U.S. Markets open in 8 hrs 11 mins

Tesla 'whistleblower' tells SEC company misled investors

Local 10 Miami
Tesla 'whistleblower' tells SEC company misled investors

NEW YORK (CNNMoney) - A former Tesla employee who calls himself a whistleblower has filed a formal tip with the Securities and Exchange Commission that alleges Elon Musk's electric car start-up misled investors and put its customers at risk. Martin Tripp — who has been sued by Tesla and accused by Musk of attempting to sabotage the company — claims Tesla installed faulty batteries into some vehicles and placed battery cells dangerously close together. Tripp also alleges Tesla has drastically overstated to investors how many Model 3 vehicles the company produces. Tesla allegedly inflated its statistics by as much as 44%. The tip was filed with the SEC on July 6, and a press release about its contents