UPDATE 1-SEC subpoenas Tesla on Model 3 production estimates
The company said no government agency in ongoing investigations has concluded that any wrongdoing occurred.
"Should the government decide to pursue an enforcement action, there exists the possibility of a material adverse impact on our business, results of operation, prospects, cash flows, and financial position," the company said in a filing. (https://bit.ly/2QfRCLK)
Tesla said last week it did not receive a U.S. subpoena related to its Model 3 production forecasts, following a report that it faced a deepening criminal probe about the projections.
Musk and the company settled with the SEC in September to pay a $20 million fine each, with Musk stepping aside as Tesla's chairman for three years.
The company's shares were down 0.6 percent at $342.02. (Reporting by Vibhuti Sharma in Bengaluru; Editing by Bernard Orr and Saumyadeb Chakrabarty)
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