The cause of the FBI investigation against Tesla media

The Tesla Model 3 Performance has two electric motors producing a total of 450 horsepower

USA criminal investigators are probing whether Tesla Motors misled investors about the timetable for meeting key vehicle production targets, a person familiar with the matter said on Friday.

Musk and Tesla only recently settled with the U.S. Securities and Exchange Commission over Musk's August 7 tweets.

The US Justice Department's investigation into whether he and Tesla misled investors about production of its Model 3 vehicle is "total bs", he said.

Tesla said in Friday's statement that investigators came to the company earlier this year and the company provided requested documents.

Analysts thought Tesla was in trouble earlier this year because the company had been burning nearly a billion dollars a quarter in late 2017 and early 2018.

The FBI has also reportedly begun comparing Tesla's statements on the number of Model 3 cars it was producing with the company's factory's production capabilities during 2017.

Musk, who recently informed Tesla of his plans to purchase $US20 million of the company's stock in the next available window, seemed to hint in a tweet that the purchase could be made Monday.

Tesla spokesman Kamran Mumtaz has said that Tesla has not received a formal subpoena, request for testimony, or any other official process.

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The Wall Street Journal reported on Friday that the FBI has intensified its previously unreported investigation into Tesla's production statement.

After bungling its first production targets, Tesla lowered the expectations, but not enough to actually be able to meet them.

So, it's official - the Tesla Model 3 will be here mid-next year, and in the United Kingdom, according to Tesla founder and CEO Elon Musk.

That capped a week in which the shares jumped 27 percent on strong third-quarter results.

Tesla hit a long-delayed goal of making 5,000 Model 3s in one week at the end of June 2018, and, at the beginning of this month, Tesla said it produced 53,239 Model 3s during the third quarter after projecting it would make between 50,000 and 55,000.

Musk pledged in the summer of 2017 that the company would be churning out 5,000 cars per week by the end of a year ago.

This week Tesla reported a $311.5 million profit for the July-through-September period, its first quarterly profit in two years.

The SEC settlement required that Tesla implement mandatory procedures and controls to oversee all of Elon Musk's communications regarding the company in any format, including Twitter. The company generated positive cash flow of $1.4 billion in the third quarter, compared to a negative $301 million at the same time past year.

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