Published: Sat, June 15, 2019
Markets | By Otis Pena

China could see more Tesla factories: Musk

China could see more Tesla factories: Musk

Tesla's plan to launch the truck in 2020 remains still intact, and Musk "hopes" to reveal it this summer.

Musk told shareholders on Tuesday that Tesla was on track to hit its volume production goal for the end of this year and had "a decent shot at a record quarter on every level".

Musk said it "won't be long" until Tesla releases a vehicle with 400 miles of battery range. The shares climbed more than 3% to $224.40 in Tuesday's extended trading after Musk's prediction. After a grand revelation in April 2017, we haven't heard much about it, except reports that Tesla is having trouble producing it. Musk has touched on that subject, too, saying that the company is now installing it in eight states.

Quite the opposite, says Musk, who at the end of May appealed to staff via email to do their bit to ramp up production to turn the company around from its previous quarter.

Finally, Musk has confirmed that Tesla cars are (partially) going vegan, even though there are some challenges over heating non-leather materials (especially on the steering wheel). 3 of the most advanced carmakers in the world, in terms of power efficiency, as measured in terms of miles per kWh.

Huawei's Hongmeng OS expected to be released in October
The company, also the world's second-largest maker of smartphones, has not yet revealed details about its OS. It also filed an application in Peru on May 27, according to the country's anti-trust agency Indecopi.

Then Tesla's production and sales slipped during the first three months of this year.

As Tesla increases battery production, it will have to consider parts of the supply chain, like mining.

Among other things, Musk has tangled with stock market regulators about a tweet dangling a buyout of Tesla that never materialized, and broken a pledge to make Tesla consistently profitable. "The faster you scale, the more cash you have".

Here is the video of the complete Tesla shareholder meeting, hear it for yourself. Light support is at 204.86 and the start of Strong overhead resistance/s is at 229.68.

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