Tesla's Self-Driving Option is About to Get 'Substantially' More Expensive

Elon Musk Has More

A similar tweet sent nearly two months ago in which Musk said the company would build half a million vehicles in 2019 led the U.S. Securities and Exchange Commission to argue he was in contempt of a settlement reached with the regulator previous year.

If they can't reach an agreement, the judge will rule whether Musk's newest tweets are in contempt of the SEC settlement. The portfolio manager for Tesla's largest shareholder after Musk said the CEO may better serve the company by being less outspoken. Nathan will choose the Securities and Exchange Commission's motion to find Musk from contempt, When they don't.

The judge started hearing arguments at about 2 p.m.

The comments about Musk's tweeting and tendency to say things that get him into trouble are reminiscent of an interview James Anderson, a partner at Baillie Gifford & Co., gave to Bloomberg Television last month. "Come back with your reasonableness trousers on".

Musk claims that with all this tech constantly being added to the auto - the plan is that the vehicle is eventually so autonomous that you can have it taxi other people and earn you money - Tesla cars become "appreciating assets".

Читайте также: Pistons' Blake Griffin likely to miss first-round series with Bucks

At Wednesday's close, Tesla shares were down 12.3% so far this year. The agency contends that Musk hasn't sought the lawyer's approval for a single tweet.

The SEC says Musk violated the settlement when he tweeted about Tesla's automobile manufacturing in February without the approval of a lawyer.

Musk backed off the concept of taking the business private, but regulators concluded he hadn't lined up the money to pull off the offer. The electric automaker said on Thursday that all Tesla vehicles now come with Autopilot as a standard feature "for less than the prior cost of the option".

Three out of 30 polled investors stated that Tesla shares Underperformed, alongside having 29 investment analysts offering estimates for the price of Tesla shares in the period of the next 12 months, suggesting the median target price of 325$ per share, the lowest price of 170$ and the highest estimate of 530$.

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