Tesla Is Increasing the Price of Full Self-Driving Feature

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The CEO didn't give details how much the price would increase or any other details, one Twitter follower asked would it be something around the addition of $3,000, to which the Musk replied: "somewhere like that".

In an April 4 hearing where Musk appeared, U.S. District Judge Alison Nathan questioned the specifics of the CEO's settlement with the SEC and told the two sides to rework the language of their agreement.

"Everybody take a deep breath, put your reasonableness pants on and work out this", Nathan stated.

The SEC needs Nathan to Musk for violating a settlement requiring his tweets to be approved by a lawyer should they disclose company facts that are significant.

"There is 35 GWh/yr "theoretical capacity", but actual max output is ~2/3", Musk said in a tweet.

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

It is unclear if Musk plans to attend the hearing loss. That tweet, last August, sent the company's stock on a wild ride.

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Authorities concluded he hadn't lined up the sum to pull off the deal, although musk backed the concept of taking the company private.

Attorney John Hueston said the SEC's very first step after the tweet about production should have been to approach Tesla in good faith, and Nathan agreed.

Tesla shares (TSLA) fell as much as 1.7 percent to $263.03 as of 9:38 a.m. Monday in NY trading.

Mr Musk and Tesla later settled with the SEC.

The case of the sudden dip that placed the price of Tesla shares to the bottom point for the week, still seeing declines even days later with its latest trading session on Monday, April 15, is contributed to the news that Tesla Inc shared on the matter of their deal with Panasonic Corp.

Tesla stated it only delivered 63,000 vehicles in the quarter, down 31% from the fourth quarter of 2018.

The tweet that prompted the SEC move said that Tesla will manufacture half a million cars this year.

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