RT Melissa Cohoon (@MelissaCohoon)Tesla Community, would love your POV: What does “Sustainable Abundance” mean to you? ...

RT Stuart Zuckerman ::) (@StuartZuckerma1)Live from Tesla’s 2025 Shareholder Meeting in Austin – the instant the vote flashed: 75%+ FOR Elon’s comp plan! ⚡ The room exploded with a mix of elation and relief, followed by chants of ‘Elon! Elon! Elon!’There was pure electricity in the air ⚡ (pun intended!)I was there, heart pounding, proud to be witnessing a historic vote of confidence in The Man and his @tesla team accelerating humanity’s future towards Sustainable Abundance for all!This was the moment we’ll ...

Core Insights - Tesla is at a critical inflection point, having achieved significant milestones in both automotive and energy sectors, with the Model Y being the best-selling vehicle worldwide in 2024 and energy deployment reaching 31 gigawatt hours, more than double that of 2023 [2][3] - The company emphasizes its commitment to sustainability, reporting that its products helped avoid nearly 32 million metric tons of greenhouse gas emissions in 2024, a 70% increase year over year [2][3] - Safety remains a top priority, with Tesla's vehicles achieving a crash rate that is ten times better than the average US driver, and improvements in autopilot technology expected to enhance safety further [3][4] Business Performance - The Model Y continues to dominate global sales, reinforcing Tesla's leadership in the automotive industry [2] - The energy business is expanding rapidly, with a deployment of 31 gigawatt hours in 2024, indicating strong growth potential [2] - Tesla's installed base serves as a foundation for future value creation through services like RoboTaxi and virtual power plants [2] Sustainability Efforts - Tesla's products have significantly reduced greenhouse gas emissions, showcasing the company's commitment to environmental sustainability [2] - The company is focused on improving safety standards and reducing resource impact throughout the product lifecycle, from raw material extraction to end-of-life [3][4] Shareholder Engagement - The annual shareholder meeting included discussions on various proposals, with the board encouraging shareholder participation and feedback [5][6] - Several shareholder proposals were presented, including those related to sustainability metrics in executive compensation and governance reforms [7][8][9] Future Outlook - Elon Musk highlighted the potential of the Optimus robot, suggesting it could revolutionize industries and significantly impact the global economy [20][21][22] - The company plans to ramp up production of the CyberCab, designed for autonomous operation, with ambitious production targets [27][29] - Tesla aims to enhance its AI capabilities with the development of specialized chips, which are expected to improve performance and efficiency [30][31]

RT Maye Musk (@mayemusk)Proudest mom in the world! Thanks @Tesla shareholders. Congrats @elonmusk 👏👏 The future is Sustainable Abundance 😍😍 ...

Financial Data and Key Metrics Changes - Tesla's energy business deployed 31 gigawatt hours in 2024, more than double the amount achieved in 2023, indicating significant growth in this segment [5] - The company reported that through its products, consumers avoided nearly 32 million metric tons of greenhouse gas emissions in 2024, a 70% increase year over year [6] Business Line Data and Key Metrics Changes - The Model Y was the best-selling vehicle worldwide in 2024, showcasing Tesla's dominance in the automotive market [5] - The energy business continues to reach new heights, with a substantial increase in deployment metrics compared to the previous year [5] Market Data and Key Metrics Changes - Tesla's global fleet of vehicles experienced one crash after driving over 6.8 million miles, which is ten times safer than the average U.S. driver [7] - The safety performance of Tesla's Autopilot technology has nearly doubled since 2018, reflecting improvements in safety standards [7] Company Strategy and Development Direction - Tesla aims to maximize its installed base of production globally, which serves as a platform for future value creation through services like robotaxi and virtual power plants powered by AI [5][6] - The company is focused on sustainability and reducing resource impact throughout the product journey, from raw material extraction to end-of-life [8] Management's Comments on Operating Environment and Future Outlook - Management emphasized that Tesla is at an inflection point and is excited about the future, with a commitment to creating sustainable abundance [4][11] - The management team acknowledged the challenges faced in recent years but expressed confidence in the company's direction and capabilities [10][11] Other Important Information - The company is actively investing in both automotive and energy businesses to enhance its market position and sustainability efforts [5][8] - Tesla's mission has evolved to focus on achieving sustainable abundance, reflecting a broader vision beyond just electric vehicles [57] Q&A Session Summary Question: What is the company's stance on the proposal for strategic investment in XAI? - The board received more votes in favor than against the proposal, but there were significant abstentions, indicating a need for further examination of next steps [46] Question: How does Tesla plan to address sustainability metrics in executive compensation? - The board recommended against linking executive compensation to sustainability metrics, emphasizing the importance of maintaining financial goals [20][22] Question: What is the board's response to the proposal for a child labor audit? - The board opposed the proposal, stating that existing policies are in place to combat forced and child labor, but the proposal calls for independent verification [23][25] Question: What measures are being taken to ensure shareholder accountability? - The board has recommended against proposals that would repeal certain shareholder rights, asserting that existing governance structures are sufficient [28][30] Question: How does Tesla plan to enhance its governance framework? - The board emphasized the importance of investor feedback and has opposed proposals that would limit shareholder participation in governance [33][34]

