Elon Musk says $20 Million Tweet fine was worth it

The Tesla Model 3 Performance has two electric motors producing a total of 450 horsepower

According to the media outlet, Tesla representatives stated that they would cooperate with the authorities on the matter.

The investigation, led by the USA attorney's office in San Francisco, will compare the company's statements spanning over the past two years with its production capability, the Wall Street Journal reported.

However the company has defended its forecasts.

The company blames grossly missing production goals on "difficulties that we did not foresee".

Chief Executive at Tesla Inc, Elon Musk has said that the $20 million fine imposed on him and the company by the U.S. Securities and Exchange Commission was "worth it", following a tweet. A follow-up Tweet from a United Kingdom deposit holder asked when the RHD Model 3 would be arriving in the United Kingdom, to which Musk replied "Same"'.

Tesla Inc has not received a US subpoena related to its Model 3 production forecasts, the electric automaker stated on Friday, after a report that it dealt with a deepening criminal investigation about the projections.

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Tesla spokesman Kamran Mumtaz has said that Tesla has not received a formal subpoena, request for testimony, or any other official process.

Musk even seemed to invite a dig through documents via a Freedom of Information Act request in an effort to prove his case. He also said Tesla expected to remain profitable in the next quarter and for "all quarters going forward", except those in which large debt payments are due.

According to the newspaper, the Federal Bureau of Investigation contacted former employees of the company to interview them. The FBI also reportedly sent out subpoenas to ex-employees and sought interviews with them in order to better determine whether Musk's statements were made with the knowledge that there was no way they could be true. At that time, the company's founder Elon Musk sawlaw that the company is able to produce up to 5 thousand cars per week.

The FBI is now comparing the company's statements with its production capability during 2017.

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

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