Tesla Receives Subpoenas In US Fraud Probes

Gwen Vasquez
November 7, 2018

In the Recode interview, Musk said he was willing to make a more "conventional" truck in the future if it will sell better.

Elon Musk just gave the internet a privileged look at what you might see if you're lucky enough to attend the opening of the first Boring tunnel on December 10th. In a follow-up tweet, he explained further, naming India, Africa and South America as markets for partial presence by end of 2019 with further expansion the following year.

This isn't the first time Space X CEO has shown interest to enter the Indian market.

Similarly, in May, Musk had made apparent the challenges Tesla was facing when it came to executing the company's plans for India.

India lost a good deal a year ago when Tesla agreed to build its first factory outside the U.S. in Shanghai, China, despite the fact that the company had been exploring the possibilities of setting up a plant in India for months.

The SEC had also issued subpoenas in connection with Chief Executive Elon Musk's previous statements that he was considering taking the company private, it said.

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In June 2017, Musk had confirmed on Twitter that Tesla was "in discussions with the government of India".

The expanding SEC probe could set up a new hurdle for a company that last month said it had finally resurfaced into profitability thanks to booming sales of the Model 3.

"Of course, anything boring is awful, especially companies, so we chose to send something unusual, something that made us feel", he added.

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

Model S and Model X sales in China will likely continue to be hurt by recently increased tariffs imposed by the Chinese government on US-manufactured vehicles, it said. The company may produce it in a limited quantity.

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