Follows Beijing’s announcement it would end restrictions this year on foreign ownership of electric vehicle producers.
Automaker is cutting prices by $2,000 to offset the phase-out of federal electric vehicle tax credits.
The company earned US$311.5 million during the three months ending in September.
The automaker has yet to say how it will pay for the Shanghai factory.
Tesla said it recorded one accident for every 3.34 million miles driven when its autonomous driving system was engaged.
Musk and Tesla will each pay US$20 million to resolve the SEC case.
Elon Musk’s tweets about going public caused stock headaches, now raising SEC concern.
Ontario gov will not appeal court decision.
Judge said excluding the electric car maker from a grace period singled out Tesla for harm.
Province says the decision is government policy that does not fall within the court’s jurisdiction.
Given his questionable behaviour, most other company boards would have taken action.
Financing for the deal far from locked up, contradicts guarantee that Musk issued in a tweet.
CEO writing that he had secured funding to buy Tesla Inc.’s shares at $420 each.
Musk expects the company to avoid returning to the markets for capital and to be “essentially self-funding on a go-forward basis.”
Asking for refunds from suppliers and talking about changes to future prices and design that will help it reduce costs.