Tesla stock 0.4% higher; NYT reports Goldman, Silver Lake subpoenaed
Tesla Inc. TSLA, +1.38% rose 0.4% in early trading Wednesday, shaking off some of the previous session’s weakness on news the Justice Department had opened an investigation into the "funding secured" going-private tweet by Chief Executive Elon Musk. The going-private saga also has been under a Securities and Exchange Commission probe. The New York Times reported late Tuesday Goldman Sachs and investment firm Silver Lake, hired to explore the taking-private deal, had both received subpoenas "demanding materials about their interactions with Tesla," citing two people briefed on the subpoenas. Tesla shares have lost 8% this year, versus advances of 9% and 7% for the S&p 500 index SPX, +0.14% and the Dow Jones Industrial Average DJIA, +0.71%
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