To The Moon

Two Important Proposals:

Equity incentive and the proposal to relocate the headquarters were both approved by shareholders. The voting results greatly exceeded market expectations (previous opinions were mostly against).

After the approval of these two proposals, Musk can acquire a 9% stake in $Tesla Motors(TSLA)$, adding to his original 13%, for a total shareholding ratio of 22%. (Musk believes that a 25% stake is key to leading Tesla towards artificial intelligence and robotics).

Robotics

1）Space: Each person should have at least two robots. With a global population of 10 billion, there would be a demand for 200-300 billion humanoid robots (in stock), which means an annual demand for humanoid robots of 1 billion units. If Tesla captures 10% of the market share, there would be a space for 100 million units. At a cost of $10,000 and a selling price of $20,000, Tesla could earn a profit of $1 trillion.

2）Current Status of Optimus: There are two Optimus robots at the Fremont factory, performing basic tasks (removing batteries from the production line and placing them into containers), and some Optimus robots are also seen wandering around our offices.

3）Outlook for Future Development: A hardware transition issue will be resolved by the end of this year or early next year. Limited production will start next year, mainly for our own factories (where products will be accelerated for testing), and it is expected that there will be more than 1,000 or a few thousand Optimus robots working at Tesla next year.

4）Product Update: This generation has 11 degrees of freedom (researchers believe this refers to a single dexterous hand), and the next generation will have at least 22 degrees of freedom, capable of playing the piano.

4680 Battery:

Musk acknowledged that the manufacturing efficiency of the 4680 battery is a challenge, and the cost of Tesla's 4680 battery is higher than that of suppliers, but it is expected to achieve cost parity by the end of this year.

Cybertruck:

Currently, $Tesla Motors(TSLA)$ is delivering 1,300 Cybertrucks per week, setting a new record. Special versions of the Cybertruck for China and the EU will begin production of the non-base series next quarter. The company is accelerating the production of the semi-truck (Semi), and last week approved a large-scale production plan for the electric semi-trailer truck.

This general shareholder vote is also a vote on Musk's leadership, as he said at the shareholder meeting, "Leading Tesla to start writing a new book, not just a new chapter."