Tesla Inc CEO Elon Musk warned on Tuesday that the electric-vehicle maker was not immune to the global economy, which he said will be difficult for the next 12 months. At the company’s annual shareholder meeting in Austin, Texas, Musk played down market rumors that he may step down as CEO of Tesla, touched upon two new mass-market models it is developing, and reaffirmed that deliveries of its long-delayed pickup…
At the company’s annual shareholder meeting in Austin, Texas, Musk played down market rumors that he may step down as CEO of Tesla, touched upon two new mass-market models it is developing, and reaffirmed that deliveries of its long-delayed
pickup would start this year. advertise “Tesla is not immune to the global economic environment. I expect things to be, just at a macro economic level, difficult for at least the next 12 months,” said the billionaire, dressed casually in a black T-shirt and trousers.
in the first quarter after it aggressively cut vehicle prices in the face of a slowing economy and rising competition. At the meeting, shareholders voted to appoint the company’s co-founder and former chief technology officer, JB Straubel, to the board. Proxy advisory firm Glass Lewis had headtopics.com
to vote against Straubel’s appointment, citing worries about his independence.
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