- CEO Elon Musk said demand for Tesla's vehicles continues to be strong, despite concerns sparked by disappointing first-quarter delivery numbers.
- Musk predicted the company's upcoming Model Y SUV will generate more demand than the three vehicles Tesla currently offers the Model 3, Model S sedan, and Model X SUV combined.
- Visit Business Insider's homepage for more stories
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Elon Musk just said Tesla has a 'good shot' of setting a record for deliveries this quarter (TSLA)
Tesla held its 2019 shareholder meeting on Tuesday in Mountain View, California.
Tesla 2019 shareholder meeting
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Tesla held its 2019 shareholder meeting on Tuesday in Mountain View, California.
"It's been a hell of a year, but a lot of good things are happening," CEO Elon Musk said before highlighting the sales and performance capabilities of the electric-car maker's Model 3 sedan against its electric and gas-powered rivals.
"Resisting the temptation to pick on competitors. I will not do that," Musk said.
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Read more: It's still too early to tell if Tesla's Model 3 will be its ultimate answer to profits, experts say
Musk said demand for Tesla's vehicles continues to be strong, despite concerns sparked by disappointing first-quarter delivery numbers.
"I want to be clear," he said. "There is not a demand problem."
Tesla is selling far more vehicles than it can produce, Musk said, and has a "decent shot" at delivering more vehicles in the second quarter of this year than in any prior quarter. Its current record came in the fourth quarter of 2018, when it delivered 90,700 vehicles.
Musk also touted the company's upcoming Model Y SUV, which it plans to begin producing near the end of next year. He predicted the vehicle will generate more demand than the three vehicles Tesla currently offers the Model 3, Model S sedan, and Model X SUV combined.
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This story is developing. Check back for updates.
Have you worked for Tesla? Do you have a story to share? Contact this reporter at mmatousek@businessinsider.com .
See Also:
- Audi is recalling its Tesla rival after realizing its batteries were at risk of catching fire
- It's still too early to tell if Tesla's Model 3 will be its ultimate answer to profits, experts say
- 'Aladdin' star says a defect in his Tesla Model 3 led to his car wreck, and it comes from a problem area the company has known about for years
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SEE ALSO: Elon Musk got 'paid' $2.3 billion last year but actually earned $0, and this shows how complicated CEO compensation has become
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