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Tesla Tanks on Reports of Justice Department’s Criminal Probe

John Parker
Tesla Tanks on Reports of Justice Department’s Criminal Probe

Last week, Tesla was the top gainer among auto stocks with 12.1% gains. However, the stock turned negative today and erased most of these gains after a Bloomberg report suggested that TSLA is “under investigation by the Justice Department over public statements made by the company and Chief Executive Officer Elon Musk.” The report cited “two people familiar with the matter.”