Elon Musk Estimates Tesla’s $35,000 Model 3 Will Arrive Midyear

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Tesla CEO Elon Musk on Sunday night talked Twitter, Tesla and his disrespect for the US Securities and Exchange Commission during an interview on 60 Minutes. Musk made it clear that, despite a settlement that requires "mandatory procedures... regarding oversight of communications relating to the Company made in any format, including but not limited to, posts on social media (e.g Twitter)", no one is looking over his shoulder or telling him not to tweet.

"I wanna be clear", Musk tells correspondent Lesley Stahl, "I do not respect the SEC". The part that requires pre-approval of communications that could affect the stock price technically must be in place by December 28, the company said.

"It's not realistic in the sense that I am the largest shareholder of the company and I can call for a shareholder vote and get anything done that I want", Musk said.

The charges stem from a tweet the 47-year-old billionaire wrote in August, which detailed plans to take Tesla private.

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Musk said he uses Twitter to express himself and that his tweets aren't supervised unless they would cause the stock to move. "We think it's the most serious problem that humanity faces", said Musk.

"I think there was like literally one week where I actually worked 120 hours and just didn't leave the factory".

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He then further added "He's never had a season like that before, and he wants to have the season again". That went well in the second half.

In a statement from Tesla to Ars on Monday, the company told us that "We can confirm the settlement is being complied with".

"I am the largest shareholder of the company", Musk proclaimed.

Musk reached a settlement with the SEC in late September that required him to pay $20 million and step down as Tesla's chairperson for a minimum of three years.

When Musk was asked if he would like to go back to being chairman, he replied, "I prefer no titles at all". Musk on nearly bankrupting Tesla to meet Model 3 production goals:There's been relentless criticism-relentless and outrageous and unfair.

Tesla makes the all-electric Model S, Model X and Model 3 at its sole auto plant in California, which it bought from a joint venture operated by GM and Toyota Motor Corp.

Musk said the long-awaited $35,000 version of the Model 3 will "probably" be available in five to six months.