Tesla Teases Model Y Electric Crossover For Debut Next Year

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"The cars we'll be building in that factory will be incredible", said Robin Ren, Tesla's worldwide head of sales, before declining to offer any more details because the official announcement is still a few weeks away.

The vote comes at the behest of an individual shareholder, Jing Zhao of Concord, California, who owned just 12 shares of Tesla stock - allowing him to attend the meeting and propose a vote on the issue of the chairman seat.

Elon Musk expressed confidence about Tesla achieving the next production goal for its crucial Model 3, predicting that manufacturing will become a strength for the electric vehicle maker over time.

Tesla plans to unveil the Model Y crossover SUV in March 2019, with production launching in the first half of 2020.

Manufacturing has befuddled Tesla ever since Musk, 46, predicted 11 months ago that "production hell" would be ahead for the first vehicle the company was trying to make in high volumes.

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Model 3 production has increased to 500 cars a day, Musk confirmed.

The CEO said it's "quite likely" that Tesla will build 5 000 of the sedans a week by the end of this month. At present, Tesla makes cars south of San Francisco in Fremont and has its lone Tesla Gigafactory, which makes only batteries, outside Reno, Nevada. "At Tesla, we build our cars with love". More than 80 percent of shareholder votes were against the proposal. "I kind of say when I think it can occur, but then I'm typically optimistic about these things".

"We are also concerned about whether these highly paid directors can help the CEO focus on solving the serious financial, production, and labor relations problems now facing Tesla", he added.

'Then I had a road bike until I was 17 and was nearly killed by a truck, ' Musk said. That had represented the strongest challenge yet to Musk's grip on the Silicon Valley electric vehicle maker, which also faces production setbacks and expectations by many analysts that it will need to raise new cash.

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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