Elon Musk hints at 'partial investment plan' in India by 2019

Highlights from Elon Musk’s interview with Recode

However, in August a court dismissed a civil shareholder lawsuit on the issue of Model 3 production targets, saying Tesla properly informed investors that the projections could be disrupted by various factors.

The interview also delved into the company's plans for a Model Y crossover SUV, and the upcoming revamp of Tesla's Roadster.

U.S. regulators have demanded Tesla to hand over information as part of a criminal investigation into whether Elon Musk's electric vehicle maker misled investors over its production figures.

Starman has probably put more miles on his cherry red Tesla Roadster in the last nine months than any other auto in history.

A year ago, a group of shareholders sued the company in federal court alleging that it made false statements about Model 3 production and misled investors.

In 2015, Musk hosted Prime Minister Narendra Modi during his visit to the Tesla factory in Fremont, California.


The filing adds that Tesla is cooperating with a Justice Department request for information about Model 3 forecasts.

Tesla has denied the claims, saying it disclosed production bottlenecks once identified, and pointing to Musk's public statements that the company was undergoing a period of "production hell" in 2017.

Musk tweeted at the time that he had "funding secured" for the deal, but later dropped the plans, admitting they had been unrealistic.

China, US, signal trade war detente.

Professor David Bailey, an automotive industry expert at Aston University, said: "The pictures suggest big rework and rectification issues with vehicles coming off the production line". It did not say at the time that it had gained another $137 million in regulatory credits, which contributed to almost half of the profit.

Tesla said Friday that it expected to incur undisclosed costs related to responding to the subpoenas and potentially defending against any government action.

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