Tesla is under investigation by the Justice Department over public statements made by the company and chief executive officer Elon Musk, according to two people familiar with the matter.
Tesla CEO Elon Musk said Tuesday that he wants the company to go private, which immediately stirred an intense reaction on social media and caused the stock to spike.
Electric car maker Tesla Inc. burned through $739.5 million in cash last quarter, paving the way to a company record $717.5 million net loss as it cranked out more electric cars.
Tesla is speeding up the production rate on its most affordable electric vehicle, hitting CEO Elon Musk's goal for the final week of the second quarter even as questions linger about the company's ability to hit that pace consistently.
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