Tesla Faces Deepening Criminal Probe Over Whether It Misstated Production Figures

Tesla Inc., with a fresh civil fraud settlement now behind it, faces a new legal problem: a deepening criminal investigation. Federal Bureau of Investigation agents are examining whether Tesla misstated information about production of its Model 3 sedans and misled investors about the company’s business going back to early 2017, people familiar with the matter…

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Tesla Faces Deepening Criminal Probe Over Whether It Misstated Production Figures

Tesla Inc., with a fresh civil fraud settlement now behind it, faces a new legal problem: a deepening criminal investigation. Federal Bureau of Investigation agents are examining whether Tesla misstated information about production of its Model 3 sedans and misled investors about the company’s business going back to early 2017, people familiar with the matter…

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Trump Presses Apple to Shift Production to U.S.

President Trump called on Apple Inc. to shift production to the U.S. and out of China, reviving a longstanding criticism and pressuring the iPhone maker to help fulfill the administration’s economic goal of restoring American manufacturing. In a Saturday morning tweet, Mr. Trump said that if Apple wants to avoid tariffs on its products, it…

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Trump Presses Apple to Shift Production to U.S.

President Trump called on Apple Inc. to shift production to the U.S. and out of China, reviving a longstanding criticism and pressuring the iPhone maker to help fulfill the administration’s economic goal of restoring American manufacturing. In a Saturday morning tweet, Mr. Trump said that if Apple wants to avoid tariffs on its products, it…

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Davivienda Colombia Manufacturing PMI Production Index at 55.6

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SEC Probes Tesla Over Model 3 Production Disclosures

Securities regulators began investigating last year whether Tesla Inc. misled investors about its Model 3 car production problems, according to people familiar with the matter. The Securities and Exchange Commission subpoenaed a parts supplier for the auto maker as part of the probe, one of the people said, well before the regulators began looking into…

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U.S. Industrial Production Rebounded in June

WASHINGTON—U.S. industrial production rose solidly in June, a sign of strength in the economy powered by gains in the mining and manufacturing sectors. Industrial production—a measure of output at factories, mines and utilities—rose a seasonally adjusted 0.6% in June from the prior month, the Federal Reserve said Tuesday. Economists surveyed…

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Trump Asks Saudi Arabia to Increase Oil Production

U.S. President Donald Trump said he asked Saudi Arabia to significantly boost its oil production, ratcheting up pressure on Riyadh to help ease fast-rising crude prices. The intervention comes as global demand is rising, inventories of stored oil are falling and a number of supply disruptions—in Canada, Iran, Libya and Venezuela—have tightened markets. Oil…

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Russia Supports OPEC Plan to Lift Oil Production

VIENNA—Russia on Saturday threw its support behind Saudi Arabia’s plan to ramp up global oil production in the face of higher prices, after more than a year of holding back output in coordination with OPEC. Russian Energy Minister Alexander Novak said his country backed a plan by the Organization of the Petroleum Exporting Countries to…

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Musk urges “radical improvements” to hit Model 3 production goal

Tesla CEO Elon Musk told employees in an email on Friday night that “radical improvements are still needed” in order to hit the company’s quarterly target for Model 3 production, CNBC reports. Why it matters: Musk has been under pressure to meet his pledge of hitting a production rate of 5,000 Model 3s a week…

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