Tesla Teases Model Y Electric Crossover For Debut Next Year

Tesla CEO Elon Musk unveils the Roadster 2 during a presentation in Hawthorne California

Tesla's CEO, founder, and chairman Elon Musk attempted to brush aside criticism and focus on a positive future for the company, but were the detractors convinced?

Tesla has faced a number of challenges this year, including questions about its financial health, a missed production target for its Model 3 sedan, and concerns about working conditions at the California factory where it assembles its cars. Ordered today, wait times for Model 3s with the existing configuration would be three or four months, said Musk.

"We are incredibly excited to build the first Gigafactory outside the U.S. in China, specifically it is going to be in Shanghai", Ren said. "I kind of say when I think it can occur, but then I'm typically optimistic about these things".

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"This is the most excruciating hellish several months I've ever had. but I think we're getting there", he told investors.

Musk's success wil come as an encouraging vote of confidence as he seeks to accelerate the production of the Model 3. The gathering of Tesla fans and shareholders capped several rough months for the company as it struggled to meet production numbers, and Wall Street expectations. Three other directors; Antonio Gracias, a private equity investor; James Murdoch, CEO of 21st Century Fox and Kimbal Musk, Elon's brother, were also re-elected as members of the board.

In addition to the usual company presentation on operations and a likely Q&A session for investors, the most pressing issue on the agenda is a vote to require that the position of Chairman of Tesla's board of directors be filled by an independent party.

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Before the meeting started, one shareholder said the current board was "an obstacle, not an aid", to the electric vehicle makers success. "Then I had a road bike until I was 17 and was nearly killed by a truck", Musk said. It now looks as though 5,000 per week is going to be achieved before the end of June.

The aggressive energy storage deployment is possible because of the massive scale of the Gigafactory.

As Tesla's 'Autopilot' feature remains in the news for all the wrong reasons, the company is looking to release a free trial of its self-driving software in the coming months, in a bid to improve public trust in its capabilities.

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Not one to pause and take stock, Elon Musk is already teasing what comes next, and therefore we've got a new concept image of the Model Y to look at.

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