US regulators subpoenaed Tesla production data, company says

Tesla cars to find parking spots on their own by 2019

"Aside from the settlement with the SEC relating to Mr. Musk's statement that he was considering taking Tesla private, there have not been any developments in these matters that we deem to be material", the company wrote in the filing.

The remarkable footage from Madison, Wisconsin, has gone viral, helped by Tesla chief executive Elon Musk himself commenting on it.

This feature will be rolled out in the next six weeks and supported by all the cars manufactured by the company in the last two years, including the lower-priced Tesla Model 3.

A Tesla spokesperson told Reuters last week that the company had received a voluntary request from the Department of Justice for documents related to Model 3 production forecasts, but had not received a subpoena.

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Missing production forecasts is not uncommon but the regulators are investigating whether Tesla's were deliberately misleading. They show what the posters claim are piles of scrapped parts such as sub-frames and plastic panels, built in a rush to hit quarterly production targets.

"To our knowledge no government agency in any ongoing investigation has concluded that any wrongdoing occurred", Tesla wrote in its filing. "Quality has historically been an issue for Tesla but early buyers were willing to accept that because they bought into image - the mass market will not be so forgiving".

"There's not many products you can buy that really make you happier", Musk said.

Elon Musk, following his short-lived plan to take Tesla Inc. private, said he now "probably" wouldn't accept an investment from Saudi Arabia's government after the death of dissident journalist Jamal Khashoggi.

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