Little is known about the auto at this stage, but Tesla founder and CEO Elon Musk has said it will have falcon wing doors (opening vertically, like on the Model X).
Short sellers were piling into Tesla to bet against the stock at the end of March as concerns mounted that Tesla would fall well short of its production quota of 2,500 Model 3 units per week, while also betting the company would need to raise capital, further pressuring shares.
Musk's comments came after shareholders re-elected three directors and voted against a proposal to wrest the chairman role from Musk.
Elon Musk expressed confidence about Tesla achieving the next production goal for its crucial Model 3, predicting that manufacturing will become a strength for the electric auto maker over time. That will go into production in the first half of 2020, along with the Semi truck and Roadster models, Musk said.
In recent months, missed deadlines have plagued the rollout of the Model 3, the sedan that represents Tesla's crucial attempt to break into the mainstream vehicle market.
The report says that 8 percent of depositors had configured a Tesla for production in April, which deems the purchase nonrefundable. "We just did a big set of upgrades, and it's quite likely that we will achieve a 5,000 auto a week (production rate) by the end of this month", Musk said.
Musk said United States customers who make new reservations for a Model 3 sedan should expect to receive the vehicle in three to four months if they opt for a long-range battery and rear-wheel drive. Tesla has focused on high-priced configurations, some exceeding $70,000, since the auto began rolling off assembly lines in 2017.
Currently, the roles of both Chairman of the Board and CEO are filled by Elon Musk, and a "Yes" vote would strip Musk of the Chairman role.
"We did not think these individuals are a credible, independent voice for shareholders".
'Then I had a road bike until I was 17 and was nearly killed by a truck, ' Musk said.
Tesla has plenty of new products in the works, but one thing it will never build is a motorcycle, despite Elon Musk's penchant for biker jackets.
The CEO noted that plans for the trial will be announced within the next few months.
And he added: "I'm lucky that England gave me that opportunity to get away, refresh my mind and I'll always be grateful to them. I'm fine with whatever may or may not happen, and I like to think I'll be able to deal with it in the right way".
European markets fell sharply Tuesday, especially in Italy, Greece and Spain, and USA stocks also sustained losses. Investors, of course, are familiar with market storm clouds forming over Europe. "Some caution is warranted".
The meeting followed two landmark summits between the leaders of North and South Korea in the last five weeks. North Korea's conciliatory response to that letter appears to have put the summit back on track.
The Portugal global , 33, had another stunning season this year, with the forward netting 41 goals in all competitions for Real. We are concentrated on that and not on speculation regarding what a player will or will not do", the AS Monaco midfielder said.
China has promised to "significantly increase" purchases of farm goods, energy and other products and services. It says the two sides have made concrete progress on many areas but the details are left for final approval.
The 2018 FIFA World Cup kicks off in less than a month with the opening match in the Russian capital of Moscow. The patch will be ready to download when you log in today at around 6pm BST when you launch the game.
President Trump pumps his fist to the crowd as he arrives at Ellington Field Joint Reserve Base in Houston, Texas on May 31, 2018. May's jobs report is great news for America, but bad news for Democrats hoping to win election in November.
The comments followed Syrian President Bashar Assad's insistence that the U.S. should leave the Arab Republic. Israel wants Iran-backed forces removed from areas near its border and from Syria in general.
Up next for Del Potro is Marin Cilic who saw off a late comeback by Italian Fabio Fognini to win 6-4 6-1 3-6 6-7 (4) 6-3. Cecchinato received a penalty point immediately after Djokovic was treated, for "unsportsmanlike conduct".
The body of Razan al-Najjar, wrapped in a Palestinian flag, was carried through the streets by protesters calling for revenge. Dozens of Palestinians were killed by Israeli security forces, who argue that they were merely trying to defend the border.
Croatia's biggest chance came in the first half from a corner as Dejan Lovren's header spun just wide of the left post. Brazil will face Croatia on Sunday and play one more friendly against Austria before the start of the World Cup.
Kilauea Lava Flow Rolls Into Sea at Kapoho Bay
It advised residents in communities downwind, including Pahala, Ocean View and Kona, to limit their exposure to gas and ash. The flow of lava especially from fissure eight has cut off Puna Kapoho and several residents had to be airlifted to safety.
Lava Flow Cuts Off Access To More Big Island Neighborhoods
One finger died out Monday, Kauahikaua said, while another looped around the Kapoho Cinder Cone, encircling it in lava. Thousands in the Puna district had to evacuate after lava fissures started opening in neighborhoods a month ago.
Apple is bringing iOS apps to the Mac - sort of
The feature, which will make it easy to port apps with minimal changes to code, will be made available to developers next year. In so many words, dynamic desktop mode is an option in MacOS Mojave to have your desktop evolve with the hours of the day .
Apple takes direct swipe at Facebook over privacy at WWDC
In an announcement that must have Houseparty a little nervous, iOS 12 will have updated Facetime that allows group video calls. Facebook recently said it will let you delete information the company gathers from your activity on other websites and apps.
Fortnite might be coming to the Nintendo Switch
Fortnite coming to the Nintendo Switch is something that the fans were expecting since the Smartphones version was released. It's available on PlayStation 4, PC, Xbox One , iOS , and Android platforms, so Switch would be the next logical step.
Nigeria name final World Cup squad
The midfielder took responsibility for the error but explains that Nigeria's first half formation left the midfield isolated. Captain Mikel John Obi is one of the five players in the 23-man squad that have played in the FIFA World Cup .
Woman Physically Assaulted by Police Officer on the Beach
A police investigation is underway in New Jersey after a disturbing video of an officer punching a woman on the beach went viral. The video cuts out momentarily, then shows Weinman screaming as the police officer pulls her to the ground and grabs her hair.
Serena Williams beat Ashleigh Barty in French Open
In the victory, Pliskova won 74 percent of her first serve points and 37 percent of her second serve points. But the 36-year-old's serve remains a formidable weapon, helping her take the first set after a tie-break.
Theresa May condemns knife and gun attack in Belgium
When armed police arrived at the scene, Herman opened fire, injuring several officers, before he was shot dead by police. Police and security officials also assembled in Brussels and Antwerp to mourn the loss of their two colleagues.
Embattled Missouri Gov. Eric Greitens resigns amid scandals
Less than two weeks ago, the legislature began meeting in special sessions to consider impeachment proceedings against him. Greitens, but sometimes pursuing charges is not the right thing to do for our city or our state", Gardner said.