"No one is a CEO forever," Musk said at Tesla's annual shareholders meeting, held at the
Musk, 42, is also CEO of rocket maker SpaceX, based outside
"It is quite difficult to be CEO at two companies," he said.
Tesla's third-generation car, commonly referred to as the Gen 3, is dependent on Tesla's "gigafactory" for battery production being built, which Musk says will drive down the cost of the car's power system. In February, Tesla announced that
On Tuesday, Musk said Tesla could begin construction at two or even three sites in different states before ultimately choosing the final location by the end of the year. And he left open the possibility that more than one factory might be needed.
Musk also said that Tesla has made progress on autonomous driving.
"In one year we will have a car that drives on autopilot from freeway onramp to freeway offramp," he said.
Tesla shareholder meetings are fascinating affairs, drawing investors from around the globe. An 11-year-old boy from
"Absolutely," Musk said.
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