Tesla Releases New Teaser Of Upcoming Model Y

Tesla Releases New Teaser Of Upcoming Model Y

Tesla Releases New Teaser Of Upcoming Model Y

CEO Elon Musk took the moment to double down on his vow that Tesla will achieve profitability later this year, declaring he was "expecting positive GAAP net income and positive cash flow in Q3 and Q4".

Musk then added that he still saw a future with 10 to 12 Gigafactories. "This puts Tesla roughly two years ahead of the competition when it comes to battery costs and technology", Korus said.

"In less than a year from now, we will do another Gigawatt (project)".

Musk didn't mention when either vehicle would show, but it's likely that both would come after the Model Y in 2020.

Musk assured shareholders that the Model Y would be unveiled in March 2019.

It usually costs Tesla auto owners $1,000 to upgrade their vehicles with Autopilot, or up to $5,000 to have the feature included at purchase. The gathering of Tesla fans and shareholders capped several rough months for the company as it struggled to meet production numbers, and Wall Street expectations. "In particular, the Tesla Roadster".

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Tesla CEO Elon Musk has revealed that the next-generation Roadster will have a "SpaceX option package" that will upgrade the all-electric supercar's performance to even higher levels. "It's a insane auto". It does show the vehicle will have a reasonably large front grill. "That will get rid of the halo effect of gasoline cars, and that's powerful for the public".

There is also suggestion of a redesign of Tesla's upcoming Semi lorry.

While Musk also holds the titles of founder and chief executive at Tesla, losing the chairmanship would significantly reduce his influence over the company, in which he has a 20% stake. "We'll have a new version of Autopilot rolling out next week, which will have significant improvements", Musk said.

"The reliability and capability of Autopilot will increase exponentially over the next six to twelve months", said Musk, as reported by The Verge. When asked about a question about whether Tesla has any plans of making electric motorcycles, Musk categorically said that it's not going to happen. Currently, the 400,000 reservation holders for the vehicle have had to order without the ability to take one for a spin first.

"The biggest constraint on output is general assembly", Musk said.

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