Aliens & Acquisitions? 10 Highlights From Tesla Meeting
The long-waited $Tesla Motors(TSLA)$ annual meeting was over. Missed the livestream?
Don't worry! We have summarised the most concerned Q&A for tigers--from famous aliens metaphor to the hot issues about recession and geopolitical risk to Tesla's products and plan!! You can find answers to all these questions!!
1. Q: About Elon Musk’s succession
A: Musk intends to stay with Tesla as long as he’s useful, and he feels most useful in product design and manufacturing.
“Tesla will continue to do well even if I’m kidnapped by aliens, or went back to my home planet,” Musk joked.
2. Q: About peak inflation and a recession as a challenge in 2023.
A:Musk noted that prices are trending down. “We will have a recession, I think a relatively mild recession. I guess its a mild recession for, I dunno, like 18 months or something.”
3. Q: About geopolitical tensions between the US and China
A: Elon notes that he is hoping for peace and respect between the two countries.
4. Q: Abouthow many Gigafactories are needed for Tesla to reach 20 million cars.
A:Elon notes that the company will probably need a dozen or so.
5. Q: About acquisitions and share buybacks.
A:Elon notes that Tesla doesn’t really acquire companies that much. If Tesla sees an interesting company, it will acquire it. But it will be rare.
Share buyback is on the table.
6. Q: About Optimus
Elon notes that Optimus should be more valuable than Tesla’s vehicles. It could effectively disrupt the economy.
“It could turn the economy on its head.”
7. Q: About Tesla’s safety, and how the company improves its cars to be safer over time.
A: Elon noted that FSD Beta should pass 100 million miles soon. Oh, and FSD Beta will be there to whoever requests it this year.
8. Q: About Tesla’s profitability
“I think it’s gonna go up this year,” Elon said.
“I’m just very proud of the fact that we’ve been able to produce cash than we’ve been able to spend,” Musk said.
9. Q: About the company’s 4680 ramp
A: Elon noted that Tesla might enter high-volume production by the end of this year. This does not affect vehicle output, though.
Tesla has enough battery supplies from its suppliers to build 1.5 million cars this year.
10. Q: About the real estate strategy for Superchargers and Tesla restaurant locations across the US
A: Elon noted that Tesla deploys Superchargers with the greatest need. He ponders an online poll to ask owners where Superchargers are needed.
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