Tesla subpoenaed by SEC over Model 3 production forecasts

Teslasaid Friday in a regulatory filing that the U.S. Securities and Exchange Commission and Department of Justice are investigating projections made last year about Model 3 production rates. The SEC has issued subpoenas for information related to Model 3 production estimates. The DOJ, which is running a separate investigation over Model 3 production targets, has stopped short of taking that action.
The information contained in Tesla’s 10Q filing backs up an October 26 article by The Wall