United States regulators demand Tesla hand over information amid investigation into production forecasts

Tesla delivered an awesome earnings surprise. How come no one saw it coming

Tesla Inc. says in the filing that to its knowledge, no government agency in an ongoing investigation has determined that it did anything wrong.

In a new interview with Recode, Musk says he was working 120-hour weeks to get Tesla Model 3 production ramped up.

However, Musk has answered critics with good third quarter results.

Musk then suggested that fans might not be "running to the store for the iPhone 11", casting it as a product which is less exciting than the cars that Tesla is building right now.

"By next year, a Tesla should be able to drive around a parking lot, find an empty spot, read signs to confirm it's valid & park", Musk added.

The company originally said in its third-quarter earnings call a year ago that it would reach full production of 5,000 Model 3s per week in the first quarter of 2018.

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Elon Musk, the Chief Executive Officer at Tesla, says that he has deleted his titles at Tesla. It didn't hit the 5,000-a-week target until June 2018.

Tesla has received a subpoena from U.S. regulators over company production estimates, the firm revealed today.

The company has disclosed that it had received a subpoena from the Securities and Exchange Commission, and an informal request for information from the Department of Justice.

Tesla has a $US2 billion investment from the Saudis, and was linked to a further injection of cash from the regime after Mr Musk tweeted in August that he had secured funding to take Tesla private. Neither Musk nor Tesla admitted wrongdoing in the settlement.

Model S and Model X sales in China will likely continue to be hurt by recently increased tariffs imposed by the Chinese government on USA -manufactured vehicles, it said.

This story has not been edited by Firstpost staff and is generated by auto-feed.

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