Tesla  (TSLA - Get Report) shares gained 2.9% to $359.65 Wednesday following the company's shareholder meeting Tuesday night. 

One of the biggest revelations from the meeting was that the company's highly anticipated mass market sedan, Model 3, will only feature two optional modifications for buyers: color and wheel size. Tesla will begin deliveries of the Model 3 on July 1. 

Limited optionality hasn't dampened consumer enthusiasm for the sedan, however, with reports of as many as 400,000 people placing refundable down payments on the vehicle. 

Tesla has previously said it plans to produce 5,000 Model 3's per week before the end of the year while ramping up to 10,000 per week in 2018. 

Everyone wants to sell oil stocks, but Jim Cramer believes there is a buying opportunity for the right energy securities. Read his analysis here.

Read More Trending Articles:

Click here for the latest business headlines.