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.

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