Federal Bureau of Investigation agents are examining if Tesla misstated information about production of its Model 3 sedans and misled investors about co.’s business going back to early 2017, Wall Street Journal reports, citing unidentified people familiar with the matter.

• Tesla shares gave up most of their earlier gains after the news, trading up 0.6 per cent at 2:17pm in New York
• Action in the criminal investigation is headed by the U.S. attorney’s office in San Francisco, has intensified in recent weeks
• Tesla didn’t immediately respond to a request for comment to WSJ; Justice Department and SEC declined to comment
• Bloomberg reported Oct. 16 a U.S. judge had approved Elon Musk’s $40m settlement with the SEC on his tweets about a plan to take the company private