- The Securities and Exchange Commission (SEC) summoned Tesla in December and asked for financial information.
- Tesla did not disclose the dates and financial arrangements for the SEC to seek details, and the SEC declined Business Insider's request for comment.
- Elon Musk, CEO of Tesla, and the SEC have been arguing over Musk's tweets in recent years.
- You can find more stories on the Business Insider homepage.
The Securities and Exchange Commission (SEC) summoned Tesla in December and asked for financial information Electric car manufacturer said in its 2019 annual report, which it released on Thursday.
"On December 4, 2019, the SEC issued a subpoena requesting information about certain financial dates and contracts, including Tesla's regular funding agreements," said Tesla.
The report did not specify the types of data and financial arrangements for which the SEC requested details, and the SEC rejected Business Insider's request for comment.
Tesla did not immediately respond to a request for comment.
The company also announced that the SEC has closed an investigation into the electric car manufacturer's predictions about the production of its Model 3 sedan.
Elon Musk, CEO of Tesla, has been arguing with the SEC over the past two years. The agency sued Musk in 2018 after saying he secured the funding needed to take Tesla privately and claimed Musk wasn't as close to raising funds for the deal as he said ,
In their agreement, Musk did not admit or deny the agency's allegations, but had to resign as Chairman of the Tesla Board of Directors for three years, pay a fine of $ 20 million, and receive approval for all future written communications required for Tesla shareholders could be relevant.
In 2019, the SEC asked a judge to hold Musk in contempt of the court that approved the 2018 settlement after Musk tweeted a projection of vehicle production. The SEC said in a lawsuit that Musk violated the terms of their agreement by not getting Tesla approval before the tweet was released.
Musk and the agency eventually revised the settlement to describe the issues covered.
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