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Protecting the 2024 Tesla shareholder annual assembly, I’ve mentioned two extremes that might be the way forward for Tesla relying on how the corporate’s present “big bet” seems, and I’ve mentioned 10 highlights from the principle presentation. Nevertheless, the primary web page of the slidedeck after the quilt was an attention-grabbing one which I believed I’d briefly cowl by itself. At first, I used to be considering, “Oh, good, they’ve debunked some negative headlines and claims and given us more information about what’s actually going on.” Although, after I began taking a look at these extra intently for this text, I spotted they didn’t clarify or debunk as clearly as I’d assumed or hoped. Have a look down under and let me know what you assume.
To start with, since that is the second slide within the slidedeck, it actually stands out. It appears it was Tesla’s fast try and debunk varied criticisms which were going round, nevertheless it looks like one thing Elon Musk simply inserted proper on the final minute with out a lot time on clear messaging or rationalization. Anyway, the factors listed here are that:
- Tesla says it’s nonetheless centered on increasing its car lineup. How a lot and whether or not it’s placing sufficient consideration into this has been the query, and that wasn’t actually resolved with this transient observe and the slide in a while exhibiting three fashions below covers. We’ve seen fashions below covers earlier than. We’ve identified for a number of years Tesla was presupposed to finally construct a van and minibus of kinds, and a extra inexpensive Tesla was supposed to come back out this 12 months. We didn’t actually hear something about that “tiny Tesla” on this annual assembly, although.
- Tesla isn’t abandoning Superchargers. Good, however I didn’t see a lot concern that Tesla was abandoning Superchargers, simply that it wasn’t rising the community prefer it used to. I by no means assumed they weren’t going to keep up present Superchargers, and Musk mentioned quickly after shedding nearly all the Supercharger crew that they’d nonetheless add stalls to present stations and focus extra on that. The priority was about how a lot Tesla would decelerate enlargement, and there was no clear roadmap in that regard defined in to debunk issues. So, it’s once more onerous to judge this obscure retort. Elon Musk did speak later within the presentation in regards to the huge Supercharger community and made a quick observe about what number of extra Superchargers could be added this 12 months — however there are already tons of them in varied phases of planning or building.
- Elon Musk isn’t threatening to maneuver AI out of Tesla. I actually don’t perceive this one, as a result of Musk mentioned straight up that if he wasn’t awarded his compensation bundle once more, he was inclined to go develop AI exterior of Tesla. I’m truthfully confused about this one. After all, his gigantic compensation bundle was reapproved, so he shouldn’t be fascinated with doing related AI work exterior of Tesla anymore anyway. And if Tesla hits its targets and succeeds on this discipline, based mostly on Musk’s inventory value forecast, he may turn into the world’s first trillionaire. My autocorrect is telling me proper now that isn’t a phrase.
- Tesla isn’t a one-man present. Did anybody declare that? I suppose this is likely to be a retort to Elon Musk having an excessive amount of management over the board of administrators? It’s onerous to know, because it’s an excellent obscure quote debunking a declare nobody makes. With over 100,000 staff, you’d need to be fully out of your thoughts to assume Tesla is a one-man present. Once more, although, I truthfully don’t even know what that is attempting to debunk.
- Elon isn’t a part-time CEO. Effectively, this one ought to give reassurance to many Tesla followers who’ve been involved that Elon Musk isn’t full time at Tesla anymore since he appears to spend a lot time on X and in addition has a couple of half dozen different corporations to guide. If you’d like Elon to be spending 40+ hours per week working at Tesla, this could provide you with a point of reassurance that he’s doing simply that.
Some other ideas on these 5 “NOT TRUE” statements?
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