Elon Musk addresses Model 3 at Tesla shareholders meeting

Elon Musk addresses Model 3 at Tesla shareholders meeting

Pioneering electric vehicle maker Tesla will not be making any electric motorcycles, Tesla's founder Elon Musk has said. When that generation III Supercharger launches, said Musk, "we're going to accelerate Supercharger expansion even more".

While no more details were offered, Musk used the meeting to announce a number of updates for Tesla's current and future range. It is now held by Mr. Musk.

Tesla has released a new teaser picture of the upcoming Model Y affordable SUV.

He came under fire last month for refusing to answer questions from analysts about the company's finances, saying "boring bonehead questions are not cool".

"The reliability and capability of Autopilot will increase exponentially over the next six to twelve months", said Musk, as reported by The Verge. The company started building the third line about two weeks ago, and the initial cars are moving through "crazy fast", he said.

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. "This is something I'm trying to get better at". In addition to being Tesla's CEO, Musk is also Tesla's chairman and largest shareholder.

A Tesla Model 3 being assembled. The fully electric five-seat saloon costs $35,000.

More news: IOS 12, macOS, watchOS 5 and more

Although the eco-friendly auto is one of Tesla's more affordable models, those looking to buy the vehicle may be waiting months before they can get behind the wheel.

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. Here are the 5 big things Tesla are doing right now.

Tesla shares traded around $313 per share Wednesday. The firms also have raised concerns about the company's financial performance and the status of Model 3 production.

The company has pointed toward Model 3 production of 5,000 a week by the end of this month.

A 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff, California, US, June 1, 2018.

He added said the electric auto maker will soon produce more batteries at its Nevada Gigafactory than all other electric vehicle companies combined, including those in China.

The Model Y will mimic the business model of the Model 3-a mass-produced, affordable electric vehicle. "We would do so right now if it was physically possible".

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