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Tesla Annual Shareholders Meeting Summary: Everything We Know

• https://insideevs.com, By: Mark Kane

The most recent Tesla Annual Shareholders Meeting bring us a lot of new info about what is happening at the world's largest all-electric car manufacturer, as well as important confirmation of previously set targets.

Record quarter on the horizon

First of all, Tesla is expecting that current quarter (Q2 2019) to be the record one in history, although at the same time Elon Musk adds that profitability is challenging when the company expands quickly. The answer for that could be to slow down with various projects and note some income, but it's rather not the case in the near future.

We could only add that if manufacturers with close to 10 million car sales annually are looking for mergers and alliances, there is probably no way for Tesla to stop halfway to its first million. The growth is a necessity.

No demand issue

Tesla says that there is no issue with demand as combined demand for Model S, Model X and Model 3 is higher than combined production capacity.

Elon Musk, however, didn't say how the situation looks for the refreshed Model S/X separately to the Model 3.

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