(DETROIT) — Tesla Inc. has turned over documents to the U.S. Justice Department after statements by CEO Elon Musk about taking the company private, the electric car maker confirmed Tuesday. The Palo Alto, California, company cooperated with the request and believes the matter should be resolved quickly once federal prosecutors review information they have received, according to a company statement. News of a potential criminal investigation pushed Tesla stock down 5 percent in morning trading Tuesday, but the decline subsided a bit by early afternoon to 3.4 percent, at $284.89. “We have not received a subpoena, a request for testimony, or any other formal process,” Tesla’s statement said. Bloomberg News reported Tuesday morning that the Justice Department is running a criminal probe parallel to an investigation by the Securities and Exchange Commission.

BING NEWS:
  • He’s A Neighborhood Guy
    MUSIC The Rock & Roll Hall of Fame's Fan Vote  came to an end Monday night with the Dave Matthews Band  being the top vote-getter with ...
    04/16/2024 - 3:43 am | View Link
  • Tesla supplier Piedmont Lithium gets key North Carolina mining permit
    North Carolina regulators have approved a state mining permit for Tesla supplier Piedmont Lithium to develop one of the largest U.S. sources of the key electric vehicle battery metal, although key ...
    04/15/2024 - 8:44 am | View Link
  • Tesla’s Value Is Crashing Like a … Well, Like a Tesla
    hoarding classified documents at Mar-a-Lago, and more—as the failures of another pillar of government. “I’m very uncomfortable with the weaponized justice system,” Vance told the outlet.
    04/15/2024 - 6:17 am | View Link
  • Canada's spy agency accused of negligence and defamation in $5.5M lawsuit
    An RCMP sergeant and a former Vancouver detective have filed a lawsuit that accuses Canada's spy agency of wrongly linking them to an ex-Mountie who is charged with being an agent for China.
    04/11/2024 - 11:08 pm | View Link
  • Highlights of the day: ED moves court for NBW against AAP MLA Amanatullah Khan
    The Enforcement Directorate has moved the court for the issuance of NBW against AAP MLA Amanatullah Khan. An application has been moved to the Rouse Avenue court by the ED. The Counsel for ED sought ...
    04/9/2024 - 4:18 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News