Tesla Is Facing U.S. Criminal Probe Over Elon Musk Statements

A lesson to kids out there; Don’t start tweeting while one is on “Ambien.” It could end badly.

Musk is America’s most likable big time crony capitalist and so has political friends. But this could hurt.

(From Bloomberg)

The criminal probe is running alongside a previously reported civil inquiry by securities regulators.

Federal prosecutors opened a fraud investigation after Musk tweeted last month that he was contemplating taking Tesla private and had “funding secured” for the deal, said the people, who were granted anonymity to discuss a confidential criminal probe.

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