Tesla says it got SEC subpoena about Model 3 production numbers

Tesla says it got SEC subpoena about Model 3 production numbers

The company originally said in its third-quarter earnings call a year ago that it would reach full production of 5,000 Model 3s per week in the first quarter of 2018. A six week release time frame may be possible, but Musk and Tesla at large have a bit of a track record when it comes to missing deadlines.

The company has disclosed that it had received a subpoena from the Securities and Exchange Commission, and an informal request for information from the Department of Justice.

Taking a short break from working Boring Company's Hyperloop test tunnel and turning Tesla's into remote control cars, Elon Musk sat down with Recode's Kara Swisher for an hour-long interview.

USA securities investigators have subpoenaed information from Tesla about production forecasts for the Model 3 electric auto that were made a year ago, the company acknowledged in a regulatory filing Friday. The company ultimately made only just 2,425 in the entire fourth quarter.

The exoplanet-hunting Kepler space telescope is now dead
In all, close to 4,000 exoplanets have been confirmed over the past two decades, two-thirds of them thanks to Kepler. Kepler has performed an excellent job for the past 9 years and a half, discovering thousands of exoplanets .

Tesla Inc. says in the filing that to its knowledge, no government agency in an ongoing investigation has determined that it did anything wrong. It didn't hit the 5,000-a-week target until June 2018.

The settlement required Tesla and Musk to pay a fine of $20 million each and for Musk to give up his chairman role for three years.

"Should the government decide to pursue an enforcement action, there exists the possibility of a material adverse impact on our business, results of operation, prospects, cash flows, and financial position", Tesla's filing reads.

Musk said in that same earnings call that the company was struggling with "bottlenecks" on the highly automated Model 3 assembly line.

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