“FBI Probes Tesla Over Production Figures,” The Wall Street Journal, October 27, 2018 A1. FBI conducts a criminal investigation into whether Tesla knowingly overstated anticipated production figures and thereby misled investors.
What if Tesla knew at the time that it couldn’t and wouldn’t meet the production targets it was then continuously providing the market? When does mere puffery become criminal? What controls would you need to have to prevent this at your company?
Do you have them? Are they enforced?