Exciting Highlights from Tesla's 2023 Annual Shareholder Meeting

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The 2023 Annual Shareholder Meeting of Tesla was filled with exciting announcements and insights from top executives, including Elon Musk. From sustainability efforts to future product launches, here are the key highlights from the event.

Gratitude and Formalities

⭐Martin Baker expresses gratitude to dedicated attendees and first-time visitors.

⭐Formal part covering voting items and a presentation by Elon Musk.

⭐Robindenholm welcomes attendees and expresses honor in hosting the meeting.

Sustainability and Innovation

🌱It takes less energy to go sustainable and there is less mining required for a sustainable energy economy.

🌱Third party audit on Cobalt mining and webcam on the mine.

🌱Tesla's involvement in AI and AGI due to advanced capabilities in this field.

Product and Business Updates

🚗Total cost of ownership of a Model 3 comparable to a Toyota Corolla.

🚗Cybertruck production starting later this year and improving production cost efficiency.

🚗Tesla's stationary battery pack business growing exponentially.

Insights and Recommendations

💡Elon Musk advises not to look at the markets for the next 12 months and to buy the dip if there is a dip.

💡Berkshire Hathaway predicted making less money this year.

💡Tesla's long term net present value of future cash flows will be incredible.

FAQ

What is the focus of Tesla's sustainability efforts?

Tesla is focused on reducing energy consumption and mining for sustainable energy economy.

When will Cybertruck production start?

Cybertruck production will start later this year and gradually increase based on demand.

What did Elon Musk advise regarding market behavior?

Elon Musk advises not to look at the markets for the next 12 months and to buy the dip if there is a dip.

What is the current score of Tesla's active safety system?

Tesla received a 98% score on its active safety system and plans to improve it further.

How does the total cost of ownership of a Model 3 compare to a Toyota Corolla?

The total cost of ownership of a Model 3 is now comparable to a Toyota Corolla.

What is the future plan for Tesla's involvement in AI and AGI?

Elon Musk intends to oversee Tesla's involvement in AI and AGI due to the company's advanced capabilities in this field.

What is the growth projection for Tesla's stationary battery pack business?

Tesla's stationary battery pack business is growing exponentially and may exceed 500 gigawatt hours per year.

What is the plan for auditing Cobalt mining?

Tesla will conduct a third party audit on Cobalt mining and will put a webcam on the mine.

How did Martin Baker express his gratitude at the meeting?

Martin Baker expressed gratitude to dedicated attendees and first-time visitors.

What did Robindenholm express at the beginning of the meeting?

Robindenholm welcomed attendees and expressed honor in hosting the meeting.

Summary with Timestamps

👋 0:23Tesla's 2023 annual shareholder meeting begins with gratitude and welcomes attendees.

[Applause] 22:55Elon Musk discusses the Tesla master plan and the path to a sustainable global economy.

🔋 45:59Tesla is focused on improving its active safety system and expanding its stationary battery pack business.

💡 1:08:36Elon Musk advises not to look at the markets for the next 12 months, predicts tough times for a year, but believes Tesla will emerge stronger in the long term.