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3 challenges Tesla faces as shareholders meet

3 challenges Tesla faces as shareholders meet”

The Model Y will likely be built at a new location.

The annual meeting opened with Tesla's general counsel announcing investors voted against a shareholder measure to declassify its board, meaning directors would have been subject to annual elections rather than voted on every three years.

Traders will be watching to see if Tesla can maintains its bullish momentum with the stock's RSI already at the overbought level of 73.4. In fact, Elon Musk apparently said he expects the Model Y to become more popular than the Model 3 - remembering the Model 3 accumulated around 370,000 orders not long after it was unveiled. Above is our first look at its latest model - a smaller sibling to the Model X SUV, which will be dubbed the Model Y. The California-based electric vehicle manufacturer has divulged some details to accompany the cryptic picture, too. As Tesla begins its transition from niche automaker to industry dominator, it needs to prove that it has the discipline and foresight to set and meet production deadlines.

At the shareholders conference, Musk commented that the Model X was 'like a Faberge Egg of cars'.

Apple's new iMac Pro rocks 18-core CPU, Radeon Vega GPU
Meanwhile, the 27-inch 5K model will have a choice of Radeon Pro 570, 575, and 580 graphics cards, topping out at 8GB of VRAM. The truly insatiable will be able to add 128GB of ECC RAM and 4TB of PCIe SSD storage to their iMac Pros , as well.

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Pregnant Serena Williams on hand at French Open as a spectator
The 23-time major champion watched her big sister, Venus , beat Kurumi Nara of Japan 6-3, 6-1 to advance in their second round match Wednesday.

Tesla maintains firm control of its used vehicles, which over time has created a dearth of supply amid steady demand. Tesla wants to resolve that by providing buyers an 8-year infinite mile guarantee, which can reassure those interested in buying the vehicle.

Some on the Street are modeling demand at between 5,000 and 20,000 Model 3 sedans delivered this year, the analysts said, versus company assumptions of delivering 40,000 to 70,000 cars. Model S and Model X owners are already anxious about having to share Tesla's Supercharger stations with an influx of new cars.

The all-electric Tesla Model S will be priced at $35,000 (significantly cheaper than the company's other vehicles), and will have a total range around 346 miles per charge. Tesla has had only two profitable quarters in its seven years as a public company.

The 14-year-old Tesla has no experience producing and selling vehicles in high volumes, making just 84,000 cars last year compared with rivals such as GM, Volkswagen and Toyota, which routinely sell more than 10 million per year.



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