All You Need to Know About the Tesla Shareholder Meeting: Cybertruck Deliveries, Tesla To Start Advertising and New Products in the Pipeline
Tesla shareholder meeting meeting
1. Elon squashed rumors of him leaving
2. Dedicating more time to $TSLA
3. Twitter in good shape again
4. Tesla will begin (at some point) to advertise
5. Two BRAND NEW products coming
6. Cybertruck & FSD are really close
Tesla Inc (TSLA.O) CEO Elon Musk warned on Tuesday that the electric-vehicle maker was not immune to the global economy, which he said will be difficult for the next 12 months. At the company’s annual shareholder meeting in Austin, Texas, Musk played down market rumors that he may step down as CEO of Tesla, touched upon two new mass-market models it is developing, and reaffirmed that deliveries of its long-delayed Cybertruck pickup would start this year.
Tesla’s stock rose after the meeting. This rally is part of a broader upward movement for Tesla stock, which has continued to recover since the beginning of the year. As of today, the share price is up almost 60% year to date.
First on the list, Elon Musk clarified that he is not planning on leaving Tesla any time soon. This announcement was made to dispel any rumors about Musk leaving the company after being replaced as the chairman of the board. Musk affirmed his commitment to Tesla and promised to dedicate more time to the company. This should reassure all shareholders that Tesla is in good hands for the foreseeable future.
Another exciting update from the meeting was that Tesla is planning to start advertising. This is a major shift in strategy for Tesla, as the company has never advertised its products before. While there were no specifics on the nature of the advertisement, this is an indication that Tesla is ready to step up its marketing game and reach a wider audience.
One of the biggest announcements from Elon Musk was the reveal of two new products in the works. Musk did not provide any specific details about these products, but the mere mention of new offerings coming from Tesla is enough to stir excitement amongst the shareholders and the public. Given Tesla’s track record of producing innovative products, we can expect nothing but the best from these upcoming launches.
The meeting also touched upon the Cybertruck and full self-driving (FSD) capabilities. Tesla enthusiasts have been eagerly awaiting the release of the Cybertruck, and Musk announced that it is really close to launch. Based on prototype testing, the Cybertruck will surpass all expectations and will revolutionize the truck market. FSD was also discussed, with Musk highlighting the ongoing improvement in the software’s performance, suggesting that it is also just around the corner.
Lastly, Elon Musk commented on the state of Twitter, which he has long been known for using as a platform to share personal opinions and company news. The Tesla CEO confirmed that his Twitter account is now in a better shape than it was a year ago. This statement was in reference to Musk’s well-publicized issues with the Securities and Exchange Commission in 2019, wherein the SEC alleged that Musk tweeted information that was misleading to shareholders. The issue has since been resolved, and Musk has been more careful with his Twitter use since.
In conclusion, the Tesla shareholder meeting did not disappoint, with Elon Musk sharing crucial updates about the company’s future plans. Musk has given shareholders reasons to believe that Tesla will continue to grow and produce innovative products. The meeting may have been brief, but every piece of information shared was enough to keep Tesla fans and shareholders excited. We eagerly await the launch of the two new Tesla products, the Cybertruck, and the FSD software. Given how successful Tesla has been up to this point, it would be foolish to doubt the company’s ability to deliver some of the most impressive electric vehicles available on the market.