Tesla 2024 Shareholders Meeting Live
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I tried to write as close to Elon’s way of speaking as possible. In the following, the text in parentheses is my opinion, not Elon’s words. Please enjoy it.
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Start of shareholders’ meeting
Nice to meet you.
- I’d like to say hello first on behalf of Tesla’s board of directors.
Artificial intelligence is important and boasts about the mass production of Cybertrucks.
Expressing willingness to continue development of robotaxi and autonomous driving based on FSD
From superchargers and batteries, recycled batteries, and fully recyclable cars, we will complete the full cycle of the industry related to electric vehicles.
It is also important to make the safest car and to expand the safety of all vehicles at the same time through OTA.
Tesla is the only company where individual shareholders and the board of directors are so deeply connected.
Deep appreciation and pride for this.
Let’s continue to do well in the future.
I have a few agenda items. (Write down two important ones.)
- We’re moving the Delaware corporation to Texas
- It also includes a compensation plan for Elon.
- Key investor messages and offers sessions
I hope you will take a deeper interest in the employment and labor-related issues that are happening at Tesla and come up with solutions.
I hope you will be interested in the electromagnetic wave problem emitted by Tesla vehicles and present a solution.
Requires continued interest in sustainable management and transition to renewable energy
Demanding a review of the management compensation plan.
Requires re-examination when considering business and ecosystem risks for deep-sea resource exploration and mining-related processes. - answers and conclusions from the board of directors
Kimbal Musk Re-elected as Board Chairman
Transits Headquarters From Delaware to Texas (Audience Cheers)
Elon Musk Passes $56 Billion Salary Compensation Package (Audience Goes Crazy)
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. - Now let’s call Elon Musk out here.
an advertisement.
Tesla has been running through very difficult things.
Shareholders, you have the ability to change the future.
Over the past six years, Tesla’s investment value has risen 1,100% under Elon’s leadership.
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Let’s get started. Elon is here!!
(Elon Musk’s random dance… Stop with Diablo and learn how to dance…)
Young shareholders cry Elon. (Reminiscent of Warboys shouting V8, V8 while watching Wenji Immo Tanjo)
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(Following Elon Musk from now on)
Now, let’s open the book where the new chapter of Tesla was written.
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(Wait!!) Elon doesn’t look at the prompt.
When I try to explain the number or the progress, I don’t look at the present material first, but like a person who reads it here
I rolled my eyes, looked at the screen, stuttered for a moment, and remembered that the necessary words and numbers were not in the presentation. He also showed his appearance today in paranoia patients who are taking care of details about their business. His nose is particularly red, but he seems to be active outside these days. He only got on his nose. He lost some weight probably because of his favorite Wigobi.)
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Tesla doesn’t just have value and vision as an electric car company.
There are also solar energy storage for sustainable energy use.
I don’t believe it well yet, but you’ll know if you try the auto pilot 12.3 version, but now the development curve of autonomous driving without human intervention is changing exponentially. As for safety, it will improve and improve with each auto pilot distribution, and no doubt it will be safer than a car while driving, and it’s still quite safe.
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Tesla is going to have a huge revenue model change. Like Airbnb and Uber combined, if you travel with a single button on the Tesla app, the Tesla vehicle will make money. I really believe and I’m confident that the car will make the monthly payment. I hope you mark my words. Seriously, it’s only a matter of time now.
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(Is it because I’m going to talk for more than an hour… Or is it because Tesla cars are now going to play Uber and they’re just saying it’s only a matter of time… Or maybe the numbers I’m going to talk about are so big that I take out a water bottle, drink water, and start the ref.)
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I think Ark Investment’s Cathie Wood’s prediction is pretty accurate, but I think Tesla’s value in the automobile transportation industry alone, excluding Optimus robots, will be worth 5 Trillion dollars. 6 trillion won. I believe its corporate value will grow 10 times more than it is today. (He keeps laughing and laughing as if the number is funny to him, too.)
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Now, let’s talk about Optimus. Humanoids are really necessary and good. Let’s say there’s a billion humanoid units. Hmm. No. 3 billion units. If we actually have a billion orders, maybe 10% market share is much higher than 10%. Of course, it’s a lot higher than 10% per year, but it’s 100 million units a year. If you compare it to the automobile industry, it’s about 100 million units a year. Production costs $10,000 (which is actually 70 to 80 million units a year). Of course, it’s less expensive and smaller than cars. So basically, if you could sell about $20,000 in mass production, Optimus alone would make a profit of $1 billion a year. So that’s about 1370 trillion won.
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If you look at the market cap of the automobile market, it’s going to be 20 trillions of dollars worth of companies. In won, it’s going to be 26,000 trillion won. It’s going to be 10 times the value of the current market.
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Robots are important. Now, let’s move on to the PPT.
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Our influence in reducing CO2 emissions is dramatically increasing.
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So let’s talk about the Tesla plant. We’re not perfect, but we’re achieving the highest efficiency in water use, energy use, renewable energy power use, etc. It keeps getting better.
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Let’s take a look at the battery packs of the Model 3 and Y. 200K miles… 320,000 kilometers, and the battery has an 85 percent storage efficiency. Our batteries last a long time.
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We also have the cheapest maintenance cost per mile for an electric car. $0.4 per mile. Our rival BMW X3 costs $0.8, which is twice as expensive as our car.
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Global EV Supplier Standards