China and Europe expansion causes big drop in Tesla deliveries

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Cyber security firm discovers that hundreds of millions of Facebook records were exposed on Amazon's cloud servers; Tesla's production and deliveries falling.

The judge gave the parties two weeks to negotiate and come up with a revised agreement. Given the recent miss, meeting Tesla's guidance will require more than 100,000 vehicles built per quarter in 2019, a higher level than Tesla has ever achieved.

But as Musk and the SEC faced off at the Thurgood Marshall federal courthouse in lower Manhattan, they both basically got a talking to from the judge, who ordered Tesla and the SEC to work this issue out amongst themselves.

The singer took the comments in her stride, tweeting thanks to those who offered her long-distance roadside assistance, and even complimenting the "creativity" of the responses.

A NY judge has given Elon Musk and the US Securities and Exchange Commission (SEC) two weeks to work out their dispute over the Tesla chief's misleading tweets, US media reports.

The agency took action after Musk tweeted on February 19 that Tesla would make 500 000 cars in 2019 - up from the 400 000 that the company had estimated until then, an apparent increase on a benchmark tied to profitability.

Mr Musk said, "I'm disappointed that my record label failed".

The SEC did not accuse Tesla of contempt.

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While Tesla has plans to begin building vehicles in China for its burgeoning market there, the company says the fact it has only a single Bay Area factory has led to logistical challenges.

Elon Musk has combined a Twitter joke, a years-old meme and Auto-Tune into a surprise new song called "RIP Harambe", which the Tesla CEO uploaded on the online audio distribution platform SoundCloud.

Deliveries of all models fell 31 percent from the fourth quarter to 63,000 vehicles, including 12,100 Model S sedans and Model X SUVs.

The saga of Elon Musk versus the Securities and Exchange Commission has been going on for what seems like years.

Musk also said in a December interview with "60 Minutes" that he would not allow all of his tweets to be proofread, though he insisted that he planned to comply with the settlement terms out of "respect" for the "justice system".

The SEC accused Musk of contempt over a February 19 Twitter post that it said violated his October 2018 fraud settlement with the regulator.

Musk and Tesla later settled with the SEC. Musk has said he wanted his company SpaceX to develop a rocket capable of an unpiloted trip to Mars in 2022, with a crewed flight two years later. The company goes on to say that the feature has been tested internally and through the Early Access Program (which is basically a beta program for unreleased software features given to a small segment of Tesla owners) over the course of half a million miles.

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