NEW YORK (TheStreet) -- Tesla Motors (TSLA - Get Report) held its annual shareholder meeting on Tuesdayy, and one of the major takeaways was CEO Elon Musk talking about doing something "controversial" as it relates to Tesla's patents. There was much more to talk about though, including where the company's Gigafactory, the engine of Tesla's economic future, will be located.
Musk, who kicked off the meeting with a presentation, noted 2013 was a great year. "We've produced and sold a lot of cars," Musk said at the meeting, held in Mountain View, Calif. He noted there had been 344 million miles driven with Tesla cars, as the company expands it retail locations to 126 around the world, with 77 service centers and 114 Superchargers. Musk stated the company is "trying to accelerate the rollout of the Supercharger" network, and hopes to get to double that amount by the end of the year.
Aside from announcing that more software updates would be coming later this year, including buyers being able to name their cars, and more customization (where the car learns a driver's behavior), Musk stated the company is working hard to improve its mapping. It will use traffic-based directions, with the cars being able to anticipate the route a driver is taking as well as suggesting alternative routes using similar crowd-sourced intelligence that has been seen in Waze, a company that Google (GOOG) acquired late last year for $1 billion.
Dressed in a black suit with a white dress shirt, Musk continued to state that the company is supply-constrained, noting Tesla expects to deliver 35,000 Model S units this year. More could be done as the company works to get lithium-ion cell supply in line with demand.
"Sales have been pretty good, but there's room for improvement," Musk stated. Aside from the lithium-ion constraint, which the company hopes will resolve starting in the third quarter, the biggest constraints are opening up service centers and Superchargers, noting one particular problem in Norway, which has a unique electricity grid that took several months to get a working comfortable solution.
Though Musk has been lauded for all the work he's done with PayPal (which is a unit of eBay (EBAY)), Tesla and SpaceX, these gigs may be taking a toll on him, as Musk hinted he may eventually step down from Tesla.
"It was never my intention to be CEO," Musk said when asked about his future at Tesla. "I tried very hard to NOT be CEO, or the company wasn't going to make it." He stated that he's committed to being the CEO through the production of the third-generation car, so he would be CEO at least for the next four or five years. "Then see how things are going at that point." Despite Musk intending to double the amount of Superchargers available for Model S drivers, he noted that he would not have a problem with other auto manufacturers, like Ford or GM using them, but they would have to create cars that can handle that level of power, noting there's 135 kWh production that comes from the Superchargers.
The Model S has received the far majority of attention from investors, drivers and the press, but Tesla got its start with the Roadster, a high-priced sports car. The company stopped making them a few years, but Musk said there would be a "fairly exciting upgrade" coming to the Roadster. "We'll get it done this year, it'll be a cool thing," Musk stated. He did caution that the next version of the Roadster was at least five years away. Also See: Elon Musk Is Cooking Up Something Big for Tesla Also See: The Biggest Takeaway From Apple's WWDC Isn't What You Think It Is -- Written by Chris Ciaccia in New York >Contact by Email. Follow @Chris_Ciaccia
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