UNITED NEWS INTERNATIONAL (UNI) – Tesla shareholders say they still support the company’s CEO Elon Musk, despite fears that Tesla won’t meet its production goals.
At the company’s annual shareholder meeting in California on Tuesday, June 5, a majority of shareholders rejected a proposal to force Musk to step down as Tesla’s chairman. The exact voting tally will reportedly be disclosed within the next few days.
All three company directors were also re-elected to the board.
In recent months, Tesla has failed to reach its production rate goals and rumors have spread about the company’s financial situation.
However, Musk said Tuesday the company’s goal is still to make 5,000 Model 3 cars a week by the end of the month, which he says will allow Tesla to be cash-flow positive.
He also thanked Tesla employees for their hard work and said recent months have been some of the most difficult in his life.