Thursday, 22 August, 2019

Elon Musk Has Teased a 400-Mile Range Tesla This Week

At Tesla annual meeting Elon Musk softens claims of a robo-taxi fleet next year Tesla Chief Executive Elon Musk appears in a webcast from the company's annual meeting Tuesday
Jean Garcia | 13 June, 2019, 06:37

But he also said that the Model 3 is America's "best-selling vehicle by revenue".

The company hopes to unveil the Tesla pickup truck this summer and hopes to get the Tesla Semi into production by the end of next year. The "Cyberpunk truck" hinted at on a slide is being created to "meet or exceed an F-150 - if the F-150 can do it then a Tesla truck should be able to do it". Production of the commercial vehicle was initially planned for 2019, but has now been pushed back to the end of 2020.

According to Musk, the Model 3 and Model Y will stop using animal-sourced products like leather by next year; right now, both models come standard with leather-covered steering wheels, as it's typically more durable than synthetic fabrics. Nearly as an aside, he then mentioned that Tesla may have to get into the mining business, "a little bit at least", in order to ensure it has access to the raw materials needed to continue scaling battery production. "There is absolutely not", Musk said.

A question-and-answer session concluded the meeting, and it included some noteworthy nuggets.

Musk said Tesla doesn't have a "demand problem".

Prince Philip marks quiet 98th birthday
If the Duke of Edinburgh was still in the center of royal life, he would feel obliged to get involved in their engagements. As reported by Royal Central, your own birthday Philip will also hold away from prying eyes, in the narrow family circle.

A 31% fall in first-quarter deliveries stirred concern among investors over the appetite for Tesla's Model 3 sedans and its cashflow as it invests to ramp-up output and get cars out to customers on time.

But Elon saved the best for last. "The faster you scale, the more cash you have".

Musk said the electric-car maker's ability to expand its product lineup depends on being able to produce a large number of batteries.

The company's latest vehicle is the Model 3, the cheapest ($35 000) and smallest auto it has on sale.

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