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Tesla to Enter India by Next Year, Says Elon Musk

Tesla to Enter India by Next Year, Says Elon Musk

In 2017 and this year, Tesla had trouble producing the cars, drawing a lawsuit from investors who said they were misled by CEO Elon Musk's production targets.

Previously, Musk said that the first underground tunnel under Los Angeles will open December 10.

While Tesla chose China, not India, as the venue for its first production facility outside of California, Musk's latest tweets are nonetheless interesting for keen Tesla-watchers in India.

Elon Musk has yet again hinted that Tesla could soon make its Indian debut.

"I don't think people will run to the store for iPhone 11".

The company which is known for its electric cars also has plans to expand in North America, Eastern Europe, China, and Japan, Musk revealed in his tweets.

In its statement, Tesla said the DOJ has asked it "to voluntarily provide (the DOJ) with information" about the Federal Bureau of Investigation and the DOJ's probes.

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Both the FBI and DOJ investigations involve possible criminal charges, while the SEC brings civil cases, which require a much lower burden of proof.

The disclosure in Tesla's quarterly financial report also says the Securities and Exchange Commission subpoena covered other public statements made about Model 3 production.

A former Tesla employee, Martin Tripp, sought whistleblower protection and filed SEC complaints claiming that Musk had overstated production numbers, which Tesla has disputed.

Tesla's SEC filing said that an enforcement action from either agency could damage its business, cash flow and future prospects.

Unconventional factory methods and failed attempts at automation forced the Silicon Valley automaker to endure months of costly delays and executive departures at its vehicle factory in Fremont, Calif., during a time that Musk has called "production hell". First sketch of the new vehicle was presented on the show electric truck from Tesla, which was held a year ago.

In its quarterly statement, however, Tesla disclosed it had brought in an additional $137m in regulatory credits, which contributed to almost half the profit for the quarter. He also said that the finished model will be large number of titanium components.