Financial Data and Key Metrics Changes - Tesla's energy business deployed 31 gigawatt hours in 2024, more than double the amount achieved in 2023, indicating significant growth in this segment [3] - The global fleet of Tesla vehicles experienced one crash after driving over 6.8 million miles, showcasing a safety performance that is ten times better than the average U.S. driver [5] Business Line Data and Key Metrics Changes - The Model Y was the best-selling vehicle worldwide in 2024, reflecting Tesla's strong position in the automotive market [3] - The energy business's deployment metrics highlight a substantial increase, emphasizing Tesla's commitment to expanding its energy solutions [3] Market Data and Key Metrics Changes - Tesla consumers avoided nearly 32 million metric tons of greenhouse gas emissions in 2024, a 70% increase year over year, demonstrating the company's impact on sustainability [4] Company Strategy and Development Direction - Tesla aims to maximize its installed base of production globally, which serves as a platform for future value creation through services like robotaxi and virtual power plants [4] - The company is focused on creating a sustainable and closed-loop economy, ensuring responsible sourcing and production practices [6][7] Management's Comments on Operating Environment and Future Outlook - Management emphasized that Tesla is at an inflection point and is excited about the future, aiming to create more value than any other company in history [2] - The focus on safety and sustainability remains paramount, with ongoing improvements expected in autonomy technology [5][6] Other Important Information - The company is actively investing in both automotive and energy businesses to enhance its production capabilities and sustainability efforts [3][4] - Tesla's mission has evolved to focus on achieving sustainable abundance, aligning with advancements in AI and robotics [55] Q&A Session Summary Question: What is the outlook for Tesla's investment in XAI? - The board received a proposal urging a strategic investment in XAI, emphasizing the importance of AI in Tesla's future [14][18] Question: How does Tesla plan to link executive compensation to sustainability metrics? - A proposal was presented to link a portion of executive compensation to measurable sustainability performance, which the board recommended against [20] Question: What is Tesla's stance on conducting audits of labor practices? - The board opposed a proposal requesting an audit of child labor practices in Tesla's supply chain, citing existing policies [22][26] Question: What measures are being taken to ensure shareholder rights? - Several proposals were made to amend bylaws regarding shareholder rights, with the board opposing most of them, arguing for existing governance structures [28][30][34] Question: How does Tesla plan to enhance its governance and accountability? - Proposals were made to declassify the board and adopt a simple majority voting standard, which the board recommended against [36][39]

Core Viewpoint - Tesla's fourth "Master Plan" is central to the company's strategy to secure a $1 trillion compensation package for CEO Elon Musk, despite its vague details and lack of specifics [1][2][7]. Group 1: Master Plan IV - The fourth Master Plan is described as aiming for "sustainable abundance" but lacks concrete goals compared to previous plans [1][4]. - Musk acknowledged the criticism regarding the vagueness of the plan and promised to add more specifics, yet the plan remains unchanged [2][6]. - The plan is promoted heavily in shareholder communications as a justification for Musk's compensation package, despite its imprecision [7][9]. Group 2: Compensation Package - If approved, Musk would receive the largest pay package in corporate history, amounting to $1 trillion [1]. - Board members have been actively promoting the compensation package, emphasizing Musk's need to meet certain milestones, which are seen as less ambitious than previous promises [9][10]. - Musk has threatened to leave Tesla if the vote on the compensation package fails, indicating his strong desire to maintain control over the company [3]. Group 3: Shareholder Reactions - Shareholders and fans have expressed concerns about the lack of details in Master Plan IV compared to earlier plans, which were more concrete [2][11]. - Despite the concerns, board members continue to highlight the potential of the plan without providing a clearer vision [8][9].

