Shareholders Support Elon Musk's Board Plan

Tesla (TSLA) - Get Report CEO Elon Musk said the first customers for its Model 3, which will be delivered beginning on July 1, will get two choices for the car: color and the size of the wheels.

Speaking at Tesla's annual shareholder meeting in San Jose on Tuesday, Musk vowed not to repeat the problems encountered by the Model X SUV when it was introduced in 2015, the Los Angeles Times reported. Available in multiple configurations from the start, it was riddled with manufacturing and quality problems.

Tesla has said it plans to churn out 5,000 Model 3 cars per week before the end of the year, and 10,000 per week in 2018.

This article was written by a staff member of TheStreet.