Elon Musk has been missing deadlines since he was a kid

Tesla CEO Elon Musk unveils the Roadster 2 during a presentation in Hawthorne California

Tesla: Why It's 'All About' Model 3 Production

Musk also announced that the Model 3 outsold the BMW 3 Series, Mercedes-Benz C-Class, Audi A4 and Lexus IS in the United States, making it the top-selling premium saloon there.

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 vehicle maker over time. When that generation III Supercharger launches, said Musk, "we're going to accelerate Supercharger expansion even more". "No one has succeeded in doing this in a very long time in the U.S.". That had represented the strongest challenge yet to Musk's grip on the Silicon Valley electric vehicle maker, which also faces production setbacks and expectations by many analysts that it will need to raise new cash.

The company has been engaging in so-called "burst builds", temporary periods of fast-as-possible production which it uses to estimate how many cars it is capable of building over longer periods of time.

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Musk said manufacturing will be Tesla's greatest long-term strength and predicted the company would be profitable in the third and fourth quarters.

Musk also said that Tesla would start opening its own body shops. An activist investor group cited failures to meet goals with the sedan as one of the reasons shareholders should have opposed re-electing three directors to the board, though that campaign failed.

"I'd probably put some sandbag on future dates; that's probably wise", Musk said. In an earlier letter, the company said Model 3 net reservations surpassed 450,000 at the end of the first quarter. Although clearly in jest, Musk's statement seems to imply that the Model Y will have a much more advanced version of the company's Autopilot system. Musk was mum on details for the Model Y, and it's not clear where the small crossover would be produced. The vehicle starts at $35,000, but now, only the $44,000 version with a long-range battery is available.

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He said the vehicle would be unveiled in March and begin production in 2020 along with Tesla Semi and the new Roadster. But Musk is no stranger to tongue-in-cheek comments that become a reality.

"We did not think these individuals are a credible, independent voice for shareholders".

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