{"id":1570729,"date":"2022-07-26T05:52:20","date_gmt":"2022-07-26T09:52:20","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1570729"},"modified":"2022-07-26T05:52:30","modified_gmt":"2022-07-26T09:52:30","slug":"tesla-raises-spending-plan-discloses-new-subpoena-on-musks-2018-tweet","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tesla-raises-spending-plan-discloses-new-subpoena-on-musks-2018-tweet\/","title":{"rendered":"Tesla raises spending plan, discloses new subpoena on Musk\u2019s 2018 tweet"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftesla-raises-spending-plan-discloses-new-subpoena-on-musks-2018-tweet%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1570729&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>(Reuters) \u2013     Tesla Inc has increased its capital spending plan by $1 billion, the electric automaker said in a regulatory filing on Monday that also disclosed a second subpoena related to Chief Executive Elon Musk\u2019s go-private tweets in 2018.<\/p>\n<p>The company now expects to spend between $6 billion and $8 billion this year and each of the next two years, up from its previous expenditure plan of $5 billion-$7 billion, as it looks to ramp up production at its new facilities in Texas and Berlin. <\/p>\n<p>Musk had last month said the factories are \u201closing billions of dollars\u201d as they struggle to raise output due to a shortage of batteries and China port issues.<\/p>\n<p>Meanwhile, the latest subpoena by the U.S. Securities and Exchange Commission (SEC) on June 13, has sought information about compliance with Musk\u2019s settlement with the regulator in 2018.  <\/p>\n<p>Musk had settled a lawsuit by the SEC over his go-private tweets by agreeing to let the company\u2019s lawyers pre-approve tweets with material information about the company.   <\/p>\n<p>The company said it will cooperate with the government authorities. The SEC declined to comment. The regulator had first subpoenaed Tesla in November related to the settlement. <\/p>\n<p>The world\u2019s richest person, who calls himself a \u201cfree speech absolutist\u201d, had in March said his \u201cfunding secured\u201d tweet was truthful, likening himself to rapper Eminem in seeking to throw out his 2018 agreement with the SEC. <\/p>\n<p>In June, he also appealed a judge\u2019s refusal to end the  agreement.<\/p>\n<p>The latest subpoena comes as Musk prepares for a legal showdown in October with Twitter for dropping his $44-billion offer to buy the social media company.<\/p>\n<p>In June, the regulator had questioned Musk over a tweet in which he raised doubts over his acquisition of Twitter due to concerns over the number of fake users and spam accounts.<\/p>\n<p>Separately, Tesla\u2019s filing said it converted about 75% of its bitcoin holdings into fiat currency, gaining $64 million in the process, while recording an impairment charge of $170 million in the first six months of 2022.<\/p>\n<p>As of June 30, the fair market value of its digital assets was worth $222 million, it said in the filing. (https:\/\/bit.ly\/3S1k4Bq)<\/p>\n<p> (Reporting by Akash Sriram in Bengaluru; Editing by Arun Koyyur)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/tesla-raises-spending-plan\/file-photo-a-photo-illustration-shows-elon-musks-twitter-account-2\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/07\/tagreuters.com2022binary_LYNXMPEI6O0IF-VIEWIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI6O0IF-VIEWIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) \u2013 Tesla Inc has increased its capital spending plan by $1 billion, the electric automaker said in a regulatory filing on Monday that also disclosed a second subpoena related<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1570729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1570729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1570729"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1570729\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1570729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1570729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1570729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}