Self-driving Teslas are about to get much more expensive

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Elon Musk and his lawyers were appearing before a federal judge in NY that will choose whether the Tesla CEO ought to be kept in contempt of court for violating the arrangement with all the U.S. Securities and Exchange Commission.

The SEC needs Nathan to Musk for violating a settlement requiring his tweets to be approved by a lawyer should they disclose company facts that are significant. The CEO didn't give details how much the price would increase, one Twitter follower asked would it be something around +$3,000, to which the Musk replied "somewhere around". A USA judge gave the two sides until April 18 to meet for at least an hour and resolve their differences.

Shares of Tesla are flat in premarket action at $267.35. If they can't, she'll rule whether Musk is in contempt.

"Pana cell lines at Giga are only at ~24GWh/yr & have been a constraint on Model 3 output since July", Musk wrote in a tweet April 13.

The issue over Musk's tweets goes back to a settlement reached past year after Musk tweeted that he had secured the funding to take Tesla private at $420 a share - a substantial premium over the price at the time - when he did not.

A USA judge has given the two until April 18 to resolve their differences or she will rule whether or not Musk is in contempt of court.

More news: Failure to Deliver Brexit Led to Huge Frustration in The UK

As of Wednesday's close, Tesla shares were down 12.3% up to now this season. The SEC accused the chief executive officer of securities fraud, and Musk settled.

Musk's legal team has argued that he retained discretion to determine whether he was sending out material information or not, and that his February 19 post about Tesla's 2019 production was consistent with comments he made weeks earlier on an earnings call.

The tweet that prompted the SEC move said that Tesla will manufacture half a million cars this year.

"Everybody take a deep breath, put your reasonableness pants on and work out this", Nathan stated.

The lawyers of CEO shot back at regulators on Monday night, arguing that the was broadly overreaching and infringing on Musk's First Amendment rights by seeking to hold him in contempt of court.

After Nathan encouraged both sides to agree that Musk attended, the order comes.

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