Elon Musk has plans to create a new vehicle

Mindy Sparks
November 6, 2018

The entrepreneur himself describes the tunnel as "disturbingly long", running from beneath the headquarters of another of his companies - SpaceX - to a suburb of LA.

Founded by businessmen Martin Eberhard and Marc Tarpenning in July 2003, Tesla is an American automotive and energy company. Musk included India in a list of regions that Tesla will aim to target in the next two years. Regulators are looking at whether Tesla misled investors about its business.

The two regulators are investigating whether Musk and the company over-promised about how many of its new Model 3 auto it could make.

"You know, I actually don't know if a lot of people will buy this pickup truck or not, but I don't care", he said in the interview.

"It's fair to say I would probably not have tweeted some of the things I tweeted, that was probably unwise", Musk said. Musk also has proposed a tunnel across western Los Angeles and another between a subway line and Dodger Stadium.

The Wall Street Journal reported last week that former employees have been subpoenaed in the Federal Bureau of Investigation probe. Those numbers were widely regarded as a make-or-break issue for Tesla as it sought to navigate factory chaos, slow its cash burn and prove to investors that it could survive.

The SEC issued subpoenas over "certain projections that we made for Model 3 production rates during 2017 and other public statements relating to Model 3 production", Tesla said in a quarterly filing on Friday. The investors involved have since filed an amended complaint.

This expanding aggressive SEC probe could set up a new hurdle for a company that last month said it had finally resurfaced into profitability, thanks to rising sales of the M-3.

One of the world's largest electric vehicle makers, Tesla Motors, is set to arrive in India next year, claimed a report in Carwale.com on Monday.

Other reports by Iphone Fresh

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