Tesla 'whistleblower' files tip with the SEC (TSLA)

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Until about a month ago, Tripp worked at the Tesla Gigafactory battery plant in Reno, Nevada, but he was sacked and subsequently accused by the automaker of committing sabotage in a lawsuit Tesla filed in federal court. Automakers are investing heavily to develop models to appeal to local customers.

Tesla Motors announces a new Technology Innovation Center in Beijing on July 12 as CEO Elon Musk concludes his three-day trip in China.

The former employee left the company on June 19 and was sued by Tesla "shortly thereafter". The company also provided misleading information about the weekly production of its model 3 by pumping the figures by over 44%. That doesn't come as a complete surprise to some observers. So far, the company has fallen well short of that benchmark, with less than 90,000.

What remains to be known about Tesla's Chinese assembly plant is the price tag.

Fired Tesla employee Martin Tripp has filed a whistleblower complaint with the SEC alleging Tesla misled investors and put its customers at risk. That could result in fires and even a possible explosion, according to Tripp. And in early may, Tesla reported a loss for the fifth quarter in a row. Tripp says it didn't happen.

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It is unclear who those entities are.

Tesla did not immediately respond to a request for comment, but the company has previously denied Tripp's allegations about its production process and communications with investors. China is the world's largest market for electric vehicles and was responsible for about 17% of the company's revenue in 2017.

"Getting the truth out has become a nightmare".

Bloomberg described Tesla's decision as a "bold move", since the auto company has been "burning through billions of dollars as it's struggled to ramp up manufacturing of the Model 3 sedan". "While we have had to relocate due to threats and harassment, both online and offline, making it hard to press on, my family and I have also received a ton of support, which keeps us going", Tripp said in a statement.

His attorney, Stuart Meissner, described the federal lawsuit as a "calculated effort to ruin (Tripp's) reputation and silence him and other potential Tesla [whistleblowers] from coming forward".