Core Insights - Tesla reported a 12% revenue increase in Q3, reaching $28.10 billion, surpassing analyst expectations by $1.7 billion, indicating a recovery after two quarters of decline [1] - The company is focusing on robotics, AI, and autonomous driving, aiming for a future of "sustainable abundance" under Elon Musk's leadership [5][10] Financial Performance - Automotive revenue rose 6% to $21.2 billion, driven by strong demand for Model Y and delivery growth across various regions [1] - Adjusted earnings per share were $0.50, below the expected $0.54, with net income down 37% year-over-year to $1.37 billion due to lower EV prices and increased operating expenses [7] - Record free cash flow of nearly $4 billion and total cash and investments exceeding $41 billion provide a strong operational base for future growth [7] Market Position and Valuation - Tesla's market capitalization stands at $1.5 trillion, with a forward P/E ratio of 369.73x, significantly higher than the sector's median of 17.73x, indicating a premium for its innovative edge [2] - Shares are trading at $453, reflecting a 12% year-to-date increase and a 76% rise over the past twelve months [3] Growth Catalysts - The global humanoid robotics market is projected to reach $5 trillion by 2050, with Tesla's stock gaining 1.7% as investors consider the implications of this transformation [4] - A $16.5 billion deal with Samsung for next-generation self-driving chips underscores Tesla's commitment to innovation and expansion into new growth areas [8] Robotaxi and AI Developments - Tesla's robotaxi program is advancing, with pilots in Austin and plans for commercial launches in major U.S. cities, having logged over six billion FSD miles [9] - The humanoid robot initiative, Optimus, aims for mass production of one million units annually, indicating a significant shift towards operational automation [10] Analyst Expectations - Analysts project earnings of $0.33 per share for Q4 2025, with a consensus for fiscal 2025 at $1.14, down from $2.04 last year [11] - Despite potential earnings declines, a robust recovery is anticipated, with growth of 133.33% expected in the following period [12] Market Sentiment - Wall Street analysts maintain a consensus "Hold" rating on Tesla, with an average price target of $377.80, suggesting a 17% downside from current levels [13] - Some analysts, like Stifel's Stephen Gengaro, are more bullish, raising targets based on confidence in FSD rollout and the robotaxi market [14]

