Tesla, which has repeatedly fallen short of its own manufacturing targets, probably will finish the quarter making 53 457 Model 3s, according to the Bloomberg Tracker, an experimental tool to monitor the rollout by using vehicle identification numbers to estimate production in real time.
The deal with the powerful Securities and Exchange Commission, will require Musk to stand down as chairman, and cede sovereignty over his Twitter activities, and for both Tesla and Musk to pay $US20 million fines.
If you weren't already aware, it would be enough to fool you into thinking he hadn't just agreed to a settlement with securities regulators that includes Elon forking over a penalty of $20 million as well as agreeing to step down as Tesla's chairman. This added significant complexity, but we successfully executed this transition and ultimately produced more dual motor than rear wheel drive cars in Q3. Sunday was the last day of the quarter. It produced about 80,000 vehicles overall, the site said.
You're looking at photos of the next-gen Tesla Roadster sent to us by a reader in the US. Neither responded to requests for comment.
But its shares have been hit hard since the SEC filed the lawsuit.
United States regulator accuses Tesla's Elon Musk of fraud over tweets
The SEC lawsuit caused Tesla's stock to dip by as much as 11% in after-hours trading. This purchase price reflected a premium over Tesla's stock share price at the time.
Tesla jumped as much as 19% to $315.45 at 7:45 am NY time, more than enough to offset Friday's 14% plunge.
Bluff called, Musk settled and agreed to resign for at least 3 years and will pay a collective $40m fine between himself and Tesla. The company and its fans made a strong push to get the cars to purchasers and prove that the hard phase Musk called "production hell" was coming to an end. It alleged that Musk's statements - including the assertion that he had "funding secured" to take Tesla private - "were premised on a long series of baseless assumptions and were contrary to facts that Musk knew". As part of the settlement, Tesla will name two new, independent directors to its board. "And I think this kind of behavior has a ripple effect, when there isn't steady leadership at the top".
Musk will need to step down as the Chairman of Tesla.
But several experienced litigators said on Monday that, while the DOJ probe is separate, the SEC's settlement could mark the end of official action against Tesla and Mr Musk.