BREAKING NEWS

BREAKING NEWS

Tesla says gets subpoena from SEC on Model 3 production estimates

Tesla says gets subpoena from SEC on Model 3 production estimates
A row of new Tesla Model 3 electric vehicles is seen at a parking lot in Richmond, California, U.S. June 22, 2018. Picture taken June 22, 2018. REUTERS/Stephen Lam -
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STEPHEN LAM(Reuters)
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(Reuters) - Tesla Inc said on Friday it received a subpoena from the U.S. Securities and Exchange Commission regarding certain projections that the electric car maker made for Model 3 production rates during 2017 and other public statements relating to Model 3 production.

"Should the government decide to pursue an enforcement action, there exists the possibility of a material adverse impact on our business, results of operation, prospects, cash flows, and financial position, the company said in a filing. (https://bit.ly/2QfRCLK)

(Reporting by Vibhuti Sharma in Bengaluru; Editing by Bernard Orr)

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