CEO Elon Musk spoke at Tesla's annual shareholder meeting in Mountain View, California on Tuesday.
Tesla shares closed around $217 on Tuesday ahead of the meeting, down about 36% from the same time last year, when they were trading near $342.
He also said that sometime next year, Tesla drivers will be able to use self-driving features in their vehicles without intervention. Musk said, "Every car made since October 2016 is capable for full autonomy with replacement of the computer alone." He also added, "We'll still need regulatory approval but the capability will be there. This massively increases the value of the car.
Musk and Straubel also showed a picture of a green field in Europe, joking that this would one day be their Gigafactory in Europe. The company aims to establish a car factory on each continent, Musk said. By the end of this year, they intend to determine and announce the location for another battery-and-car plant in Europe.
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