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Electric Vehicle | Top 10 Highlights from Tesla's Shareholder Meeting

Date：2024-06-18

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Keyword tags： EV ESS Intelligent Driving Tesla

Tesla's mission is to accelerate the world's transition to sustainable energy. Tesla is not just an electric vehicle company, but also an artificial intelligence and robotics technology company.

1. The battery life typically exceeds the lifespan of the car—no need to worry about battery degradation, aging, and replacement costs. Claims that consumers will have to spend thousands of dollars on new batteries in a few years are nothing more than hype used as an excuse to oppose the development of electric vehicles.

2. Tesla's artificial intelligence computing infrastructure has advanced rapidly, with increased computing power helping Tesla's FSD to achieve better autonomous driving capabilities.

3. Dispelling the myth that Tesla factories are unsafe, Tesla has made significant progress in worker safety, with most improvements likely stemming from suggestions provided by employees.

4. Tesla is still developing other car models, with at least three Tesla vehicles currently in development.

5. Tesla has seen rapid growth in energy storage over the past few years. The energy storage system gigafactory has sufficient capacity to produce approximately 2.5 times the energy storage systems annually.

6. The energy storage business brings higher gross margins.

7. The total "cost of ownership" for the Tesla Model Y is lower than that of the BMW X3.

8. The continuous growth of Tesla's Supercharging stations.

9. The gross profit from the "services and other" business is positive and growing steadily.

10. Lithium refining, vertical integration, and reducing battery production costs.

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