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Tesla's annual shareholders meeting (NASDAQ: TSLA) 2019 is being held at a historic moment for the electric car manufacturer. The past year has proven to be a roller coaster for Tesla investors, with TSLA shares rising to $ 387.46 per share and falling to $ 176.99 per share. The Tesla Model 3, which is currently being deployed internationally, is at the center of these wild developments.
Last month was a difficult time for Tesla investors. After sluggish delivery and production figures in the first quarter, Tesla was hit by a perfect storm including many negative analyst forecasts, pessimistic media reports and allegations that demand for its vehicles would decline. These concerns have been largely dispelled in recent weeks, as signs have shown that Tesla, and in particular Model 3, may be poised to surprise this second quarter nicely.
For the annual shareholders meeting, Elon Musk and Tesla executives are expected to answer questions from retail investors, ranging from ongoing projects such as the Model 3 ramp to future projects such as the van. You're here. Questions Grouped by Investor Communication Platform Mr. Say also raised questions about the reason for Tesla's acquisition of Maxwell, as well as about the company's plans for its service. Insurance, among others.
Below you will find live updates of Tesla's Annual Shareholders Meeting in 2019. Companion Teslarati journalist Dacia Ferris and I will update this article in real time, so keep refreshing the page to see the latest updates to this story.
Simon 14:40 PT: And now the voting begins. For more information on this topic, please refer to our article on the agenda for today's meeting.
Dacia 14:37 PT"As an investor, you have to show a certain amount of courage in the gut," Denholm said. It's certain.
Simon 14:35 PTTesla President Robyn Denholm speaks to investors in her welcome address. Tease the next presentation of Elon.
Dacia 14:33 PT: FTW selfie time!
Dacia 14:31 PT: Where is the music video? Totally disappointing.
Simon 14:30 PT: Should start anytime now.
Simon 14:24 PT: It remains to be seen if the red model Y is separated from the blue model. Pretty cool if Tesla has two prototypes working right now.
Dacia 14:20 PT: Twitterverse says that the red Y model is a functional prototype. (h / t Ryan McCaffrey)
Simon 14:13 PT: It's complete (courtesy of Dennis Pascual, owner-investor of Tesla). A little more than 15 minutes before the start of the work.
Simon 14:10 PT: I wonder if this red Y is only a wrapped version of the blue prototype of the unveiling. Of course, this looks like an imo work model. But this OEM chrome remove well.
Simon 14:09 PT: Some soft cars outside the meeting place. The red model Y is fire.
Dacia 14:05 PT: Woo! Tesla live blog time again! Red cars at the meeting of shareholders by passion … or panic ?? (dun dun dun! just preempt the FUD)
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