Tesla Model Y Teaser Released

Tesla Motors CEO Elon Musk unveils the company's newest products in Hawthorne Calif. Tesla Inc. is riding high as it hosts its annual shareholders’ meeting Tuesday

The meeting took the lid off new updates on Model 3, Model Y, and the Tesla Semi, while also providing updates on more mundane business matters.

Tesla will build 10 gigafactories, or as many as 20 gigafactories in the future.

His usual platform is Tesla's annual shareholder meeting, but yesterday, he didn't deliver much by way of reveals.

But the company is not without its challenges.

Before a prototype even existed, Musk was using the solar roof to relay his vision of a solar ecosystem that includes Tesla's at-home battery, the Powerwall, and its line of electric vehicles.

A group of CT pension funds had called for annual elections, saying it would improve accountability. The motion sought to emphasize the Board's independence from Musk and increase accountability to shareholders.

But unlike Tesla, SpaceX is a private company and thus not eligible for the Fortune 500.

M - When Tesla sells its first Model 3 in July, the sedan won't be available in many configurations like the pricier Model S and Model X.

But whether Tesla can meet its production goals is an open question, experts say.

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Both will have all black faces framing the FullVision display and a lenticular film on the back to create an " optical " effect. What's more, there will be a brand new pair or B&O Play earphones in the box to bring out the best in the phone's hi-res audio.

Range: The Model 3 is expected to run 215 miles on a single charge.

"There are a number of really major manufacturing improvements that can be done that allow us to build a vehicle in a way that a car's never been built before", Musk said, adding: "I think actually we made a mistake in trying to derive the Model X from the Model S platform".

Despite that rejection, Musk repeated an earlier promise to add more independent directors, saying that candidates have been identified and shareholders can expect two or three new directors announced in the next few months. As for the interiors, Musk has previously indicated the auto will have a spaceship-like dashboard. To justify a high-flying stock valuation, the Model 3 must sell well in large numbers.

In late 2015 and early 2016, the Tesla Model X went through a huge shortage, when deliveries were delayed by weeks, even months, because the vehicle was so slow off the production line. "We are doing our best to do this ramp", he said.

The shadowy teaser image depicts a conventionally-shaped vehicle with a hood and swept-back windshield, and the top of what appears to be a new front fascia design. But that's changing, The Seattle Times points out. "With the next release of software, which is maybe as soon as next week, we will finally exceed the experience of the Hardware 1 cars, and then it's going to advance very rapidly from there". Tesla has had only two profitable quarters in its seven years as a public company.

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But Musk gave no hint that Tesla is anxious about competition or is planning a merger.

A Tesla showroom in Santa Monica, California.

As the SUV boom appears to be the norm, rather than a short-term trend, the Tesla Model Y could overtake the Model 3 as the Californian EV company's best-selling model.

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