DOJ probe Into Tesla Will Plague The Company For Months

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Former Department of Justice lawyers tell Business Insider, the inquiry into Tesla will likely require the company's attention for months, if not years.

Tesla is reportedly facing a criminal investigation by the DOJ into public comments made about taking the company private. The Securities and Exchange Commission is also reportedly investigating those comments.

Tesla said on Tuesday that it had received and cooperated with a voluntary request for documents from the DOJ. But had not received a subpoena.

The DOJ and SEC's inquiries were reportedly motivated by tweets CEO Elon Musk published in August. The tweets claimed that he had "funding secured" to convert Tesla into a private company and needed only shareholder approval to finalize a deal.
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