Tesla's Annual Shareholder Meeting: Demand, Trucks And More

Tesla is serious about a possible record quarter, not so serious about a submarine car

Musk highlighted that most electric vehicles which have been launched recently still can't surpass the range of Tesla's 2012 Model S, and claimed that Tesla should soon offer vehicles capable of traveling for 400 miles on a single charge.

Musk's 90-minute appearance came amid lingering questions about Tesla's finances and his own sometimes erratic behavior since the company held its last shareholder meeting a year ago. He said making one would be a distraction and have a small market.

A 31% fall in first-quarter deliveries stirred concern among investors over the appetite for Tesla's Model 3 sedans and its cashflow as it invests to ramp-up output and get cars out to customers on time.

But ramping production strains finances, and Tesla is increasing output at its US factory, launching production in China, overhauling its USA retail and service operations and developing new models.


"Today they'll put on their best face. but right now there continues to be a very challenging period ahead for Tesla and their need to balance growth and profitability", Ives said. He also said Tesla has a "decent shot at a record quarter" in terms of sales and production. The wild swings in fortune also have rocked Tesla's stock, which has gone from a high of $387.46 last August shortly after Musk said he had line up adequate financing for his illusory buyout, to a three-year low of $176.99 last week.

Tesla was likely to settle on a location for a European factory by the end of the year and expects to start selling in India by next year.

"Sales have far exceeded production and production has been pretty good so we're actually doing well", Musk said. "We can't spend money too fast, you know, we'll run out of it", said Musk.

Related News:

  • Keanu Reeves not touching women is a thing

    Keanu Reeves not touching women is a thing

    And the 54-year-old action hunk shared that the public outpouring of affection for him has 'been really nice and special for me'. It didn't take long for the scene to inspire a new Twitter meme, led by an account called " Keanu Reeves Walking to Music ".

    Apple could buy part of Intel's smartphone modem business

    According to The Information , a bid could see "hundreds of modem engineers to Apple ", offering the company a significant boost. Immediately after the Apple-Qualcomm deal, Intel announced that it would stop developing 5G modems for smartphones.
    E3 2019: Watch Dogs Legion First Gameplay And Release Date Revealed

    E3 2019: Watch Dogs Legion First Gameplay And Release Date Revealed

    Ubisoft has a habit of denying its games are making political statements, despite obvious content and themes saying otherwise. Some NPC's may need your help before they can join DedSec and you can complete their task to get them to join your cause.
  • Canada: 'Free Willy' bill bans dolphin and whale captivity

    Canada: 'Free Willy' bill bans dolphin and whale captivity

    The Vancouver Aquarium bowed to public opposition a year ago and said it would no longer keep dolphins and whales for display. The new law also shuts down the cetacean trade by banning the import and export of whales and dolphins.
    Boris Johnson launches bid to become UK Prime Minister

    Boris Johnson launches bid to become UK Prime Minister

    Three candidates Andrea Leadsom, Esther McVey and Mark Harper were eliminated as they failed to secure at least 17 votes. He said: "Thank you to my friends and colleagues in the Conservative & Unionist Party for your support.
    Sergio Ramos Gives His Opinion On Eden Hazard Signing

    Sergio Ramos Gives His Opinion On Eden Hazard Signing

    After reaching the semi-finals in 2014, Chelsea have not gone past the last 16 in the last five seasons. Neither Bale nor his agent Jonathan Barnett have spoken to the club since the end of the season.
  • How do you cut down on single-use plastics?

    How do you cut down on single-use plastics?

    The initiative includes requiring manufacturers of plastics to be responsible for the entire life cycle of their products. Canada has the longest coastline in the world and is home to one-quarter of the world's freshwater, Trudeau points out.
    Visa Launches New Blockchain Payments System To Compete With Other Companies

    Visa Launches New Blockchain Payments System To Compete With Other Companies

    By implementing the blockchain , Visa will facilitate instant transactions while also recording them on a ledger if needs be. Visa says Bottomline and FIS are now working with their respective bank clients to integrate Visa B2B Connect .
    Jessica Biel joins campaigner lobbying against Californian vaccination law

    Jessica Biel joins campaigner lobbying against Californian vaccination law

    Actress Jessica Biel has joined the parade of prominent Hollywood actors who are opposing mandatory vaccinations for California. SB 276 , which is now under review, is a California state bill that seeks to limit medical exemptions from vaccinations.
  • PM Khan to attend Shanghai Cooperation Organisation summit today

    PM Khan to attend Shanghai Cooperation Organisation summit today

    United States government - the supplier of F-16 planes and parts - has however verified that Pakistani stock of F-16s is complete. On his meeting with the Russian President, the Prime Minister said, he had a wonderful meeting with Mr Vladimir Putin.
    Barcelona superstar Lionel Messi highest earning athlete on $192 million

    Barcelona superstar Lionel Messi highest earning athlete on $192 million

    His only fight since August 2017 was an exhibition boxing bout against Japanese kickboxer Tenshin Nasukawa in December. The Portuguese footballer stands second behind his counterpart with an earning of Dollars 109 million.
    Season two of 'Russian Doll' announced by Netflix

    Season two of 'Russian Doll' announced by Netflix

    However - and this is a crucial "however" - there is the question of content when it comes to Russian Doll season 2. The show follows Nadia (Lyonne) who lives in NY and is celebrating her birthday.


