3 challenges Tesla faces as shareholders meet
- Author: Regina Walsh Jun 08, 2017,
Jun 08, 2017, 1:38
That means that the Model Y will likely sport its own platform and technologies.
Sure, Tesla did share an image of the auto during a shareholder meeting at the Computer History Museum in Mountain View, California, on Tuesday, but it doesn't show much, except that the vehicle will have a front window, and, probably, headlights.
Traders will be watching to see if Tesla can maintains its bullish momentum with the stock's RSI already at the overbought level of 73.4.
We can expect the auto to feature drastic changes, as Elon Musk, the CEO of Tesla, had previously stated that the Model Y would not feature the 12-volt electric architecture found on all cars today. Above is our first look at its latest model - a smaller sibling to the Model X SUV, which will be dubbed the Model Y. The California-based electric auto manufacturer has divulged some details to accompany the cryptic picture, too.
Musk used his forum at the Computer History Museum to review highlights of Tesla's previous year and items it has in the works, answering questions sent to him via Twitter. - Elon Musk at Shareholder Meeting.
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Tesla hasn't even shown people the public the real Model 3 yet and it's already planning a auto to follow. The company said that it would increase the number of stores and service centres by 30 per cent this year, but at the start of 2017 it had just 250 worldwide.
For safety's sake, Tesla CEO Elon Musk says he'll personally perform every task on the Tesla Fremont factory line that has led to a reported injury at some point in the past. That leaves many potential owners miles from a service centre. Take wing mirrors, for example: The Guardian reports that "Tesla's new Model Y electric SUV teaser image sparked controversy over its wing mirror-free appearance", which, like, come on. Audi plans to introduce an electric SUV with 300 miles of range next year; Ford will have one by 2020.
Since its June 2010 debut as a public company, Tesla has conducted 10 offerings of new equity or debt, according to data compiled by Bloomberg.
The company's first mass-market vehicle, which could be priced from $35,000, has received enthusiastic response from buyers with hundreds of thousands of buyers reserving the auto with a $1,000 payment upfront.