Tesla board overcomes critics as investors back Musk, directors
Jun 07, 2018, 06:27
As Electrek reports, the image was revealed yesterday alongside the latest Tesla shareholders meeting.
"It's very hard to become a mass-manufacturing vehicle company", Musk, 46, said after shareholders voted down a measure that would have required an independent director replace him as chairman.
More than three decades later, the business world is still wrangling with "Elon Time", as one shareholder has labeled it, those confident pronouncements about the timing of deliveries, rollouts and benchmarks that are often unrealistic at best, empty spin at worst (depending on your perspective).
So far, the focus for Tesla in 2018 has been on the Model 3 and improving production.
During a presentation, and more than an hour of questions, Musk seemed buoyant, at times overcome with emotions, as he ticked off the company's achievements: the Model 3's ranking as a top-selling premium sedan in the United States, installation of one gigawatt-hour of energy storage, the 2020 production plans for the Model Y and revamped Roadster.
Tesla has yet to meet its original goal of shipping 5,000 of its Model 3 sedans per week.
Tesla will eventually build 10 or 12 Gigafactories worldwide, said Musk, with the goal of localizing production at least to the continent level. The company's structure requires two-thirds backing for a shake-up. If any significant number of "remove" votes are received, it probably signifies an erosion of confidence in Musk on the part of big institutional investors. The stock had dropped 6.5% this year to Tuesday's close. The goal, said Musk, is to be able to go nearly anywhere on earth using the Tesla Supercharger system.
"Model Y will not have any leather in it, even in the steering wheel.even if it does have a steering wheel", Musk said, according to Electrek. The vehicle starts at $35,000, but now, only the $44,000 version with a long-range battery is available.
When it's available, the Tesla Model Y would take on challengers such as the Jaguar I-Pace, BMW iX3, and Mercedes-Benz EQC, which may beat it to market.
The new teaser is once again a shadowy shot devoid of details but it does provide a glimpse of the proportions of the Model Y, which Musk said Tuesday would be revealed in March 2019 and put into production in early 2020. Presumably, any independent chairman would significantly limit Musk's control over the company going forward.
Tesla Motors CEO and chairman of the board of management, Elon Musk, has staved off a managerial coup that sought to displace him from the company's leadership in light of the company's recent difficulties.
"We did not think these individuals are a credible, independent voice for shareholders".
At the same time , Republicans face the embarrassing prospect of failing to nominate any candidates in marquee races for the U.S. Her campaign received endorsements from an array of labor unions, progressive advocacy groups and several tribal governments.
A man suspected of killing at least four people in Scottsdale, Arizona is dead, law enforcement sources told ABC News . Before news broke Monday morning that the suspect is dead, Silverman had contemplated not coming to work at all.
The European Parliament has urged Saudi Arabia to release all detained human rights defenders in the country. Saudi Arabia on Monday began issuing its first driving licences to women in decades, state media reported.
The company claims that the device covers 108.6 percent of the DCI-P3 colour gamut with a dedicated HDR mode for gaming. ASUS really pulled out the stops with accessories, knowing that gamers like to do stuff that normal users won't do.
Karen Khachanov inflicted more French woe by completing a rain-interrupted win over Lucas Pouille on Philippe Chatrier. Juan Martin del Potro was a victor over former quarterfinalist ALbert Ramos Vinolas 7-5, 6-4, 6-1.
At the same time, the organization announced that a " Miss America 2.0" website and campaign would be launching soon. Miss America has been losing viewers for over a decade, especially among the coveted 18- to 49-year-old demographic.
And YOU get new Gmail! If you don't like the new Gmail experience, you probably won't have a choice in the matter come Fall. Among a whole host of new features, Google will also be changing the Gmail layout in the upcoming update.
A $500,000 winning ticket and a $333,333 winning ticket were each sold in Brampton, according to the Ontario Lottery Group (OLG). Earlier this week, a Lotto 6/49 ticket bought in Coquitlam won $30 million - the largest jackpot prize in B.C. history .
The approach received significant critical acclaim because it told an engaging story and provided lots of replayability. Games sequel would be the tenth game in the long-running franchise that recently peaked with 2016's Hitman .
Earlier Monday, Trump weighed in on the question of whether he could pardon himself for any crimes he might have committed . Giuliani, appearing on ABC's "This Week" Sunday morning, said Trump could pardon himself , though has no plans to do so.
Mattis accuses China of ‘intimidation and coercion’
Last week, the USA withdrew an invitation for Beijing's participation in naval exercises known as the Rim of the Pacific. He Lei, vice president of the People's Liberation Army's Academy of Military Science.