Core Points - Tesla shareholders approved Elon Musk's $1 trillion compensation plan during the annual meeting [2] - The shareholders also re-elected three board members and supported annual elections for all directors [2] - A non-binding shareholder proposal regarding investment in Musk's AI startup xAI received more votes in favor than against, but high abstention rates warrant further discussion [2] Group 1: Optimus Robot - Musk promoted the Optimus robot, predicting hundreds of billions of units will be deployed, claiming it will "eliminate poverty" [4] - The production cost of each Optimus robot is approximately $20,000 when adjusted for historical dollar value [4] Group 2: Full Self-Driving (FSD) Technology - Musk stated that Tesla's Full Self-Driving (FSD) technology has received "partial approval" in China, with full approval expected around February or March 2026 [5] Group 3: Cybercab Production - Tesla plans to start production of the Cybercab, a fully autonomous vehicle without pedals or steering wheels, in April 2026 [6] - The goal is to reduce the production time to under 10 seconds per vehicle, with a theoretical target of 5 seconds [6] Group 4: Chip Development - Musk emphasized the importance of low-cost, high-efficiency specialized chips for Tesla's robots, indicating discussions with Intel but no agreements yet [7] - Tesla's chips will be produced in Taiwan, South Korea, Arizona, and Texas [7] - Musk mentioned the potential construction of a "gigantic chip factory" to meet the company's chip production needs [8] Group 5: Automotive Focus - Despite diversifying beyond electric vehicles, Musk reiterated that cars remain a crucial part of Tesla's future, aiming for a significant increase in vehicle production [9] Group 6: Roadster Launch - Musk confirmed the upcoming launch of the new Roadster, initially announced in November 2017, with a demonstration planned for April 1 next year and mass production expected in 12 to 18 months [10] Group 7: Lunar and Martian Aspirations - Musk predicted that Tesla vehicles and Optimus robots would play a role in establishing bases on the Moon and Mars [12] Group 8: SpaceX IPO Consideration - Musk expressed that while operating a public company is challenging due to litigation risks, he is considering the possibility of SpaceX going public in the future [13] Group 9: AI Utilization in Vehicles - Musk envisions Tesla vehicles performing "AI reasoning" tasks while idle, potentially creating a distributed AI reasoning fleet that could generate income for owners [14] - He raised concerns about the future control of humanity if AI surpasses human intelligence [14] Market Reaction - Following the announcements, Tesla's stock rose by 0.88% in after-hours trading [14]

Core Viewpoint - Tesla is expected to report disappointing Q2 earnings due to declining delivery volumes, price wars, and policy changes, with a focus on Elon Musk's statements during the earnings call [7][15]. Financial Performance - Tesla's Q2 revenue is projected to be $22.83 billion, a year-over-year decrease of 10.46% [7]. - Adjusted net profit is expected to be $1.533 billion, down 15.38% year-over-year, with earnings per share estimated at $0.43, a decline of 17.46% [7]. - In Q1, Tesla reported revenue of $19.3 billion, a 9% year-over-year decline, and a net profit of $409 million, down 65% year-over-year [8]. Delivery and Sales Data - In the first half of the year, Tesla delivered 720,803 vehicles, a decrease of 13.3% year-over-year [9]. - Q2 deliveries were 384,100 vehicles, marking a 13.5% year-over-year decline, the largest quarterly drop in Tesla's history [9]. - U.S. sales in Q2 were approximately 151,000 vehicles, down 9% year-over-year, while European sales fell for five consecutive months, with May showing a 27.9% decline [10]. Market Context - Tesla's current market capitalization stands at $1.07 trillion [4]. - Year-to-date, Tesla's stock has decreased by nearly 18%, making it the worst performer among the seven major tech companies [3][4]. Strategic Focus - The market is closely watching Tesla's core automotive business, the future of Robotaxi, and the prospects for affordable electric vehicles [15]. - Musk's recent commitment to working intensively to restore market confidence is seen as a potential signal for recovery [13][15]. Analyst Sentiment - Despite the challenges, some analysts maintain a positive outlook, with Bank of America upgrading its target price to $341 and Wedbush reiterating a bullish rating with a $500 target [18].