Elon Musk Highlights from Tesla Shareholder Meeting June 2019

Tesla hosts their 2019 annual shareholders meeting where they highlight the future of Tesla as a company. We ended the quarter with $2.2 billion of cash and cash equivalents, a $1.5 billion reduction from the end of 2018. This reduction was driven by a $920 million convertible bond repayment and an increase in the number of vehicles in transit to customers at the end of Q1. In addition, we began production and deliveries of Model 3 vehicles for overseas markets. As noted in our Q1 2019 Vehicle Production & Deliveries letter, due to unforeseen challenges we had only delivered half of the quarter’s numbers ten days before the end of the quarter. This caused a large number of vehicle deliveries to shift into Q2. =====  MagellanTV – a brand-new streaming service that features the very best collection of space and science documentaries available anywhere. The service includes over 1500 documentary movies, series, and exclusive playlists, designed with you in mind. Check out their space genre and explore the solar system like never before. Claim first your two-month free trial, only available at magellantv.com/spacenewspod