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The SEC Is Intensifying Its Probe of Tesla
- Agency was said to be looking at firm before takeover tweets
- Review adds to pressure on Musk over company statements
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The U.S. Securities and Exchange Commission is intensifying its scrutiny of Tesla Inc.’s public statements in the wake of Elon Musk’s provocative tweet Tuesday about taking the electric-car company private, according to two people familiar with the matter.
SEC enforcement attorneys in the San Francisco office were already gathering general information about Tesla’s public pronouncements on manufacturing goals and sales targets, according to the people who asked not to be named because the review is private.