Tesla envisions ‘partial presence’ in India by 2019 end

Hot Wheels Tesla'Starman car

Announcing major improvements for Tesla's Autopark (Summon) feature, CEO Elon Musk has said the company's electric vehicles would be able to find a parking spot and even read signs for parking instruction to avoid tickets by next year.

Mr Musk's comments came a day after Apple released the results for its fiscal 2018 fourth quarter ended September 29.

Mark Truby, Ford's vice president of communications, then responded to Musk on Twitter, alluding to the new production line Tesla built this summer under a temporary, tent-like structure and taking a veiled shot at Tesla's production issues.

Tesla vehicles now have a basic summon capability, which allows the driver to tell the auto to inch forward or backwards from outside the vehicle using a smartphone.

When the Model 3 was launched in 2017, the company was optimistic about quickly ramping up production of the highly anticipated model.

Elon Musk, the Chief Executive Officer at Tesla, says that he has deleted his titles at Tesla.

Tesla finally met that target in June of this year.

Elon Musk, today revealed that the company's plans to expand its overall market beyond North America, Europe, and China.

In the latest SEC filing, the company said it has received subpoenas in connection with "certain projections that we made for Model 3 production rates during 2017 and other public statements relating to Model 3 production".

Tesla has until November 30 to replace Musk as chairman of the board, and until January* to add two independent directorse, as per its settlement with the SEC.

Last week, investors were cheered by the company's third-quarter net profit, wider margins and positive cash flow, which sent shares climbing. Musk said. "Ford and Tesla made it barely through the last recession".

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