U.S. automaker Tesla is facing yet another subpoena from one of the country’s major financial regulators, as shown in a filing shared by the company on Monday.
Tesla revealed details about a new subpoena from the Securities and Exchange Commission (SEC) in a regulatory filing on Monday, along with information about the automaker’s Bitcoin sales and capital spending, according to Bloomberg.
In its recent earnings report and the filing, Tesla said it’s expecting to spend between $6 and $8 billion in capital expenditures this year and in the following two years.
Elon Musk Quotes Eminem in Court Filing Opposing SECÂ Oversight https://t.co/AL8QzskWCS
— TeslaNorth.com (@RealTeslaNorth) March 29, 2022
In the past, Tesla estimated spending between $5 and $7 billion on creating its Gigafactories and other upgrades.
Tesla also noted that the SEC issued another subpoena on June 13, regarding the company’s compliance with a Twitter oversight agreement hanging over CEO Elon Musk’s head from a 2018 trial.
This marks the second subpoena the SEC has issued to Tesla in the year, with the first also pertaining to Musk’s 2018 tweet in which he said he had “funding secured” to take Tesla private — later ruled to be a false claim by a judge.
Musk has also filed multiple bids to end the SEC’s oversight of his Twitter account, most recently happening a day after the June subpoena.
