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

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

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 past year, which requires him to get the approval of the Tesla board of directors before tweeting anything that could "be material to investors". His attorney says Musk didn't. Nathan will choose the Securities and Exchange Commission's motion to find Musk from contempt, When they don't.

In a tweet followed by the earlier one, Musk said these changes will be implemented starting May 1st. However, if the SEC is watching Musk as closely as its reaction to his previous tweet suggests, chances are it will again try to get him in line with the help of the court system.

The order comes after Nathan urged both sides to agree at a hearing on Thursday in NY that Musk attended.

Both the Panasonic and the next-12-months production tweets are noteworthy in light of the settlement that sprang from Musk tweeting in August of past year about trying to take Tesla private.

"Take a deep breath, put your reasonableness trousers on and work this out", Nathan said.

Musk later backed off the idea of taking the company private, but regulators concluded he had not lined up the money to pull off the deal.

World News: Netanyahu, Gantz Claim Victory In Israeli Closely-Fought Parliamentary Elections
In a press conference outside his home, Bennett said, "All my life, I've given all I could for the sake of this good people". Netanyahu, however, has a clearer path to forming a coalition government with other far-right parties.

Meanwhile, Tesla's shares fell 8% Thursday after the company said it churned out 77,100 vehicles well behind the pace it has to maintain to meet Musk's pledge.

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

"Tesla will make over 500k cars in next 12 months, but that's a mere 2% of 25M or 0.02% of global vehicle fleet", reads the Musk tweet in part.

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

Musk's legal team has argued that he retained discretion to determine whether he was sending out material information or not, and that his February 19 post about Tesla's 2019 production was consistent with comments he made weeks earlier on an earnings call.