Reports : FBI to investigate criminal probe in Tesla Model 3 productions | TechGraph

Reports : FBI to investigate criminal probe in Tesla Model 3 productions

According to a Wall Street Journal report, “FBI is reviewing a Tesla’s Model 3 production numbers as apart of an ongoing criminal probe into whether the company misled investors or not.”

Quoting to the Sources familiar with this matter, WSJ reported that “The FBI agents are reviewing on the declared number of Tesla Model 3 that dates back to early in 2017.”

It is interesting to know that, Tesla earlier said that “That company has handed over the documents to the Department of Justice regarding the Elon Musk’s controversial tweet which cost company and Elon combined a $40 million in fraud settlement fee.

But now, Tesla has mentioned, “It has provided enough information to the Department of Justice regarding the Elon Musk’s public statements regarding the numbers of Tesla Model 3 sedan too.”

Quoting to the report published on Wall Street Journal, which said that “The former employee have received subpoenas and requests for testimony,” Tesla said that “The company has not received a subpoena, a request for testimony, or any other formal process.”

“When we started the Model 3 production ramp, we were transparent about how difficult it would be, openly explaining that we would only be able to go as fast as our least lucky or least successful supplier and that we were entering ‘production hell,” Tesla said.

Tesla added “Ultimately, given difficulties that we did not foresee in this first-of-its-kind production ramp, it took us six months longer than we expected to meet our 5,000 unit per week guidance. Tesla’s philosophy has always been to set truthful targets – not sandbagged targets that we would definitely exceed and not unrealistic targets that we could never meet.”

Tesla’s statement in response to the Wall Street Journal’s report:

Earlier this year, Tesla received a voluntary request for documents from the Department of Justice about its public guidance for the Model 3 ramp and we were cooperative in responding to it. We have not received a subpoena, a request for testimony, or any other formal process, and there have been no additional document requests about this from the Department of Justice for months.

When we started the Model 3 production ramp, we were transparent about how difficult it would be, openly explaining that we would only be able to go as fast as our least lucky or least successful supplier, and that we were entering ‘production hell.’ Ultimately, given difficulties that we did not foresee in this first-of-its-kind production ramp, it took us six months longer than we expected to meet our 5,000 unit per week guidance. Tesla’s philosophy has always been to set truthful targets – not sandbagged targets that we would definitely exceed and not unrealistic targets that we could never meet. While Tesla gets criticized when it is delayed in reaching a goal, it should not be forgotten that Tesla has achieved many goals that were doubted by most. We are enormously proud of the efforts of the whole company in making it through this difficult ramp and getting us to volume production.