Here's the First Picture of the Tesla Model Y

Seminole Management Has Boosted Tesla Mtrs (TSLA) Stake By $12.14 Million, APPALACHIAN MOUNTAIN (HOPS) Shorts Increased By 1900%

Tesla's (TSLA) annual shareholder meeting did not turn into a bitter battle between the board and disgruntled institutional investors.

Tesla shares are up 55% in the past year - and 98% in the last six months - surpassing GM and Ford in market value, despite comparatively miniscule sales and no profits.

While not as limited as Ford's Model T menu, curtailing consumer choice should help speed production of Tesla's highly anticipated, mass-market electric vehicle. By postponing the vehicle launch, the media will pay more attention to the Model Y, thereby boosting the Tesla stocks. At the 2017 meeting today (June 6), fresh off a streak of stock success dating back to December 2016 and with shares continually hitting new heights, Musk was in a good mood answering questions submitted over Twitter and musing about the future of electric transport.

The brash tech tycoon said the electric-car maker - which has famously blown the ambitious production deadlines it sets - was "definitely" on track to start building its mass-market Model 3 next month. The challenge for the company, which has yet to build more than 84,000 cars in any given year, will be to reach high volume production with high levels of quality.

Here are three issues Musk addressed at the meeting.

A group of CT pension funds had called for annual elections, saying it would improve accountability. Musk said that Tesla was now shopping designs around to large freight firms with positive reactions and that the firm would have more than just truck news to share later this year. Musk's brother, Kimbal, is a board member.

Musk is also CEO of SpaceX, the private sector rocket company that carries satellites into orbit and supplies to the International Space Station. Official results of the vote will be released within a few days, the company said.

The Tesla Model Y is a real thing and now we know what it will be: Elon Musk confirmed on Tuesday 6th June that the new Model Y will be a compact SUV. that will use the platform from the upcoming Model 3. Musk is aiming to make 5,000 Model 3 sedans per week by the end of this year and 10,000 per week in 2018. A back-of-the-envelope calculation indicates the number could be close to 500,000. The additional configuration options will happen in stages, as Tesla moves to ensure that everything is done correctly and in the proper manner. The company's vehicles have often faced delays getting to market.

"There's been some criticism that we should sort of do it derived from the Model 3 platform".

Tesla already includes three all-electric variants in its portfolio - Model S, 3 and X, it is now planning to add Model Y to the said lineup.

Musk's talk of another assembly plant is the latest example of the strain ahead for Tesla's balance sheet. The list ranks companies by revenue, and Tesla pulled in $7 billion in 2016. The Model Y will be low-priced SUV equivalent to the Model 3.

Related News:

  • At least 35 bodies found at Manila casino

    The resort was put on lockdown and heavily armed SWAT officers wearing bulletproof vests and body armor descended on the scene. Dela Rosa said security video showed the gunman earlier ignoring a guard who tried to question him at the complex's entrance.

    Facebook's Zuckerberg to give Harvard graduation speech

    During the speech , Zuckerberg noted how people are longing for connection that they used to get from work, church, or community. Well, this is a amusing but a realistic advice by far from Zuckerberg's commencement speech. "It is good to be idealistic".

    Led airstrikes kill over 30 in Syria's Raqqa

    Last week, they reached the northern and eastern gates of the city after intense clashes under the cover of US-led air strikes. The US-led coalition fighting the Islamic State group in Syria has struck pro-government forces, the Pentagon confirmed.
  • Fastenal Company (FAST) Analysts See $0.49 EPS

    The firm has "Neutral" rating by Susquehanna given on Thursday, August 27. (USA) (NASDAQ:SSRI) rating on Monday, September 14. It has underperformed by 18.79% the S&P500.The move comes after 5 months negative chart setup for the $12.43 billion company.
    Virender Sehwag submits `2-line` resume for India's head coach role

    Virender Sehwag submits `2-line` resume for India's head coach role

    BCCI bosses have reportedly snubbed Sehwag's resume and asked him to submit a longer version, an Indian Express report said. Agreed, Sehwag needs no introduction but when applying for India coach job, he should be professional and act accordingly.

    White House aide says Russia probe 'detracts' from agenda

    Just before the meeting began, the White House sent a veiled message toward Senate Majority Leader Mitch McConnell of Kentucky. Comey is scheduled to testify Thursday before the Senate intelligence committee beginning at 10 a.m. that day. "No.
  • White or whole wheat bread? Healthiness of bread depends on you

    White or whole wheat bread? Healthiness of bread depends on you

    The participants were monitored before, during and after the study to determine the health effects of their bread consumption. Prior to the study, the volunteers ate an average amount of bread - amounting to around 10% of their daily calories.

    May jobs report: 4 things to know

    In May, employment in professional and business services, which impacts the office market, continued to trend up (gaining 38,000). The Labor Department said Friday that the unemployment rate fell to 4.3%, from 4.4%, a 16-year low.
    Kremlin denies report of voting software hacking

    Kremlin denies report of voting software hacking

    WikiLeaks publisher Julian Assange called on the public to support victor , adding that the young woman is "accused of courage in trying to help us know".
  • Robert Kubica completes a test with Renault Formula One team

    Robert Kubica completes a test with Renault Formula One team

    And being a 2012-spec auto powered by a naturally aspirated V8 engine, it sounded good. "It was a smooth day", Permane said. Renault reserve driver Sergey Sirotkin is also scheduled to drive the auto in Valencia, perhaps to set a benchmark time.

    Oil prices drop amid Middle East geopolitical tensions

    It expects 2018 daily output to hit 10 million barrels, exceeding the previous record of 9.6 million barrels a day in 1970. Brent crude prices were at $48.40 per barrel, down 3.4%, or $1.72 a barrel.
    She Prodded Her Boyfriend to Kill Himself. He Did

    She Prodded Her Boyfriend to Kill Himself. He Did

    It's okay to be scared and it's normal. "I'm not saying they want you to do it, but honestly, I feel like they can accept it". Last summer, the court ruled that she could stand trial for her alleged role in Roy's death. "I thought he was doing great".

Most liked

Trump promises 'cheaper, faster and safer travel' with private air traffic control
Trump's plan would see a private, non-profit corporation operate and manage air traffic control across the entire US. Finding and reporting problems requires the FAA to turn itself in - a clear, built-in conflict of interest.

Is this Proof Jay-Z is Working on a New Album?
Yesterday (June 5), a new ad, reportedly linked to Tidal as its client, sparked rumors about possible new Jay Z album coming soon. They read "4:44." Although they do not explicitly mention Tidal , the source code for the images includes the phrase "tidal-444".

Comey to testify Trump pressured him to end Russian Federation probe
Former White House staffer Boris Epshteyn confirmed he has been contacted for information as part of the House investigation. CNN's source said that Comey is "happy to testify " and "happy to cooperate".

Aberdeen Asset Management plc's (ADN) Neutral Rating Reaffirmed at Macquarie
The Leavell Investment Management Inc holds 14,888 shares with $1.38 million value, down from 19,886 last quarter. Barclays Capital maintained the shares of SHAW in report on Monday, November 23 with "Overweight" rating.