The 2018 tweet, in which Mr. Musk claimed he had secured funding to take Tesla private, initially sent the automaker’s shares soaring. But they sank when it became clear that no such deal had been reached.
The company updated registration documents with the Securities and Exchange Commission on Monday.
The activist short-seller behind Hindenburg Research has become known for research that sends companies’ stock sinking. He says he’s not in it just to move share prices.
It was not clear what issues the prosecutors, with the U.S. attorney’s office in Manhattan, are looking into.
The start-up gained attention by purchasing a shuttered General Motors factory in Ohio in 2019. At the time, G.M. was under pressure from President Trump to find a buyer for the plant.
Lordstown said last week that it needed to raise more money and might not survive. Now, the company’s new executive chairwoman has said “It’s a new day at Lordstown Motors.”
The company’s top executive resigned after the struggling automaker released an investigation by its board.
Lordstown Motors, which bought a shuttered General Motors factory in Ohio, warned that it needs to raise more money and might not survive.
