Tesla CEO Elon Musk assured shareholders the electric car maker has recovered from a disappointing start this year and promised to counter media coverage that he believes has distorted perceptions about the unprofitable company's long-term prospects. Musk's 90-minute appearance came amid lingering questions about Tesla's finances and his own sometimes erratic behavior since the company held its last shareholder meeting a year ago. Among other things, Musk has tangled with stock market regulators about a tweet dangling a buyout of Tesla that never materialized , and broken a pledge to make Tesla consistently profitable . To set manufacturing and sales records, Tesla will need to top its performance during the final three months of last year. In that quarter, Tesla manufactured more than 85,500 vehicles and delivered 90,700.

Source: ABC News June 11, 2019 22:50 UTC