"It won't be long before we have a 400-mile range car," Tesla CEO Elon Musk said at the electric vehicle company's shareholder's meeting this week on Tuesday.
During a meeting in which Musk also highlighted the sales performance of the Model 3, the tech mogul outlined plans to strengthen Tesla's position as the market leader in EV battery range for EVs.
Tesla's record on range
The Model 3 became the world's best-selling electric car last year. It can travel up to 310 miles on a full charge. Musk didn't specify whether a new model or a rumored revision would reach the 400-mile battery range.
Tesla's longest-range model is currently the Model S, which can achieve 370 miles on a full charge. The upcoming second-gen Roadster, meanwhile, is expected to reach up to 620 miles.
Tesla's closest range competitors are Chevy's Bolt EV, at 238 miles, and the Nissan Leaf Plus, at 226 miles.
Tesla's shares jump
At the annual meeting, Musk also said Telsa have a “decent shot at a record quarter on every level,” as well as emphasizing that "there is not a demand problem."
“Sales have far exceeded production and production has been pretty good so we’re actually doing well,” Musk said.
Tesla shares rose as much as 4% in premarket trading on Wednesday, before losing momentum after the open.
Musk also suggested they are considering giving Teslas the capability to charge using other high-speed networks, removing the stress of not coming across one of the company's own Supercharger network ports — though it is one of the world's most extensive EV charging networks.
Tesla fans will be looking forward to hearing more details about Tesla's future at the company's pickup truck unveiling, which will take place later this year.