Oct 27, 2018 - Energy & Environment

FBI investigating whether Tesla misstated production numbers

Tesla Model 3 electric car. Photo: Smith Collection/Gado/Getty Images.

As Tesla and CEO Elon Musk wrapped up a settlement with the Securities and Exchange Commission, the FBI deepened an investigation into whether Tesla misstated information about the production of its Model 3 sedans and if the company deceived investors back in 2017, The Wall Street Journal reports.

The big picture: The FBI requested "documents from the Department of Justice about its public guidance for the Model 3 ramp," per Tesla. In February 2017, Tesla had an aggressive production plan for the Model 3 to make 5,000 vehicles a week in the fourth quarter of that year. The FBI will compare the company’s statements with its production capability from 2017.

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Rep. Alexandria Ocasio-Cortez during an April a press conference in Queens, New York City. Photo: Scott Heins/Getty Images)

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Why it matters: Her involvement is a strategic decision to energize young progressives without tying former Vice President Joe Biden too closely or directly with her agenda.

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Illustration: Annelise Capossela/Axios

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An arrest today in Minsk. Photo: Natalia Fedosenko/TASS via Getty

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