Elon Musk remains chairman of Tesla's board of directors
- Author: Darren Santiago Jun 07, 2018,
Jun 07, 2018, 1:35
The 46 year old billionaire replied: "I actually used to ride motorcycles when I was kid, dirt-biking for like eight years or something".
"We are incredibly excited to build the first Gigafactory outside the United States in China, specifically it is going to be in Shanghai", Ren said.
"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". "As I said before, we do not expect to need to raise any incremental debt or equity". What matters for now is that Tesla is close to hitting its target production numbers (finally!) for the Model 3 and it does begin to feel like the corner is being turned.
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"The biggest constraint on output is general assembly", said Musk. Pictured, Valentino Rossi on a Ducati road bike.
Tesla plans to unveil the Model Y crossover SUV in March 2019, with production launching in the first half of 2020. Among the details was a new teaser shot, which follows an initial teaser released by Tesla last June (shown below). Musk himself owns more than 20% of outstanding shares and institutional investors own another 61%, concentrated mostly in the hands of five large money managers - T Rowe Price, Fidelity, Baillie Gifford, Vanguard and Blackrock. "This is the most excruciating, hellish several months I've ever had. but I think we're getting there", Musk said after it had been decided he would keep his post.
Tesla better prepare for hundreds of thousands of orders.
"Model Y will not have any leather in it, even in the steering wheel.even if it does have a steering wheel", Musk said, according to Electrek. I'm trying to recalibrate estimates. The first Model 3 has already entered that line. Tesla's website says delivery for that configuration takes four to six months.
NBIM - which holds a stake worth about $250m in Tesla and holds 1.4pc of all listed companies globally - is a strong advocate of good corporate governance and its stance is highly influential. That's eased the carmaker's cash burn, but some Model 3 reservation holders sought assurances their wait wouldn't be for naught.