Tesla has not received subpoena on Model 3 production, says company

An Upgrade Package available for the Tesla Model 3 Performance includes a spoiler on the trunk lid

"When we started the Model 3 production ramp, we were transparent about how hard it would be", the representative added.

He said that the Model 3 measures up well against BMW's 3 series and Volkswagen's Golf model, in terms of expected sales volume.

Despite the strong showing, doubts will still hang over Tesla until Musk can prove that the company can consistently make money and realize its production goals. However, only 2,700 cars were made in all of 2017.

While still in early 2017, the company had announced plans before the end of the year to release 5,000 of these electric cars in a week. Tesla is cooperating and has not received a request for testimony, a subpoena, and for many months, there have been no additional document request or any other formal process, said the spokesperson.

The FBI is reportedly suspicious that Tesla made projections about its Model 3 production rates at the time knowing that it would be impossible to meet these goals.

The automotive company is being probed on whether it misstated information on the production of the Model 3, the report said.

Privately developed Chinese rocket, carrying satellite, fails to enter orbit
President Xi Jingping said China could become a "space flight superpower" with a manned space station in orbit by 2022. While Zhuque didn't put the microsatellite into orbit, the Chinese start-up said the launch wasn't a total failure.

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Elon Musk has declared that his series of tweets over taking auto maker Tesla private, which resulted in an investigation by the United States stock market regulator, the Securities and Exchange Commission (SEC), culminating in a fine of $20 million for both him and the company were "worth it".

Tesla hasn't had an easy 2018, thanks to a combination of ramp-up difficulties surrounding the Model 3 and the erratic behavior of its CEO, Elon Musk.

Musk pledged in the summer of 2017 that the company would be churning out 5,000 cars per week by the end of previous year.

Tesla, the automaker that's always lauded for its wonderful success without actually generating money, turned a profit for the third quarter of this year.

The company said it had received "no additional document requests" from the Department of Justice for "months", while supporters almost immediately sought to connect the article with short-sellers, or those investors betting against Tesla's stock price. On a conference call with analysts, Musk said the company had delivered more cars in the past quarter than it did in all of 2016.

Tesla's free cash flow was reported at $881 million during the past three-month period.

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