Tesla Faces a New S.E.C. Investigation


Tesla received a subpoena in December from the Securities and Exchange Commission asking the electric-car maker to turn over information about its financial data and contracts, the company said in a filing with the agency on Thursday.

In the filing, Tesla also said that the S.E.C. had closed a separate investigation into projections and statements the company made in 2017 about production rates of its Model 3 sedan.

It said the scope covered by the December subpoena included “Tesla’s regular financing arrangements.”

The S.E.C. had previously investigated statements from Elon Musk, Tesla’s chief executive, about plans to take the company private. That investigation ended in 2018 with Tesla and Mr. Musk each paying a $20 million fine and Mr. Musk stepping down as chairman for three years.



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