Tesla held its annual assembly of stockholders at its Austin, Texas manufacturing facility on Thursday. The assembly invited shareholders to hitch in particular person, along with over 300,000 viewers who watched the occasion nearly. The assembly addressed 13 proposals, 5 of which had been launched by the board of administrators — and considered one of which included Tesla’s current plans for a inventory break up.
The occasion, livestreamed on Tesla’s YouTube channel, opened with Tesla Chairperson Robyn Denholm noting among the firm’s environmental achievements. Tesla’s Head of Investor Relations, Martin Viecha, spoke second and facilitated the shareholder proposals portion of the occasion. Lastly, Elon Musk got here out to undergo the key highlights and a ultimate Q&A.
Following are just a few of the important thing takeaways from the 2022 Tesla Annual Stockholder Assembly.
3-for-1 Inventory Cut up
Concerning the proposals, traders’ votes aligned carefully with suggestions from Tesla’s board of administrators. The automaker introduced preliminary outcomes on the vote, most notably exhibiting that traders authorized a 3-for-1 inventory break up.
Different Proposals
The opposite proposals ranged in matter from elevated reporting on baby labor practices, water discount, collective bargaining, and the corporate’s measures to cut back discriminatory practices and enhance office tradition. The shareholders additionally voted to re-elect two board members. Whereas the preliminary outcomes had been introduced on the Cyber Roundup occasion, Viecha famous {that a} ultimate tally of shareholder votes will change into accessible inside 4 enterprise days.
Full Self-Driving
Musk boasted about Tesla’s Full Self-Driving (FSD) beta 10.13 replace, saying it was virtually worthy of the software program model “10.69.” As well as, FSD beta ought to change into accessible to anybody who requests it in North America by the tip of this 12 months. The system has over 40 million miles pushed.
Manufacturing Evolves
Musk stated Tesla is estimating a 2 million-unit manufacturing capability by the tip of this 12 months. In the meantime, Tesla produced its 3-millionth EV inside the previous couple of weeks — coming a good distance from the three,000 items produced a decade in the past.
Gigafactory Progress
Tesla might also announce the placement of its subsequent Gigafactory by the tip of this 12 months, says Musk. And, finally, Tesla hopes to have 10 to 12 Gigafactory areas, every with 1.5 to 2 million items in annual manufacturing capability. The Tesla Fremont Gigafactory has the best manufacturing output of any car manufacturing facility in North America, Musk says.
Cybertruck & 4680 Battery Cell
Tesla is concentrating on scaled Cybertruck manufacturing by the tip of 2023, in response to Musk. And he expects to achieve high-volume manufacturing of the 4680 battery cell by the tip of this 12 months.
The Future for Tesla
In a daring assertion, Elon Musk predicts that Tesla will sometime change into essentially the most worthwhile firm on this planet with the onset of the Optimus robotic en masse and self-driving robotaxis.
Along with the aforementioned notes, the Tesla Cyber Roundup noticed Musk in his factor, protecting matters from 3D infrastructure for cities, aliens, recession predictions, and, in fact, sometime heading to Mars.
Initially revealed by EVANNEX. By Peter McGuthrie
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