Most liked

Taylor Swift - "You Need To Calm Down"
Swift also announced that the second single from the album, " You Need to Calm Down ", will drop at midnight Friday. Also, if Target is your thing, there are FOUR deluxe editions which each feature "completely unique content".

US blames Iran for attacks on 2 tankers near Persian Gulf
Iran has fiercely denied the USA assertions, with its mission to the United Nations condemning what it called unfounded claims . Washington has dispatched the destroyer USS Mason to the scene "to provide assistance", CENTCOM said in a statement.

Koepka oozing confidence in bid for U.S. Open three-peat
Wise carded a five-under 66 at Pebble Beach, sitting in a four-way tie for second and a shot behind outright leader Justin Rose . It was an ideal start for Rose and for the USGA, which wants a smooth ride after four years of various mishaps in the U.S.

Donald Trump Flaunts 'Secret' Migration Deal Already Revealed By Mexico
That's become a free pass to enter the US , with more than 60 percent of the illegal traffic last month made up of families. If Mexico were to be a safe third country , migrants' asylum applications would be processed there rather than in the US.

Nadal celebrates with ball kids in Paris
Before the French Open , he had given up lost three Matches on clay, prior to or at the tournaments in Brisbane and Indian Wells. Then I played the way I should play in the second set, very aggressive. "After two sets, I dropped a little bit in my level".

Huawei Delays Laptop Release Due To Trade War
When asked if the laptop would be launched at a later date, Yu said it "depends on how long the Entity List will be there". Richard Yu, the consumer division CEO, confirmed to CNBC that the laptop would not be released, calling it "unfortunate".

Konami unveils TurboGrafx-16 mini game console
Fans of the Turbografx-16 were in for a nice surprise today as Konami announced that it will be releasing the Turbografx-16 Mini. While the console itself will be a palm-sized miniature, the controller will be full-sized.

President Trump says press secretary Sarah Sanders is leaving the White House
She's a patriot who worked tirelessly every day to deliver on @POTUS' America First Agenda. "She would be fantastic", he said. Mike Huckabee will join Fox News tonight, where he is expected to discuss his daughters' departure.

Second Woman Comes Forward In Cuba Gooding Jr. Groping Case
He was seen arriving at the Special Victims Unit in the early afternoon, smiling as he entered the building with his lawyer . Gooding said Tuesday that he was partying at the bar, but didn't touch anyone inappropriately.

Sleeping with your TV on could make you gain weight, study says
New research has found that going to sleep with your TV on or laptop open may put you at risk of weight gain. . Globally, 1.9 billion adults are overweight or obese, according to the World Health Organization.

Luigi Mansion 3 Gameplay Features a Large Hotel Structure and Multiplayer
Gadd's latest Poltergust G-00, Luigi must capture the unearthly inhabitants, battle foes, and search for his missing friends. Gooigi also returns in Luigi's Mansion 3 , and this time is able to perform different functions from normal Luigi.

HTC Desire 19 Plus 128GB Expected Specs, Release Date June 2019
Talking about the battery , it is fuelled by a 3,850mAh battery on board, which is highest in the history of the Desire series. Last but not least, this smartphone also includes HTC BoomSound speakers with Hi-Fi Ultrasound output.

Memphis mayor: 6 officers treated at hospital
Within hours, however, violence broke out and police deployed riot shields. "A concrete wall outside a business was torn down". At least 24 officers and deputies were injured--6 were taken to the hospital. "No officers were injured".

American Airlines extends Boeing 737 MAX cancellations, affecting 115 flights
Asked last month it is realistic that the 737 MAX could be flying again by August, Elwell declined to be specific. It said it extended the timeframe to allow its clients and crews 'to more reliably plan their upcoming travel'.

UK Home Sec kick-starts USA request to extradite ex-WikiLeaker Assange
WikiLeaks founder Julian Assange leaves Southwark Crown Court after being sentenced in London , Britain, May 1, 2019. When the decision was upheld by the Supreme Court in May 2012, Assange sought refuge in the Ecuadorian embassy.