Tesla teases Model Y, promises March unveiling

Tesla got a head start in the premium electric vehicle segment

Tesla got a head start in the premium electric vehicle segment

"I do think I have an issue with time", Musk replied.

'I actually used to ride motorcycles when I was a kid, dirt-biking for like eight years or something.

'So we're not going to do motorcycles'.

Investors also defeated a proposal to require that the chairman be an independent director, according to Todd Maron, Tesla's general counsel, who said the company will release voting results in a regulatory filing within four business days.

"The EV motorcycle market is in its infancy today, but we believe premium Harley-Davidson electric motorcycles will help drive excitement and participation in the sport globally, ' he said earlier this year".

"We did not think these individuals are a credible, independent voice for shareholders". A spokesperson declined to disclose the percentage of Model 3 deposits that have been refunded.

Musk also said that Tesla would start opening its own body shops. Pictured, Valentino Rossi on a Ducati road bike. By then, Tesla's production lines should have worked all the kinks out and be able to ramp up more quickly to a new model.

Like the previous teaser image, the latest depiction of the Model Y is darkened and only shows a portion of the vehicle.

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Speaking during Tesla's 2018 Annual Shareholder Meeting, Musk addressed the room full of investors that range and performance of the Tesla Semi and Roadster prototypes that were unveiled last November will be even better in the final production version.

Musk choked up after taking the microphone to talk about the company onstage in front of investors.

Tesla better prepare for hundreds of thousands of orders.

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 USA, installation of one gigawatt-hour of energy storage, the 2020 production plans for the Model Y and revamped Roadster. "I'm trying to recalibrate as much as possible".

Musk responded harshly to the Reveal report on Twitter, calling it "carefully constructed propaganda".

Tesla and Musk both struggle with regularity to keep Tesla's image in the press positive. That could cut the cost of the Model Y significantly and help assuage new buyers who may not receive a federal tax credit for their electric-car purchase.

"We will definitely offer a $35,000 version of the Model 3", said Musk.

The company's share price climbed more than 7% during trading hours. "This puts Tesla roughly two years ahead of the competition when it comes to battery costs and technology", Korus said.

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