Elon Musk tells Tesla shareholders there is "decent shot" at record quarter

A Tesla Inc. Model 3 right and a Model S electric automobile recharge at a charging station beside a canal in Amsterdam Netherlands on Monday

Tesla is serious about a possible record quarter, not so serious about a submarine car

Tesla Inc. (TSLA.O) Chief Executive Officer Elon Musk said he expects to grow the fleet of Tesla vehicles by 60-80 per cent this year, after doubling it last year.

Questions have been raised about global demand, especially for the Model 3 sedan.

While the vehicle wasn't needed - and may have been more of a PR boost to Tesla than anything else - it seems that Musk is confident in Tesla's ability to make vehicles for sea as well as land. "There is absolutely not", Musk said.

"We might get into the mining business".

Deliveries fell 31 percent in the first quarter, but Musk echoed his forecast from last month that the company was on track to hit record deliveries in the second quarter.

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"It will not be long before we have a 400-mile range vehicle", he said.

To do that, it will have to beat the $US312 million ($A448 million) profit Tesla reported for the third quarter of 2018, which was the company's first profitable quarter ever reported and notably included a 20% margin on its Model 3 alone.

Tesla's current quarterly records came during the final three months of past year when it manufactured more than 85,500 vehicles and delivered 90,700.

Which is not without its challenges, as noted by Musk and evident in Tesla's Q1 loss.

Ninety percent of Tesla orders are new customers without a vehicle reservation.

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