Publicado: Mar, Abril 16, 2019
Financiera | Por Marilu Caballero

Defiant Musk Sends Out Other Controversial Tesla Tweet

Defiant Musk Sends Out Other Controversial Tesla Tweet

Besides from having a rough week in the market, Tesla stocks saw a -11% decline in the period of the past year, while gains on S&P 500 went by 9% in oppose to the share price decline in the period of the last 12 months.

A US Court District judge earlier this month asked electric car-maker Tesla, its CEO Elon Musk and the Securities and Exchange Commission (SEC) to iron out their differences within two weeks and come with a new resolution.

According to Bloomberg, Musk's lawyers and the SEC have been instructed by a judge to reach an agreement that will reign in Musk's ability to tweet anything he chooses by Thursday, April 18.

Tesla said 63,000 vehicles were just delivered by it down 31% from the fourth quarter of 2018.

"Pana cell lines at Giga are only at ~24GWh/yr & have been a constraint on Model 3 output since July", Musk wrote in a tweet April 13. Concerns about demand for Tesla's vehicles escalated last week after the Nikkei reported the company and its partner Panasonic Corp. were freezing plans to expand capacity at the battery factory they share in Nevada.

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"Please note that the price of the Tesla Full Self-Driving option will increase substantially over time", Musk said on Saturday, without providing an estimate of how much the price will go up.

The financial markets regulator in February asked a judge to hold Elon Musk in contempt for violating a deal the regulator struck with the Tesla chief executive previous year, which requires him to get the approval of the Tesla board of directors before tweeting anything that could "be material to investors".

A former tweet regarding a strategy to take the business private led with the SEC to the first round of problems. "Take a deep breath, put your reasonableness trousers on and work this out", directed U.S. District Judge Alison Nathan rather notably. The agency asserts that Musk hasn't sought the approval of the lawyer for one tweet.

Tesla recently made Autopilot a standard across its vehicles.

It is unclear if Musk plans to attend the hearing loss.

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