Tesla Investigated Due To 'Misleading' Production Figures

Elon Musk  InstagramElon Musk with his boring machine

Elon Musk InstagramElon Musk with his boring machine

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.

This clearly indicated Tesla's plan to enter the Indian market.

Similarly, in May, Musk had made apparent the challenges Tesla was facing when it came to executing the company's plans for India. - Elon Musk (@elonmusk) November 3, 2018.

Musk clarified the current situation in a tweet a few months back, citing challenges with adhering to the Indian government's regulations. However, the futuristic design is what Musk is now most "fired up" about.

The user had asked if Panasonic "will also be a partner of the China giga battery production", to which Musk said that Tesla plans to source cell production locally "most likely from several companies", including Panasonic.

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The entrepreneur wants to make pricing affordable, through a strategy that focuses on local production for local markets at a continental level. " Musk says in the tweet".

"The SEC has issued subpoenas to Tesla in connection with ... certain projections that we made for Model 3 production rates during 2017 and other public statements relating to Model 3 production".

Earlier in May, Musk had hinted out his firm's entry to India via micro-blogging site Twitter.

In 2015, Musk hosted Prime Minister Narendra Modi during his visit to the Tesla factory in Fremont, California. Taking into account the cost of transoceanic transportation and import tariffs, Tesla now spends 55-60% more operating costs than it does to produce the same vehicle in China. Recently, the company also confirmed that it was able to manufacture as many as 5,000 Model 3 cars in a day at its Nevada Gigafactory, allowing it to deliver pre-ordered units to customers.

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