At Tesla's (TSLA - Get Report) last shareholders meeting on June 5, 2018, CEO Elon Musk once again made big promises. "It's quite likely that we will achieve a 5,000 car week by the end of this month," Musk said.
Now, the deadline is coming up and analysts are skeptical that he can deliver. Tesla has a history of over-promising and under-delivering, and Musk's latest promise may just add to the company's poor record.
Here are a few more outlandish promises that the controversial CEO has failed to keep in the past few years:
- In 2013, Musk said that 98% of the United States would be covered by supercharger stations within two years. There are currently 1280 Superchargers in America, according to Tesla's website. For comparison's sake, that's only 1% of the total gas stations in the country.
- Tesla's website once said solar roof installations would begin in June 2017, but that has yet to happen. The website now offers a vague target date, sometime in 2018.
- In July 2017, Musk said Tesla would reach their goal of 5,000 cars a week. That didn't happen either.
The next deadline for Tesla's Model 3 is fast approaching.
Can they finally deliver?