"It's very hard to become a mass-manufacturing auto company", Musk, 46, said after shareholders voted down a measure that would have required an independent director replace him as chairman.
Musk also said production lines for the Model 3 had improved their output, with the company expecting its factories to have a "5,000-car week by the end of this month [June]".
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. "This puts Tesla roughly two years ahead of the competition when it comes to battery costs and technology", Korus said.
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.
That goal has always been a moving target for the company, highlighting the troubles the electric vehicle startup has faced ramping up production of its first mass market auto.
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 U.S., installation of one gigawatt-hour of energy storage, the 2020 production plans for the Model Y and revamped Roadster.
Southgate won’t walk England off in Russian Federation despite racism fears
He is expected to start against Costa Rica tonight in what is England's final warm-up game before heading to Russian Federation . Obviously there is a long way to go, but yeah, we've just got to do what we done today.
New Mac App Store revealed
The macOS Mojave release date is scheduled for this fall, most likely in September or October, and as usual will be a free update. The new macOS Mojave has a lot of features found elsewhere that customers have been demanding Apple add to its operating system.
Reading protest part of nationwide Day of Action against new immigration policies
Your contrived photo ops are absurd", another added: "How lucky that you get to do that with your children. They should not be thrown in jail and separated from the very children they are trying to save.
The all-wheel drive version of the Model 3 will come out next month, Musk said.
According to Tesla, shareholders voted to re-elect the three board members and to permit Musk to continue wearing both hats by a supermajority vote.
NBIM in March voted against Elon Musk's proposed pay package, which was valued by Tesla at $2.6 billion and may ultimately become worth much more, although it was still approved by a majority of shareholders.
Also, Tesla will not be building a motorcycle.
Tesla has plenty of new products in the works, but one thing it will never build is a motorcycle, despite Elon Musk's penchant for biker jackets.
Tesla will announce as soon as next month a combined battery production and vehicle assembly Gigafactory in Shanghai, China.