securities and Exchange Commission.

Tesla's shares were sent skidding lower by the announcement but have since rebounded slightly.

Tesla said it was confident the matter would be quickly resolved with the Justice Department.

More news: Here’s How Josh Gordon Injured Hamstring, Lost Browns’ Trust

You can read every freaky thing that has happened since Elon Musk sent his "funding secured" tweet about taking Tesla private here.

Some of the delays, Musk admits, are directly due to supply chain issues at Tesla's end, and that the EV maker will concentrate on improving this as soon as Model 3 delivery logistics are ironed out. Musk followed up his initial tweet with a blog post explaining the structure he would seek to use, and in further posts, the Saudi Arabia sovreign wealth fund was touted as the primary backer.

CNN has reached out for comment to the U.S. attorney's office in San Francisco, which is leading the probe, according to the Bloomberg report. The statement went on, "We have not received a subpoena, a request for testimony, or any other formal process".

A Justice Department spokeswoman said the agency "generally does not confirm, deny or otherwise comment on the existence or non-existence of an investigation".

Elon Musk "speaks loosely", but his conduct probably doesn't rise to the criminal level. Authorities could also look into the circumstances surrounding the resignation of Tesla's Chief Accounting Officer, Dave Morton, after less than a month on the job, the person said.

Federal prosecutors reportedly opened the fraud investigation due to Elon Musk's now-infamous "funding secured" tweet last August 9, which resulted in TSLA stock soaring 11% to $387.46, according to the publication's sources.

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