Elon Musk shows off completed Boring Company tunnel in new video

Elon Musk says Tesla’s looking to establish a ‘partial presence’ in India by 2019

The eccentric billionaire and SpaceX founder, Elon Musk, wanted to do things differently - so the payload was comprised of a Tesla Roadster, with a mannequin dressed in an astronaut suit sitting in the driver's seat. He said this on Twitter.

Earlier in June 2017, Musk had tweeted that Tesla was in discussions with Indian hovergover for 'temporary relief on import penalties/restrictions until a local factory is built'. In a Recode interview with Kara Swisher, Musk lets listeners know that the pickup truck is more of a personal passion project, and isn't expected to see massive sales. But given Musk's past theatrics, it's also pretty underwhelming.

The Wall Street Journal reported last month that the FBI is doing a criminal investigation into whether Tesla misled investors by overstating Model 3 production forecasts. The investors involved have since filed an amended complaint.

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

"It is possible for another SEC enforcement action down the road if it turns out that the projections were purposefully or recklessly made without a basis", Dublow said.

Unconventional factory methods and failed attempts at automation forced the Silicon Valley automaker to endure months of costly delays and executive departures at its auto factory in Fremont, Calif., during a time that Musk has called "production hell". The year before, in another tweet, Musk had said he was keen to build an India-wide network of superchargers, which are fast-charging stations for electric auto vehicles.

At the time, the company said it had taken in $52m in regulatory credits for zero-emissions vehicles. The tax credit for Tesla cars will drop by half on January 1.

Tesla also said in its quarterly filing that it planned to start building about 3,000 Model 3 vehicles per week in Shanghai in the initial phase of its Gigafactory 3, to reduce the impact of tariffs.

Related:

Comments

Latest news

President Trump Holds Post-2018 Midterm Election Press Conference
He then took questions, and things got testy quickly as he sparred with reporters - especially CNN's Jim Acosta . You are a rude awful person. 'CNN should be ashamed of itself having you work for them.

Democratic Socialist Alexandria Ocasio-Cortez Wins Election In a Landslide
Democratic Colorado Governor-elect Jared Polis arrives onstage with running mate Dianne Primavera on November 6, 2018 in Denver. Tlaib, a former member of the Michigan House of Representatives, faced two opponents in the race: Green Party candidate D.

'Red Dead Redemption 2' Missing Characters Bug Fix In the Works
Not even 24 hours after its release, Red Dead Redemption 2 was being labeled the best game of the year, and trust me, it is. Players will have the freedom of decisions in this lovely landscape and each choice will have its own immediate effect .

Pompeo Resuming Nuclear Talks with N. Korea This Week
Anchor: The Trump administration has restored US sanctions on Iran that had been lifted under the 2015 nuclear deal. He also declared that the North would stop nuclear and long-range missile tests.

Mel B says Victoria Beckham WILL 'appear at Spice Girls' Wembley concert'
Media captionWhat do people really think of the announcement that the Spice Girls are going on tour? "I'm quite rich. She went on to say they were recording a new album, with the rest of the girls chastising her for "fibbing".

Other news