“Any customer can have a car painted any color that he wants so long as it is black,” Henry Ford once said. Tesla Chief Executive Elon Musk is taking the same approach to early versions of the Model 3, due for initial production and delivery in July. To justify a high-flying stock valuation, the Model 3 must sell well in large numbers. Under pressure from some large shareholders earlier this year, Tesla said it would add outside members to its board. Tesla stock rose $5.53, or 1.6%, to $352.85 on Tuesday.

Source: Los Angeles Times June 06, 2017 23:47 UTC