3 challenges Tesla faces as shareholders meet

3 challenges Tesla faces as shareholders meet

That means that the Model Y will likely sport its own platform and technologies.

Connecticut Retirement Plans and Trust Funds had urged fellow Tesla shareholders to vote for a proposal aimed at the declassification of the company's board, arguing that "annual accountability can lead to increased company performance". In fact, Elon Musk apparently said he expects the Model Y to become more popular than the Model 3 - remembering the Model 3 accumulated around 370,000 orders not long after it was unveiled. That would be important with any new vehicle, but it'll be doubly so with the Model 3.

Musk used his forum at the Computer History Museum to review highlights of Tesla's past year and items it has in the works, answering questions sent to him via Twitter. It's really an wonderful product, but it has way too many cool things in it that should have really been rolled in with version two, version three.

Musk told shareholders that Tesla has identified three more locations for gigafactories, and eventually plans to build 10 to 20 worldwide. Tesla made just 84,000 cars past year. Later, Tesla will allow buyers to customize Model 3 in multiple ways once the initial hype dies down and deliveries are done in time.

More news: WatchOS 4: Top 4 new features you need to know from WWDC

We already know the Model 3 will have a significantly lower number of possible configuration compared to the Model S, and that's because production speed is vital for the new sedan.

Elon Musk has unveiled a teaser image for a new addition to his Tesla electric auto line-up. GM beat Tesla to the mass market with the Chevrolet Bolt, a $36,000 vehicle that goes 238 miles per charge.

When it comes to Tesla Inc., perception is reality, and fundamentals and profitability will be "largely ignored" until next year.

Morgan Stanley analyst Adam Jonas, who has a $305 price target on Tesla's stock, says investors need to consider whether Tesla should continue to operate as a stand-alone market disrupter or if it should merge with a bigger entity, like Apple. Earlier this year it surpassed both Ford Motor and General Motors to become the most valuable USA automaker in terms of market capitalization.

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