Musk has said previously that Saudi Arabia's Public Investment Fund spoke with him several times since past year about taking Tesla private.
Tesla has received a subpoena from USA regulators over company production estimates, the firm revealed today.
When the Model 3 was launched in 2017, the company was optimistic about quickly ramping up production of the highly anticipated model. Messages were left Friday seeking comment from the SEC and the Justice Department.
Why Pete Davidson Can't Stop Making Jokes About Ariana Grande Split
Our second source points out that Grande has addressed the split publicly so it's only fair that Davidson does the same. Grande took to social media to respond shortly after the promo was posted online.
Tesla also expects to continue to increase its Model 3 production rate to about 7,000 units per week at its Fremont, Calif., factory. It didn't hit the 5,000-a-week target until June 2018. This prompted the CEO to tweet in August that he had the funding secured to buy out shareholders. Musk and Tesla settled with the SEC in September after the agency sued for fraud.
Last week, investors were cheered by the company's third-quarter net profit, wider margins and positive cash flow, which sent shares climbing. Musk and Tesla agreed to pay a combined $40 million without acknowledging or denying wrongdoing. Next time, Ford may not be so lucky, he said.
Tesla also said in its quarterly filing that it planned to start building about 3,000 Model 3 vehicles per week in Shanghai in the initial phase of its Gigafactory 3, to reduce the impact of tariffs.
Tesla shares finished the day Friday up 0.6 percent, at $346.41.