Tesla shareholders approving CEO Elon Musk's $1 trillion pay package. The compensation agreement getting 75% support among voting shares when it was announced at the company's annual shareholder meeting. Senior autos reporter Prosmanian joins me now with the top takeaways from that meeting.So Pros, he got the vote. Now he's got a lot of jobs to do. >> Yeah.Uh more than just one, right. So we we we saw the vote. They went through all the different uh proposals and at the end of the meeting uh they announced ...

Core Points - Tesla is holding its annual meeting with a focus on the shareholder vote regarding Elon Musk's potentially trillion-dollar pay package, which is contingent on achieving specific performance metrics [1] - The pay package is structured in tranches, requiring Musk to meet targets such as an $8.5 trillion market cap, delivering 20 million Teslas, deploying a million robo-taxis, and a million humanoid robots over the next 10 years [1] - Musk has expressed a desire for greater influence over the development of humanoid robots, indicating he would not feel comfortable proceeding without having a say in their future [1] - Support for the pay package comes from Musk, Arc Invest, and Ron Baron, while opposition includes several pension funds and advisory firms like ISS and Glass Lewis, citing the package as excessive [1] - Other votes at the meeting include establishing political neutrality for Tesla and a potential investment in X AI, which Musk views as crucial for the company's future growth [1][2] - X AI was last valued at around $200 billion, highlighting its significance in Tesla's strategic direction towards AI, robotics, and autonomy rather than just electric vehicles [2][3]

Core Insights - Uber's shares are declining due to a lower than expected EBITDA outlook, increasing pressure to demonstrate the potential of its driverless strategy [1][2] Company Developments - Uber's autonomous vehicle (AV) offerings are currently operational in four cities, with plans to expand to ten by the end of next year [2] - The cities of Austin and Atlanta, powered by Whimo, are experiencing growth rates twice as fast as other U.S. markets, with Whimo's vehicles outperforming 99% of human drivers [3] - Uber claims that its driverless options are not cannibalizing the business of human drivers, who are earning more than the national average [3] Partnerships and Collaborations - Uber has not signed a new deal with Whimo recently, leading the company to diversify its partnerships beyond a single autonomy partner [4] - Collaborations with Lucid and Nuro are underway to roll out robo taxis, and a partnership with BYU aims to launch driverless rides in Asia and the Middle East [4][5] - BYU is now matching Whimo in weekly robo taxi volume, indicating rapid growth in the global market [5] Technological Advancements - Uber is piloting fully autonomous services in the UK in collaboration with AI startup Wave [6] - The company aims to build its own fleet of 100,000 Nvidia-powered AVs, focusing on making self-driving cars cost-effective at scale [6]

Core Insights - Tesla's Q3 adjusted EPS is reported at $0.50, below the consensus estimate of $0.54, while Q3 revenue is $28.10 billion, exceeding the expected $26.36 billion [1][2] - Q3 gross margins are reported at 18%, significantly higher than the estimated 7.2% [2] - Free cash flow for Q3 is reported at $3.99 billion, beating the estimate of $1.25 billion [2] Financial Performance - Q3 adjusted EPS is $0.50, compared to a consensus of $0.54 [1] - Q3 revenue stands at $28.10 billion, surpassing the expected $26.36 billion [1] - Q3 gross margins are reported at 18%, exceeding the estimate of 7.2% [2] - Free cash flow for Q3 is $3.99 billion, significantly above the estimate of $1.25 billion [2] Market Outlook - Concerns are raised about EV demand in the US post EV tax credit expiration, with expectations of declining deliveries in Q4 and throughout 2026 [7][8] - Analysts predict a potential decline in total global deliveries for Tesla due to the expiration of the US tax credit [7] - The market may see a pull forward in demand as buyers took advantage of the tax credit in Q3 [8] Product Strategy - Tesla has introduced lower-priced models under $40,000, which may attract buyers but still face competition from traditional vehicles priced lower [9][10] - The Model Y's pricing compared to competitors like Honda CRV and Toyota RAV4 indicates a higher cost for consumers [11][12] Future Growth and AI Vision - Analysts express optimism about Tesla's AI and robotics potential, with a belief that the autonomous driving and robotics market could significantly enhance Tesla's valuation [14][15] - The company is expected to pivot from car sales to software and robotics in the long term [15] - Regulatory uncertainties and competition in the autonomous driving space may impact Tesla's market leadership [16][17] Upcoming Events - A shareholder meeting is scheduled for November 6, where approval of Elon Musk's potential $1 trillion pay package is anticipated [23][24] - The pay package is tied to Tesla's market cap growth and successful rollout of robo taxis and full self-driving software [24]

