SEC Drops Investigation Into Tesla Model 3 Production Numbers

Electric car maker Tesla’ Stock is presently trading above $777, after briefly dropping about 4% in early morning trading. This price reversal was fueled by several things:

  1. Tesla To Raise $2 Billion Through Stock Offering
  2. SEC drops investigation into Model 3 production numbers, according to Tesla

SEC vs TESLA Model 3 Production Number

The Securities and Exchange Commission has closed its investigation into whether Tesla misled investors with its Model 3 production goals dating back to 2017, according to a new regulatory filing.

Tesla says in the filing that the SEC closed the probe on December 4th, 2019. The government’s financial regulator opened the probe into Model 3 production numbers sometime in the middle of 2018. The SEC declined to comment.

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