Tuesday, November 29, 2022
HomeGreen TechnologyPrime Takeaways From Tesla’s 2022 Annual Stockholder Assembly

Prime Takeaways From Tesla’s 2022 Annual Stockholder Assembly


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 one in all which included Tesla’s latest plans for a inventory cut 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 remaining Q&A.

Following are a number of of the important thing takeaways from the 2022 Tesla Annual Stockholder Assembly.

3-for-1 Inventory Break up

Relating to the proposals, buyers’ votes aligned carefully with suggestions from Tesla’s board of administrators. The automaker introduced preliminary outcomes on the vote, most notably exhibiting that buyers permitted a 3-for-1 inventory cut up.

Different Proposals

The opposite proposals ranged in matter from elevated reporting on youngster labor practices, water discount, collective bargaining, and the corporate’s measures to scale 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} remaining tally of shareholder votes will develop into out there inside 4 enterprise days.

Full Self-Driving

Musk boasted about Tesla’s Full Self-Driving (FSD) beta 10.13 replace, saying it was nearly worthy of the software program model “10.69.” As well as, FSD beta ought to develop into out there to anybody who requests it in North America by the top of this 12 months. The system has over 40 million miles pushed.

Manufacturing Evolves

Musk mentioned Tesla is estimating a 2 million-unit manufacturing capability by the top of this 12 months. In the meantime, Tesla produced its 3-millionth EV inside the previous few weeks — coming a good distance from the three,000 items produced a decade in the past.

Gigafactory Development

Tesla might also announce the situation of its subsequent Gigafactory by the top of this 12 months, says Musk. And, ultimately, 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 very 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 top of 2023, in keeping with Musk. And he expects to succeed in high-volume manufacturing of the 4680 battery cell by the top of this 12 months.

The Future for Tesla

In a daring assertion, Elon Musk predicts that Tesla will sometime develop into probably the most invaluable firm on the 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 subjects from 3D infrastructure for cities, aliens, recession predictions, and, in fact, sometime heading to Mars.

Initially printed by EVANNEX. By Peter McGuthrie


 

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