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Tesla confirms federal probe over Musk tweets, sending shares lower

September 19, 2018

Via: ABC News

Tesla shares tumbled on Tuesday amid reports of a potential criminal probe over its chief executive officer’s statements about taking the company private.

The electric carmaker said it agreed to hand over documents to the Department of Justice in connection with CEO Elon Musk’s tweets about taking the publicly traded company private last month, according to a company statement.

Tesla said it was cooperating with the government, but noted that it had not received a subpoena, a request for testimony or any other formal process.

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