Elon Musk has been missing deadlines since he was a kid

Second Measure Second Measure

Responding to a question about compact [Golf size] and sub-compact [Fiesta size] cars, Musk told the Tesla shareholders' conference: "I think we'll do a compact vehicle in less than five years".

We are just a few weeks out before the end of the quarter, which means that he has good insights into the status of the production going into the third quarter.

At Tesla's annual shareholder meeting yesterday Musk said the firm's future was firmly on four wheels. The Model 3 is supposed to start at around $35k, though Tesla has yet to begin delivering those base-spec versions.

'I actually used to ride motorcycles when I was a kid, dirt-biking for like eight years or something. "Then I had a road bike until I was 17 and was nearly killed by a truck", Musk said.

It usually costs Tesla auto owners $1,000 to upgrade their vehicles with Autopilot, or up to $5,000 to have the feature included at purchase.

"Despite a lot of difficulties, all parts of the Model 3 production system have demonstrated a 500 auto per day capability or a 3500 per week capability". In less than one year from the date of the 2018 shareholder meeting, said Musk, Tesla will have installed its next 1 gigawatt-hour.

Musk also said had a road bike until he was 17 and was nearly killed by a truck.

Trump Says June 12 Meeting With Kim Jong-un Is Back On
Trump wrote in his letter last week that the talks would be "inappropriate" following the "hostility" from North Korea. Kim Yong Chol is the highest ranking North Korean official to visit the United States in almost two decades.

Tesla will eventually build 10 or 12 Gigafactories worldwide, said Musk, with the goal of localizing production at least to the continent level.

"We did not think these individuals are a credible, independent voice for shareholders".

The Model Y is expected to be a scaled-down Model X riding atop the Model 3's platform, complete with falcon doors and all, according to reports.

Tesla better prepare for hundreds of thousands of orders. "This is something I'm trying to get better at".

Short sellers were piling into Tesla to bet against the stock at the end of March as concerns mounted that Tesla would fall well short of its production quota of 2,500 Model 3 units per week, while also betting the company would need to raise capital, further pressuring shares.

Perhaps most notable was in the announcement was news that Tesla will bring a compact vehicle to market within the next five years.

Meanwhile, Musk said that Tesla's next mass-market vehicle, the Model Y, won't be fully revealed until next spring, with production set to follow in the first half of 2020.

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