Tesla shareholders voted Tuesday to keep Elon Musk in the position of chairman following a proposal to boot him from the board of directors.
“I’ve had the most excruciating, hellish months I’ve ever had. And a lot of other people at Tesla,” Musk told shareholders attending their annual meeting in Mountain View, Calif.
Proxy votes already taken before the meeting showed a “super majority” against the proposal.
Among other items discussed:
Production – All lines are currently operating at a pace for achieving 3,500 cars per week and will hit 5,000 cars per week by the end of the month. Musk said quality and reliability of the Model 3 has improved dramatically since early production. “In the beginning it was a bit bumpy,” he said.
Standard Battery Model 3 – Musk said that a $35,000 Model 3 will go into volume production in Q1 of next year.
Gigafactory Expansion – The company told shareholders that it will announce next month details of a Gigafactory in Shanghai, the first outside of the U.S. Musk also said he expects to make an announcement around a factory in Europe by the end of the year. Going forward, all Gigafactories will be combined for battery, vehicle, and powertrain production.
Tesla Body Shops – Musk said Tesla-operated body shops are currently in the works for 10 U.S. cities that could possibly provide same-day repairs. “There will be a dramatic improvement over cost and time of repair,” Musk said.
Model Y – Musk again said that the company’s all-electric crossover will be debuted in March and will hit roads in the first half of 2020. When a member of P.E.T.A. asked about removing leather from future Tesla steering wheels, Musk quipped that the Model Y definitely won’t have leather “if it does have a steering wheel.”
Musk’s presentation also included a rendering of the Model Y’s profile.
Semi – Musk said tweaks are still being made to the Tesla Semi. In particular, he said there may be some updates to the cab design shown at the debut that is more compliment with requirements worldwide.
A Smaller Vehicle – Musk said he expects the company will produce a compact car in the next five years. But, because of a scary experience where he nearly collided with a truck, Tesla will not produce motorcycles.
Test Drives – Consumers will be able to take a spin in the Model 3 at some Tesla showroom locations by the end of the month. All stores in North America will have cars by the end of next month.
Elon Time – Questioned about frequently missing his projections, Musk admitted to having “an issue with time.”
“This is something I’m trying to get better at,” he said. “I’m a naturally optimistic person. I would not have done cars or rockets if I were not.”
Watch the full presentation here.
“I’ve had the most excruciating, hellish months I’ve ever had. And a lot of other people at Tesla,” Musk told shareholders attending their annual meeting in Mountain View, Calif.
Proxy votes already taken before the meeting showed a “super majority” against the proposal.
Among other items discussed:
Production – All lines are currently operating at a pace for achieving 3,500 cars per week and will hit 5,000 cars per week by the end of the month. Musk said quality and reliability of the Model 3 has improved dramatically since early production. “In the beginning it was a bit bumpy,” he said.
Standard Battery Model 3 – Musk said that a $35,000 Model 3 will go into volume production in Q1 of next year.
Gigafactory Expansion – The company told shareholders that it will announce next month details of a Gigafactory in Shanghai, the first outside of the U.S. Musk also said he expects to make an announcement around a factory in Europe by the end of the year. Going forward, all Gigafactories will be combined for battery, vehicle, and powertrain production.
Tesla Body Shops – Musk said Tesla-operated body shops are currently in the works for 10 U.S. cities that could possibly provide same-day repairs. “There will be a dramatic improvement over cost and time of repair,” Musk said.
Model Y – Musk again said that the company’s all-electric crossover will be debuted in March and will hit roads in the first half of 2020. When a member of P.E.T.A. asked about removing leather from future Tesla steering wheels, Musk quipped that the Model Y definitely won’t have leather “if it does have a steering wheel.”
Musk’s presentation also included a rendering of the Model Y’s profile.
Semi – Musk said tweaks are still being made to the Tesla Semi. In particular, he said there may be some updates to the cab design shown at the debut that is more compliment with requirements worldwide.
A Smaller Vehicle – Musk said he expects the company will produce a compact car in the next five years. But, because of a scary experience where he nearly collided with a truck, Tesla will not produce motorcycles.
Test Drives – Consumers will be able to take a spin in the Model 3 at some Tesla showroom locations by the end of the month. All stores in North America will have cars by the end of next month.
Elon Time – Questioned about frequently missing his projections, Musk admitted to having “an issue with time.”
“This is something I’m trying to get better at,” he said. “I’m a naturally optimistic person. I would not have done cars or rockets if I were not.”
Watch the full presentation here.
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