Tesla shares hit by criminal probe report

Tesla shares have fallen after a report that the electric car-maker and its boss Elon Musk face a criminal probe.

Bloomberg reported that the US Justice Department has opened a fraud inquiry triggered by Mr Musk’s tweets about de-listing the company

Mr Musk said he had “funding secured” to de-list the company, but later dropped the plan.

The firm’s shares fell more than 4% after the report, which cited confidential sources.

Tesla was already facing a civil investigation from financial regulators at the Securities and Exchange Commission due to the claims.

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BBC News – Business

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