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Tesla Survives!


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The Tesla shareholders meeting was yesterday, and let's just say...Elon Musk knows how to give a performance.

After dodging proposals that would dethrone him from his role as chairman (yes, not everyone is a Musk fanatic), he put on a teary-eyed show and expressed just how hard Tesla works to be great:

  • Some employees supposedly have worked 60 days straight and had to be forced home.
  • And how about that disappointing Model 3 production? Tesla just made 3,500 cars per week and is aiming for 5,000 by month's end.
  • Moving forward? Expect Tesla to hit profitability in Q3 and Q4.

Bottom line: Tesla's been under the spotlight this year. But major shareholders are still betting on Musk to turn things around.

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