Directors Antonio Gracias, James Murdoch and Elon's brother, Kimbal Musk, won by "a wide margin," according to Tesla. Elon Musk holds a 22 percent stake in Tesla, increasing the degree of difficulty for shareholders trying to challenge his authority. After conceding that "staying alive" is difficult in the auto industry, Musk told shareholders that Tesla will be "cash flow positive" during the second half of this year. If Musk is correct, the prediction will translate into Tesla bringing in more cash than it's spending in both the third and fourth quarters. Tesla's stock gained about 1 percent to $294.35 in Tuesday's extended trading.

Source: ABC News June 05, 2018 23:26 UTC