Core Insights - Tesla is expected to report a profit of 55 cents per share, with the market anticipating no significant changes in share price unless results deviate greatly from expectations [1][2] Group 1: Financial Performance - The focus will be on auto gross margins, particularly whether improvements seen in Q2 continue into Q3 [2] - Full-year deliveries are projected to be around 1.6 million, with notable improvements in China and a surge in the US due to the end of the EV tax credit [5] Group 2: Autonomous Vehicle Development - Elon Musk is expected to provide updates on the growth of robo taxis, specifically when fully autonomous vehicles will be operational [3] - Currently, robo taxis are being tested in Austin and San Francisco but are not fully autonomous, as a human safety driver is present [4] Group 3: AI and Robotics - There is anticipation for updates on AI and humanoid robot development, with Musk being optimistic about advancements in these areas during the analyst call [3][6]

Core Insights - Tesla is teasing a potential product launch, with expectations around new models and features being discussed [1][2][3] Group 1: Product Launch Expectations - Possible product announcements include the Roadster, semi-production expansion, and robo-taxi developments [2][3] - There is speculation about a lower-priced model, potentially reducing the price of Model 3 or Model Y to around $35,000 to $40,000 to increase demand [3][6] Group 2: Market Position and Performance - Tesla holds a 43% market share in EV deliveries in the United States, leading the market [4] - The upcoming Q3 results announcement on the 22nd by Elon Musk is anticipated as a significant catalyst for the company [5]

Elon Musk is free to burn his own money in a political party. He is not free to bring shareholders like us along with him. He does not own Tesla.We do. And if Elon Musk does not want to be the full-time CEO of Tesla, he should tell us now because starting a new political party with the travel, the candidate recruitment, the training, and the organizing that comes with that is not a wise use of his time. Ed, he has been an extraordinary engineer and visionary leader for Tesla and for SpaceX.I have FSD in my ...

Core Viewpoint - JD Group is signaling its entry into the autonomous taxi (RoboTaxi) market by applying for multiple "Joyrobotaxi" trademarks across key international classifications, indicating a strategic move towards this emerging sector [1][2]. Group 1: Trademark Registration - JD Group's subsidiary, Beijing JD 360 Degree E-commerce Co., Ltd., has applied for several "Joyrobotaxi" trademarks, covering categories such as transportation tools, scientific instruments, and storage [1]. - The trademarks are currently in the status of awaiting substantive examination, suggesting that the company is in the early stages of establishing its brand in the autonomous driving space [1][2]. Group 2: Historical Context and Strategic Moves - Liu Qiangdong's interest in the automotive sector has been evident since 2015, when he invested in NIO, holding 2.82% of its shares through a family trust [4]. - In 2025, JD plans to expand its automotive market presence by launching 100 stores across 50 cities and investing 500 million yuan in vehicle trade-in subsidies, indicating a strong commitment to the automotive sector [4]. Group 3: Industry Competition and Market Dynamics - The RoboTaxi market has seen accelerated activity, with companies like WeRide and Pony.ai increasing their fleet sizes significantly, indicating a competitive landscape [6]. - WeRide has deployed over 400 RoboTaxis, while Pony.ai plans to exceed 1,000 vehicles this year, and LoBot has around 2,000 vehicles with plans to scale to 20,000 in two years [6]. - The cost of L4 autonomous vehicles is expected to decrease significantly, with projections suggesting that the cost could drop to around 30,000 yuan by 2026 [6][7]. Group 4: Future Outlook - Experts predict that through the mass production of autonomous driving hardware and software, the cost of autonomous vehicles could potentially fall to 50,000 yuan, making the technology more accessible [7]. - Companies in the autonomous driving sector are focusing on achieving profitability, with some like LoBot already nearing breakeven in specific markets [7].