Elon Musk remains chairman of Tesla's board of directors

Second Measure Second Measure

A new third assembly line Tesla is building at the company's Fremont, Calif., plant should help achieve the goal, he said.

"Our view is that Model 3 production won't happen on a profitable basis until later in 2019; however, as we stated in the past, if the Model 3 hits its targets, the leverage is significant", Needham analyst Rajvindra Gill wrote in a note to clients on Tuesday. While the Model S and Model X are known for price tags starting between $70,000 and $100,000, Tesla has set a $35,000 base target price for the Model 3, with a shorter-range battery, to appeal to a more mid-range, non-luxury-market vehicle customer.

Musk's timeline for the company's upcoming cars seems aggressive given the production issues it has experienced with the Model 3.

A consumer data research organization recently suggested that customers are increasingly requesting refunds on their Tesla orders.

Union-affiliated investment adviser CtW Investment Group had rallied shareholders to reject three Tesla directors it says lack qualifications or independence, including investor Antonio Gracias, Tesla's lead independent director; James Murdoch, the CEO of Twenty-First Century Fox Inc; and sustainable food executive Kimbal Musk, Elon Musk's brother.

"It's insane and I think it's important to show with the Roadster that electric vehicles can outperform a gasoline auto in every way", Musk said during the meeting.

He Said, She Said on UK Prime Minister, Trump Phone Call
As he walked into his weekly cabinet meeting, Prime Minister Justin Trudeau didn't rule out financial aid. He tweeted: "When you're nearly 800 Billion Dollars a year down on Trade, you can't lose a Trade War! ".

Tristan Thompson Abruptly Leaves Interview After Stephen Curry Question
James jumped to catch a pass near Cleveland's three-point line as Stephen Curry and Klay Thompson surrounded him on either side. So after seeing his side beat the Cavs 122-103 to take a 2-0 series lead last night, Kerr trolled James hilariously.

Serena Williams withdraws from French Open before playing Maria Sharapova
Serena Williams's first grand-slam tournament since giving birth previous year has come to an end for her. I've never felt this in my life, this is so painful.

After conceding that "staying alive" is hard in the auto industry, Musk told shareholders that Tesla will be "cash flow positive" during the second half of this year.

Tesla on Tuesday revealed to shareholders that it was working with officials in China to build electric cars and battery packs in Shanghai. Tesla's gigafactory in the USA state of Nevada makes batteries for the company's cars, which are built in northern California.

CtW, along with proxy firms Glass Lewis and Institutional Shareholder Services (ISS), had backed the proposal to separate the chairman and chief executive roles and mostly opposed re-electing the three directors. "At a lot of other companies, they're built by marketing or the finance department and there's no soul".

A 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff, California, US, June 1, 2018. Shares fell as much as 7 percent after Musk's snub, evaporating $2 billion from Tesla's stock market value.

"This is no longer an innovation problem, this is an execution at scale problem - unless Tesla wants to be a niche innovator chasing profitability and sucking up cash", Blank said. Musk owns a 20 percent stake in the company.

Tesla had recommended shareholders leave Musk with both top jobs and argued the directors are qualified.

Related news:

Hot News

isis-killer-beheading-video-story-top Apple announces slew of controls to help with smartphone addiction
Jun 06, 2018 - 09:44
Similarly, if you order coffee every morning from an app on your iPhone, Siri will suggest ordering one every morning for you. Even crazier, Apple has stated that up to 32 different people can take part in a group video chat at the same time.

isis-killer-beheading-video-story-top MacOS Mojave brings dark mode, an organized desktop and new Mac Apps
Jun 06, 2018 - 09:43
Unlike a folder, files in Stacks are directly accessible and you can scrub through them. Even Screenshots have been improved in Mojave with the introduction of a video capture.

isis-killer-beheading-video-story-top Gasquet vows to end losing streak against Nadal
Jun 06, 2018 - 09:25
The 64th-ranked Mischa lost in the third round to 2017 US Open runner-up Kevin Anderson 6-1, 6-7 (3), 6-3, 7-6 (4) on Saturday. He beat Pierre-Hugues Herbert, 7-6 (1), 6-4, 7-6 (4), ending fading French hopes as the evening sun dimmed on Court No. 18.

isis-killer-beheading-video-story-top California the key on big night of primary elections
Jun 06, 2018 - 09:08
Linda and Doug Whisenant of Fresno, small business owners and registered Republicans, said California needs new leadership. While Los Angeles County is heavily Democratic, the error could affect counting in a number of closely watched races.

