Tesla stock declines after report of criminal probe

Image: Elon Musk
Tesla Motors CEO Elon Musk talks about the Model 3 during its 2016 unveiling. (Credit: Tesla)

Tesla shares fell by as much as 6.5 percent today after Bloomberg News reported that the electric-car company was the subject of a criminal investigation by the Justice Department, focusing on CEO Elon Musk’s claims that he had secured the funding to take Tesla private.

The “funding secured” comment, posted on Twitter on Aug. 7, has also sparked increased scrutiny for civil action by the Securities and Exchange Commission.

Get the full story on GeekWire.

By Alan Boyle

Mastermind of Cosmic Log, contributor to GeekWire and Universe Today, author of "The Case for Pluto: How a Little Planet Made a Big Difference," past president of the Council for the Advancement of Science Writing.

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