The U.S. Department of Justice is investigating Tesla over the advertised range of its vehicles and personnel decisions.
I’m J.D. Durkin - reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.
This comes as investors look ahead to a banner week with tech earnings on deck. Both Microsoft and Google parent Alphabet will release results on Tuesday. These reports will be closely watched for insights into the broader performance of the tech sector. So far, around 17 percent of companies in the S&P 500 have reported earnings. Of those, 73 percent have beat Wall Street expectations.
Adding to the growing list of concerns for Tesla investors Monday morning was a request by the Department of Justice to provide documents relating to a probe over Tesla’s driving range claims. Tesla said the DOJ has also requested documents related to its autopilot system, as well as"certain matters associated with personal benefits, related parties, vehicle range and personnel decisions.”
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