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Tesla 'quite likely' to meet Model 3 goal; Musk remains chairman

07 June 2018

"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.

Also on the vehicular front, Musk said Tesla would begin offering Model 3 test drives in some of its store locations by the end of the month.

Tesla's released its new Model 3 electric auto in July 2017 with a batch of 30 vehicles sold exclusively to members of staff.

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Musk told him that he rode dirt bikes as a kid, and had a road bike until he was 17, when a truck nearly killed him. "So we're not going to do motorcycles". Tesla has not hit the intended goal of 5,000 cars per week. And an electric motorcycle from a company with Tesla's brand image would certainly have meant a lot of consumer interest, and possibly even sales for the electric vehicle company. If any significant number of "remove" votes are received, it probably signifies an erosion of confidence in Musk on the part of big institutional investors. "But I think we're getting there".

Tesla has repeatedly missed production goals for Model 3, meaning those who have put down a £712 ($1,000) deposit for one of the vehicles may still have to wait until the end of 2018 to get their hands on it.

One of the reasons for Musk's assurance that Tesla is turning the corner on manufacturing is the addition of a third general assembly line that completes the process of putting together the Model 3.

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Musk told shareholders that the Tesla Model Y would be unveiled in March 2019 with production in early 2020.

Tesla better prepare for hundreds of thousands of orders.

Tesla's future profitability hinges on ramping up its affordable sedan but the company has so far failed to meet its weekly target of 5,000 cars due to production bottlenecks. "I'm trying to recalibrate as much as possible". At present, Tesla makes cars south of San Francisco in Fremont and has its lone Tesla Gigafactory, which makes only batteries, outside Reno, Nevada.

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Tesla also showed a design sketch of the upcoming Model Y SUV although little could be seen in the shadowy image and Musk teased that the auto might not even have a steering wheel, stoking some fans' hopes that the vehicle could be fully autonomous.

Tesla 'quite likely' to meet Model 3 goal; Musk remains chairman