10 Tesla Highlights from Shareholder Meeting

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Final night time, I mentioned two extremes that could possibly be the way forward for Tesla relying on how the corporate’s present “large wager” seems. It’s been no secret that Tesla’s #1 focus is now AI and robotics, and that’s now where it will either massively succeed or fail. Nonetheless, there have been additionally a number of highlights from the presentation that appeared price pulling out and discussing. Beneath are 10 key slides and a few brief feedback about them.

This primary one is one which in all probability deserves its personal article, since battery degradation and alternative prices are such issues for non-EV house owners. It’s a giant a part of anti-EV hype to say that you simply’re going to should spend hundreds of {dollars} on a brand new battery after a couple of years, and persons are accustomed to having to exchange 12V batteries, so it’s simple to imagine. Nonetheless, as Tesla factors out, its batteries usually last more than its vehicles. Excellent news, and a reality price sharing.

We noticed this shared with the final quarter’s shareholder report, but it surely’s price highlighting once more. Tesla’s AI compute infrastructure has skyrocketed. Way more compute energy helps Tesla FSD to drive significantly better. However does the chart proceed spiking upward from there? For the way lengthy? At what value? I’d like to have a extra detailed rationalization and dialogue on this. Possibly on the subsequent Autonomy Day? Are these nonetheless occurring? Effectively, we’ll have the massive presentation on August 8 — maybe we’ll be taught rather more about these items there.

That is one I believe Tesla might have mentioned rather more, particularly contemplating the historical past of claims that Tesla factories should not protected. Clearly, Tesla has been making good progress in regard to employee security, and far of that could be from employee-provided enchancment solutions. Nonetheless, Musk shortly skipped previous this slide and it’s minimalist within the particulars supplied. It could be very nice to see extra of the underlying particulars and knowledge. It could even be good to get some perception into how a lot enchancment solutions have elevated manufacturing facility effectivity, in addition to security.

There’s the slide displaying the three Tesla fashions underneath growth. I really feel like we’ve seen virtually the identical slide earlier than. Ready for the small print, but it surely’s no less than proof that Tesla continues to be engaged on different fashions (assume everybody knew that, although).

This is among the extra thrilling slides. It reveals fast progress of Tesla’s vitality storage deployments up to now few years, and it reveals the Megafactory the place these storage programs are produced has sufficient capability to provide about 2.5× extra of them annually.

And, unsurprisingly, these vitality storage programs are bringing in additional gross revenue!

One other thrilling and interesting chart was this one evaluating “complete value of possession” of a Tesla Mannequin Y and a BMW X3. Although, once more, I’d like to see particulars someplace. I’ve finished dozens of complete value of possession analyses, and so they rely closely on a wide range of assumptions, together with some very customized assumptions. So, it’s exhilarating to see how less expensive a Mannequin Y could be than considered one of its closest rivals. However let’s see the info and assumptions!

I really like the look of this new Tesla Supercharger map. It’s for sure spectacular how a lot Tesla has constructed out these networks world wide. After all, the dots for the Superchargers listed here are in all probability bigger than cities, but it surely’s an excellent visualization nonetheless!

It’s clearly spectacular how a lot Tesla’s gross revenue from “companies and different” have risen.

This one will get its personal article, as a result of Elon Musk’s phrases about Tesla’s lithium refining, vertical integration, and battery manufacturing prices had been actually fascinating. Simply think about this slide a placeholder for a enjoyable article to come back. Let’s simply say that the story appears rather more promising and optimistic listening to Musk’s statements on this within the annual shareholder assembly than within the Q1 shareholder assembly.