Tesla turns back effort to remove Elon Musk from chairman seat; directors win new terms

Meantime, Elon Musk told shareholders that the troubled Model 3 electric sedan will hit a production rate of 5,000 a week by the end of June. The last several months, he said, were the most “hellish” in his life. A new third assembly line Tesla is building at the company’s Fremont, Calif., plant should help achieve the goal, he said.