Tesla held a shareholder meeting in Mountain View, Calif., on Tuesday afternoon, and CEO Elon Musk addressed the audience on a number of issues facing the company before taking questions from shareholders.

Some analysts have turned bearish on Tesla after Musk promised profitable quarters going forward in Q4 2018 but then missed profitability badly in Q1 2019.

Sales have far exceeded production, and production has been pretty good.

We have a decent shot at a record quarter... if not, it's going to be very close."

Musk then added, "I think we can be cash-flow positive despite having a very fast growth rate."

The CEO also moved on to his outlook for Tesla's product line, stating that "it won’t be long before we have a 400-mile-range car."

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