Elon Musk Delivers A Speech To SEC

Elon Musk Delivers A Speech To SEC

Elon Musk had revealed that Tesla Model Y price is likely to be about 10% higher than the Model 3.

Since, Tesla expects a much higher demand for the much-anticipated vehicle, there is a push to take production as a challenge and take it to its full capacity.

Unfazed by the fact that he's now legally feuding with the SEC for tweets regarding business operations at Tesla, Musk again took to the social media site on Tuesday to explain that Tesla "shouldn't have offered" lower prices on Model S and Model X vehicles. "Was done so because some simply couldn't afford it", said Musk as he appeared to be referring to post-purchase discounts for existing vehicle owners rather than the pre-purchase price changes Tesla made at the end of February.

The company assures this is the result of a close evaluation of every single retail location performed over the last two weeks (why didn't they do that to begin with?), and it will continue to evaluate them over the course of several months.

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A U.S. District Judge Tuesday granted the Securities and Exchange Commission permission to respond to Tesla's CEO Elon Musk's claim that his February tweet on the electric auto maker's production plans was not in violation of his fraud settlement. Last year, Tesla's total headcount increased by 30 percent, "which was more than we can support", Musk wrote in a company blog post. Apart from that, problems had not stopped trailing the electric carmaker, as the Tesla head Elon Musk had until the day on Monday to proffer a decipherable explanation why he should not be held responsible for his recent tweets, which the US SEC said, had breached a September fraud settlement.

Vehicles will be open for test drives at stores per request of the potential owner. So, Tesla has designed newer strategies to meet its expectations. What you won't see for a while, however, is the Model Y, because.

"I think we will be feature-complete full self-driving this year, meaning the auto will be able to find you in a parking lot, pick you up, take you all the way to your destination without an intervention - this year", Musk said in an interview with ARK Invest.

Messages were left Monday seeking comment from a Tesla spokesman. The Company said there will be no cost extended to its United States dollars 35,000 Model 3.

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