Financial Data and Key Metrics Changes - Q3 2025 set new records for deliveries, deployments, and various financial metrics including total revenues, energy gross profit, energy margins, and free cash flow [11][12] - Automotive revenues increased by 29% sequentially, while automotive margins (excluding credits) rose from 15% to 15.4% due to improved material costs and better fixed cost absorption [13][14] - Free cash flow reached approximately $4 billion, with total cash and investments exceeding $41 billion at the end of the quarter [17] Business Line Data and Key Metrics Changes - Energy storage business achieved record deployments, gross profit, and margins, despite facing headwinds from tariffs and increased competition [14][15] - The automotive segment saw a strong performance across regions, with Greater China and APAC up 33% and 29% respectively, North America up 28%, and EMEA up 25% [11][12] Market Data and Key Metrics Changes - Demand for Megapack and Powerwall remains strong, with positive customer feedback and expectations for continued growth into 2026 [22] - Residential solar demand surged in the U.S. due to policy changes, with new solar lease products expected to drive further growth [22] Company Strategy and Development Direction - The company aims to expand production rapidly now that there is confidence in achieving unsupervised Full Self-Driving (FSD) [3][4] - Tesla's updated mission is described as "sustainable abundance," focusing on creating a world with no poverty and universal access to quality medical care through innovations like Optimus and FSD [8][9] - The company is also focused on enhancing its AI capabilities, with plans to scale production of Optimus robots significantly [26][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the future, emphasizing the importance of AI in transforming transportation and energy sectors [3][4][8] - The CEO highlighted the challenges of bringing Optimus to market, particularly in achieving the necessary dexterity and supply chain integration [24][26] Other Important Information - The company is working on regulatory approvals for FSD in regions like China and EMEA, with a current paid FSD customer base of around 12% [13] - The total tariff impacts for Q3 exceeded $400 million, affecting both automotive and energy storage businesses [15] Q&A Session Summary Question: What are the latest robotaxi metrics, fleet size, cumulative miles, rides completed, intervention rates, and when will safety drivers be removed? - The company expects to have no safety drivers in large parts of Austin by the end of the year, with plans to operate in about eight to ten metro areas [19][21] Question: What is the demand and backlog for Megapack, Powerwall, Solar, or Energy Storage systems? - Demand for Megapack and Powerwall is strong, with significant growth expected in AI and data center applications [22] Question: What are the present challenges in bringing Optimus to market? - The challenges include achieving hand dexterity and establishing a supply chain for production [24][26] Question: Can you update us on the $16.5 billion Samsung chip deal in Taylor? - The company is confident in Samsung's ability to fulfill AI chip production timelines and achieve better yields compared to TSMC [29][30] Question: How should we think about expanding production in the context of existing capacity? - The company aims to reach an annualized production rate of 3 million units within 24 months, with the Cybercab being a significant expansion [43][45]

Financial Data and Key Metrics Changes - Q3 2025 set new records for deliveries, total revenues, energy gross profit, energy margins, and free cash flow, attributed to customer confidence and team efforts [11][12][17] - Automotive revenues increased by 29% sequentially, while automotive margins (excluding credits) rose from 15% to 15.4% due to improved material costs and better fixed cost absorption [13][14] - Free cash flow reached approximately $4 billion, with total cash and investments exceeding $41 billion at the end of the quarter [17] Business Line Data and Key Metrics Changes - Energy storage business achieved record deployments, gross profit, and margins, despite facing tariff impacts exceeding $400 million [14][15] - The automotive segment saw strong performance across regions, with Greater China and APAC up 33% and 29% sequentially, respectively [11][12] Market Data and Key Metrics Changes - Robotaxi operations expanded in Austin and the Bay Area, with significant mileage covered and customer satisfaction reported [20][21] - Demand for Megapack and Powerwall remains strong, with positive feedback from customers and growth in residential solar demand due to policy changes [22] Company Strategy and Development Direction - The company aims to expand production rapidly, particularly for Full Self-Driving (FSD) and robotaxi services, with a focus on achieving unsupervised FSD [3][4][12] - Tesla's updated mission emphasizes "sustainable abundance," aiming to leverage AI and robotics to enhance productivity and accessibility [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving unsupervised FSD and expanding production capacity, with a target of reaching an annualized rate of 3 million units within 24 months [45][46] - The company is cautious about safety in new markets, planning to remove safety drivers gradually as confidence in the technology grows [19][70] Other Important Information - The company is working on the next generation of AI chips (AI5), which is expected to significantly outperform the current AI4 chip [30][35] - The Optimus project is seen as a potential game-changer, with ongoing challenges in dexterity and supply chain management [24][26] Q&A Session Summary Question: What are the latest robotaxi metrics? - Management expects to have no safety drivers in large parts of Austin by the end of the year, with plans to operate in 8 to 10 metro areas [19][20] Question: What is the demand and backlog for Megapack and Powerwall? - Demand for Megapack and Powerwall is strong, with significant growth in AI and data center applications noted [22] Question: What are the present challenges in bringing Optimus to market? - Bringing Optimus to market is complex, particularly in achieving hand dexterity and establishing a supply chain [24][26] Question: Can you update us on the $16.5 billion Samsung chip deal? - Samsung is manufacturing the AI4 chip and will also focus on the AI5 chip, which is expected to be significantly better than its predecessor [29][30] Question: How should we think about expanding production capacity? - The company aims to reach an annualized production rate of 3 million units within 24 months, with a focus on the Cybercab as a key expansion vehicle [45][46]