Elon Musk to Develop a 'Futuristic, Blade Runner Pickup Truck'

James Marshall
November 6, 2018

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 FBI declined to comment on the matter.

The subpoena can compel Tesla to turn over materials the agency wants to review.

Elon Musk said in an interview to Recode that he sees a new branch of the U.S. Armed Forces as "obvious" as Americans travel far off the planet.

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. "This is critical to make pricing as affordable as possible", Musk wrote on Twitter.

A Tesla spokesperson told Reuters last week that the company had received a voluntary request from the Department of Justice for documents related to Model 3 production forecasts, but had not received a subpoena.

Tesla shares closed up less than half a per cent to $346.41 on Friday.

The $58 billion company agreed as part of the SEC settlement to more closely monitor Musk's social-media commentary.

Similarly, in May, Musk had made apparent the challenges Tesla was facing when it came to executing the company's plans for India. The investors involved have since filed an amended complaint.

The company has said the delays were due to "production bottlenecks".

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. "While Tesla gets criticized when it is delayed in reaching a goal, it should not be forgotten that Tesla has achieved many goals that were doubted by most".

Other reports by Click Lancashire

Discuss This Article

FOLLOW OUR NEWSPAPER