Musk sets sights on a record Tesla quarter

At Tesla annual meeting Elon Musk softens claims of a robo-taxi fleet next year

Tesla's CEO, Elon Musk, spoke of the designs in the company's annual shareholder meeting this week (via TechCrunch).

"Today they'll put on their best face. but right now there continues to be a very challenging period ahead for Tesla and their need to balance growth and profitability", Ives said.

Musk also said the company was on track to hit its volume production goal by the end of this year. He said making one would be a distraction and have a small market. Several urged him to pour more resources into countering news coverage about Tesla's financial condition, fatal accidents involving Tesla cars driving in semi-autonomous mode and his own histrionics. "There is absolutely not", Musk said. "This is going to be a defining period for Tesla and Musk in terms of what happened over the next six months".

Musk highlighted that most electric vehicles which have been launched recently still can't surpass the range of Tesla's 2012 Model S, and claimed that Tesla should soon offer vehicles capable of traveling for 400 miles on a single charge.

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"We're actually doing well and we've got a decent shot at a record quarter on every level".

Tesla's current quarterly records came during the final three months of previous year when it manufactured more than 85,500 vehicles and delivered 90,700. If Tesla can exceed those numbers in the current quarter, it might help make up for the opening three months of the year when Tesla's production and sales fell well below expectations and contributed to a $702 million loss after the company had been profitable during the final half of last year. He said he hoped to have an investor day on batteries by the end of the year and emphasized that battery production was the key to vehicle production.

Tesla's stock closed Tuesday's session at $217.10 per share, up 1.9 percent.

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