Next-Gen Tesla Roadster To Be "Fastest Sports Car On Every Dimension"

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USA regulators have issued subpoenas to Tesla for information on projections made by chief executive Elon Musk previous year in relation to production of its Model 3 electric auto, the company and Musk have disclosed in a regulatory filing.

"That seemed extremely boring", Musk said of settling for concrete or steel blocks prior to the launch.

Musk was quoted by the website as saying that Tesla will hopefully gain a partial presence in India, Africa & South America end of next year, with broader expansion in 2020. He had earlier said "Would love to be in India".

Musk clarified the current situation in a tweet a few months back, citing challenges with adhering to the Indian government's regulations. Deepak Ahuja, our CFO, is from India.

Time flies when you're cruising through space in a Tesla Roadster, huh?

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Tesla in partnership with Panasonic is the largest electric-car-battery manufacturer in the world claiming nearly 60 per cent of the global production.

If Tesla could find a way to India, the country's automotive sector would see a positive growth, especially in electric vehicle segment. As a auto company, if it was to import and sell its cars here, it would have to charge very high prices - a Model S would cost upwards of Rs 1 crore in India.

Last week Tesla reported its first quarterly profit in two years, with wider margins and positive cash flow.

Adding the mid-priced version of the Model 3 appears to be a strategic way to lure possible buyers who had been waiting for the lower-priced version.

Tesla is already facing a proposed class-action shareholder lawsuit claiming that the company and top executives made false statements about the readiness of the Model 3 for volume production.