SEC wraps investigation into Model 3 production numbers, Tesla says

Illustration by Alex Castro / The Verge

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. But another new investigation may be taking its place.

Tesla says in the filing that the SEC closed the probe on December 4th, 2019. The company also says that, on the same day, the SEC “issued a subpoena seeking information concerning certain financial data and contracts including Tesla’s regular financing arrangements.” 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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