The news comes weeks after Tesla and Musk agreed to pay USD 20 million each as fine as part of a settlement.
The electric carmaker planned a production ramp of 7,000 Model SUVs a week at the plant in Nevada by December 2020, and 5,000 Model Ys a week at its China Gigafactory by February 2021, the website said here, citing documents sent to staff before Tesla's earnings call in October.
Tesla Inc Chief Executive Officer Elon Musk will purchase company stock worth $20 million in the next open trading session, the electric carmaker said in a filing on Wednesday.
The news comes weeks after Tesla and Musk agreed to pay USD 20 million each as fine as part of a settlement with the US Securities and Exchange Commission.
Tesla said the purchase is 'separate and apart from the settlement' between Musk, Tesla and the SEC.
Shares of the company rose 2 per cent in premarket trading.
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