New Tesla Model 3 orders unlikely to ship before end of 2018

Image Credit Feuerwehr Munchen  Facebook

Image Credit Feuerwehr Munchen Facebook

Perhaps most exciting of all was what he had to say about Tesla's forthcoming electric semi truck.

During an upcoming investors conference, CEO Elon Musk confirmed that a new smaller SUV to sit underneath the Model X is planned for production some time in 2019. Tesla continued its incredible 2017 momentum heading into the highly-anticipated release of the Model 3, which is expected to begin production this summer. Musk also reaffirmed Tesla's goal of driving a fully autonomous vehicle from a parking lot in California to New York City without touching the controls at any point along the way. Tesla is aiming to make 5,000 Model 3s per week by the end of this year and 10,000 per week in 2018. Musk revealed that Tesla's Model 3 - the first production model should be delivered sometime next month - isn't going to be very configurable at first.

The Model Y, which is a name given to a planned crossover, will be built on a new platform and in a totally new factory, said Musk.

One prediction? The Model Y has... But no electric plane, yet.

According to Musk, the Model Y is scheduled to debut in 2019. Having said that, the Model Y is actually a good idea, as the crossover market is probably the hottest automotive market at the moment.

He also points to major manufacturing improvements that can be done, "that allow us to build a auto in a way that's never been built before". Musk said Tesla's worker injury rate is actually 32 percent below that of the auto industry and getting better, due to changes such as having three working shifts instead of two, which has cut down on workers being exhausted and losing focus on the factory floor. Yup, a cargo-hauling, purely electric semi-truck will come from Silicon Valley.

Musk has now only shared the first computer render of Model Y, while we're expected to receive a better glimpse at the vehicle in the coming year or so. This is in part made possible from the company's move away from its current standard 12-volt battery architecture. That's a 23% increase from where the stock now stands and just ahead of Tesla's all-important Model 3 launch.

Tesla is scheduled to hold its annual shareholder meeting at 2:30 p.m.

Despite that rejection, Musk repeated an earlier promise to add more independent directors, saying that candidates have been identified and shareholders can expect two or three new directors announced in the next few months.

"You'll have a long wait if you haven't place a $1,000 deposit (yet)", Musk said.

US employers add modest 138K jobs; rate dips to 4.3 percent
A Newcastle Mosque Reveals The Late Cheick Tiote Was A Devout Muslim