Why the Act of Tesla Confirming a Criminal Probe is So Meaningful

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This week Bloomberg broke a story titled, Tesla Faces U.S. Criminal Probe Over Musk Statements. Following Bloomberg’s report of the investigation,  Tesla confirmed it has been contacted by the Justice Department with the following per this statement released to an unknown number of reporters –

“Last month, following Elon’s announcement that he was considering taking the company private, Tesla received a voluntary request for documents from the DOJ and has been cooperative in responding to it.  We have not received a subpoena, a request for testimony, or any other formal process. We respect the DOJ’s desire to get information about this and believe that the matter should be quickly resolved as they review the information they have received.”

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