Arsenal turn down Marouane Fellaini free transfer opportunity
Jun 05, 2018 - 07:55
The player's contract at Old Trafford is set to expire on 1 July, and that means he's free to discuss terms on a move elsewhere. Arsenal are on a tight budget this summer after spending big on Alexandre Lacazette and Pierre-Emerick Aubameyang last season.

Mueller says Manafort tried to tamper with witnesses, hide evidence
Jun 05, 2018 - 06:37
Manafort has been charged with, among other things, conspiracy against the United States and conspiracy to launder money. Mueller adds Person A messaged Person D2 again in April to ask for help connecting Manafort with Person D1.

isis-killer-beheading-video-story-top Gabriela on Duterte kissing OFW: 'Disgusting theatrics of a misogynist'
Jun 05, 2018 - 06:30
President Rodrigo Duterte's trip to South Korea could prove fruitful, as billions of pesos in investments are expected to arrive. While the young woman was laughing and the crowd cheering, comments on the internet were a lot more critical.

isis-killer-beheading-video-story-top Rolling Stone Writer Speculates Melania Trump Being Abused by Her Husband
Jun 05, 2018 - 06:13
She has been meeting with staff and working on upcoming projects, according to spokeswoman Stephanie Grisham . He went on for a minute or so, saying the media was speculating where she has been.

isis-killer-beheading-video-story-top Dolby Atmos is finally coming to Apple TV 4K
Jun 05, 2018 - 05:16
Also with tvOS 12 will be new aerial screensavers from footage shot by astronauts aboard the International Space Station. The upgraded audio experience will be coming to iTunes this fall and will be a free upgrade to applicable media.

isis-killer-beheading-video-story-top MacOS Finally Gets a Proper Dark Mode
Jun 05, 2018 - 04:51
Next up, FaceTime gets an update with Group FaceTime which will now allow you to FaceTime with up to 32 people simultaneously. The feature was demonstrated with previews of image files, a place where surfacing metadata should be particularly useful.

isis-killer-beheading-video-story-top India clocks 7.7 per cent GDP growth for Q4FY18
Jun 05, 2018 - 04:44
Domestic prices of petrol and diesel are near all-time highs, putting pressure on the government to bring down taxes on the fuels. But this did not prevent GDP growth, at 6.7% in 2017-18, from falling to its lowest rate in four years.

isis-killer-beheading-video-story-top High-level North Korean official arrives in NY
Jun 05, 2018 - 04:39
The official was not authorized to speak publicly about the details of the meeting and spoke on condition of anonymity. He told reporters it was "a very nice letter" and "a very interesting letter". "Well, this was a very good meeting".

Cristiano Ronaldo opens up to teammates about his future in Real Madrid
Jun 05, 2018 - 04:01
Meanwhile, the forward will miss Portugal's warm-up game against Belgium, as they prepare for the upcoming tournament. Barca have great players around Messi.

isis-killer-beheading-video-story-top French Open 2018: Alexander Zverev through after scare from Damir Dzumhur
Jun 05, 2018 - 04:01
On Court Suzanne Lenglen, Zverev's smash at the net gave him match point, which he took when Khachanov netted a forehand. In the women´s draw, Australian Open champion Caroline Wozniacki eased past Frenchwoman Pauline Parmentier 6-0, 6-3.

isis-killer-beheading-video-story-top Leaders campaign across southern Ontario a week before voting day
Jun 05, 2018 - 03:36
Wynne after the incident in 2013. "Now, a vote for Kathleen Wynne and a vote for Doug Ford mean the same thing". The NDP, after all, have only formed government once, in 1990.