Elon Musk keeps grip on Tesla, promises to solve production problems

Elon Musk keeps grip on Tesla, promises to solve production problems

Additionally, we know that the Model Y will use the same platform as the Model 3 and could feature falcon wing rear doors like the Model X.

Tesla released the first teaser image of the Model Y at the company's 2017 Annual Shareholder Meeting in June a year ago.

Tesla Inc. should release more information than Elon Musk gave shareholders to set the record straight on the electric-car maker's work-safety record, according to former occupational health officials who worked under the Obama administration. "No one has succeeded in doing this in a very long time in the USA".

Musk said it likely won't be widely available until the beginning of 2019, as Tesla focuses on building and selling the more expensive versions of the sedan during its production ramp up, in an effort to maximize revenue. Tesla has not hit the intended goal of 5,000 cars per week.

That goal has always been a moving target for the company, highlighting the troubles the electric vehicle startup has faced ramping up production of its first mass market auto.

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Tesla and its high-profile, tweeting CEO have been under the microscope in recent months after a spate of negative press over vehicle crashes, the company's cash position and the leadership style of Musk, who has snubbed financial analysts and publicly castigated the media.

"I'd probably put some sandbag on future dates; that's probably wise", Musk said. Tesla's 2017 injury rate at its assembly plant in Fremont, California, was equivalent to the most recently published industry average, the company said in a February blog post. In an earlier letter, the company said Model 3 net reservations surpassed 450,000 at the end of the first quarter.

Speaking about the company's failure to reach production goals, the CEO and chairman said that Tesla is more about love than finance.

The all-wheel drive version of the Model 3 will come out next month, Musk said. The vehicle starts at $35,000, but now, only the $44,000 version with a long-range battery is available.

Smaller cars took top billing in the announcement, with the Model Y confirmed for reveal in March 2019 and production in the first half of 2020. But Musk is no stranger to tongue-in-cheek comments that become a reality. "But I think we're getting there".

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