The Wall Street Journal Archives | Email alerts

Dec. 6, 2021, 7:24 p.m. EST

SEC investigating Tesla over whistleblower’s solar-cell allegations

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Tesla Inc. (TSLA)

or Cancel Already have a watchlist? Log In

Meghan Bobrowsky

The U.S. Securities and Exchange Commission has opened an investigation into Tesla Inc. that touches at least in part on the company’s solar-cell activity.

The SEC acknowledged the probe in response to a Freedom of Information Act request filed by a former Tesla employee who previously filed a complaint with the SEC, according to documents viewed by The Wall Street Journal. The person alleged in the complaint to the regulator back in 2019 that Tesla /zigman2/quotes/203558040/composite TSLA -6.67% and SolarCity, the solar-cell business it acquired, failed to properly notify shareholders and the public of fire risks associated with its equipment, according to one of the documents.

The individual, a former field quality manager at Tesla named Steven Henkes, in his records request sought information relating to his complaint. The SEC denied the request in a letter dated Sept. 24, 2021, saying there is an “active and ongoing” investigation, one of the documents states.

The SEC declined to comment. Tesla didn’t respond to a request for comment on the probe previously reported by Reuters. It couldn’t be determined if the investigation remains open.

An expanded version of this report appears on WSJ.com.

Also popular on WSJ.com:

China increasingly obscures true state of its economy to outsiders.

New York City sets COVID-19 vaccine mandate for private-sector workers.

/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 874.84
-62.57 -6.67%
Volume: 22.53M
Jan. 27, 2022 11:51a
P/E Ratio
282.67
Dividend Yield
N/A
Market Cap
$941.41 billion
Rev. per Employee
$662,097
loading...

Get news alerts on Tesla Inc. — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.