10 Tesla Highlights from Shareholder Meeting

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Final evening, I mentioned two extremes that might be the way forward for Tesla relying on how the corporate’s present “big bet” 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. Nevertheless, there have been additionally a number of highlights from the presentation that appeared price pulling out and discussing. Under are 10 key slides and a few quick feedback about them.

This primary one is one which in all probability deserves its personal article, since battery degradation and substitute prices are such considerations for non-EV homeowners. It’s a giant a part of anti-EV hype to assert that you just’re going to must spend 1000’s of {dollars} on a brand new battery after a number of years, and persons are accustomed to having to interchange 12V batteries, so it’s simple to consider. Nevertheless, as Tesla factors out, its batteries sometimes last more than its vehicles. Excellent news, and a reality price sharing.

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

That is one I believe Tesla might have mentioned way 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 might be from employee-provided enchancment strategies. Nevertheless, Musk rapidly 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 strategies have elevated manufacturing unit effectivity, in addition to security.

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

This is among the extra thrilling slides. It exhibits speedy progress of Tesla’s power storage deployments up to now few years, and it exhibits the Megafactory the place these storage methods are produced has sufficient capability to supply about 2.5× extra of them annually.

And, unsurprisingly, these power storage methods are bringing in additional gross revenue!

One other thrilling and engaging chart was this one evaluating “total cost of ownership” of a Tesla Mannequin Y and a BMW X3. Although, once more, I’d like to see particulars someplace. I’ve performed dozens of complete price 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 might be than certainly one of its closest opponents. However let’s see the information and assumptions!

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

It’s clearly spectacular how a lot Tesla’s gross revenue from “services and other” 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 have been actually fascinating. Simply take into account this slide a placeholder for a enjoyable article to return. Let’s simply say that the story appears way more promising and optimistic listening to Musk’s statements on this within the annual shareholder assembly than within the Q1 shareholder assembly.