Tesla Inc. (TSLA) released its audited 2019 annual report ( ) early Thursday, and disclosed that on Dec. 4 the Securities and Exchange Commission issued a subpoena seeking information concerning "certain financial data and contracts including Tesla's regular financing arrangements." Tesla said the Department of Justice had also asked to voluntarily provide information regarding financing arrangements. Also on Dec. 4, the electric car maker said the SEC closed its investigation into the projections and other public statements regarding Model 3 production rates. In the 2018 10-K filing ( ), the SEC had issued subpoenas to Tesla in connection with Chief Executive Elon Musk's statement regarding consideration of taking Tesla private and certain projections made for Model 3 production rates. The stock fell 3.0% in premarket trading, as the company also announced earlier plans for a $2 billion stock offering ( ). The stock has more than doubled (up 122%) over the past three months through Wednesday, while the S&P 500 has gained 9.2%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
February 13, 2020 10:04 ET (15:04 GMT)
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