Thoughts on the shareholder meeting?

[Mikec3399]

The Cybertruck beat the “F150” in the sled-drag competition flat out. Not sure which ford truck was used though.

Have you towed with a Cyberbeast yet?
I tow up and down the east coast from New England to GA,
Power wise, Cyberbeast wins, nothing compares, for 80-100 miles, Range sucks
however, my 7.3 Diesel, for longevity kills it!
I have free lifetime supercharging, however I will never tow a 8,000 lbs trailer to GA again,
24 hours and 25 charges each way!
sucks! and don't get me stated about dropping my trailer to charge each time, and re-hooking up.

I went last weekend, from CT to GA, Sat to Tuesday, 1130 miles each way towing in my Diesel, $950 fuel round trip, but 14 hours each way.

For short trips, 100 miles or less, Use your Cybertruck, for longer trips, keep the RAM. 315k on my diesel and still going. I am keeping if forever!

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[Leifmb]

Have you towed with a Cyberbeast yet?
I tow up and down the east coast from New England to GA,
Power wise, Cyberbeast wins, nothing compares, for 80-100 miles, Range sucks
however, my 7.3 Diesel, for longevity kills it!
I have free lifetime supercharging, however I will never tow a 8,000 lbs trailer to GA again,
24 hours and 25 charges each way!
sucks! and don't get me stated about dropping my trailer to charge each time, and re-hooking up.

I went last weekend, from CT to GA, Sat to Tuesday, 1130 miles each way towing in my Diesel, $950 fuel round trip, but 14 hours each way.

For short trips, 100 miles or less, Use your Cybertruck, for longer trips, keep the RAM. 315k on my diesel and still going. I am keeping if forever!

I’ve only carried a motorcycle so far-right in the bed. And if I towed a car, it would likely only be like 250mi or so, so no problem.

 

[Gigahorse]

Texting and driving, sounds silly but this is a hint that FSD might be starting to get better.

 

[JoeHill]

Well…spill it. Give us your take. Unfiltered.

I think the biggest issue is he'll potentially get paid hundreds of time more than any other CEO, if TSLA stock price increases at a little over 3% annually ($2 trillion market cap could pay out $200 billion) for the next decade. That's an absurd payout for what is likely underperforming the market substantially/ barely keeping ahead of inflation.
Then again most people suffer dyscalculia mildly to an extreme amount and just don't get numbers.

 

[Mikec3399]

Texting and driving, sounds silly but this is a hint that FSD might be starting to get better.

I jump off my seat when I heard that! Think about Cybercab, I can text, why not in my beast

 

[ABILISK]

I'm curious to what the resident Cybertruck owner Dr.'s thought about Elon's comments about Optimus and surgery/health care uses.

Yep @hemiarch is out of a job. I am too, he said Optimus would stop people from committing crimes.

 

[Mikec3399]

I’ve only carried a motorcycle so far-right in the bed. And if I towed a car, it would likely only be like 250mi or so, so no problem.

Meet the family, two ford excursions on 7.3, one V10 gas guzzler and two 2024 FS Cyberbeasts, keep the RAM!

 

[HaulingAss]

Wrong. First, the shareholder vote on pay is advisory only, isn’t a binding up or down vote. The board compensation committee isn’t bound by the vote in any way, but will consider it.

Considering that the Compensation Committee came up with the compensation package, and the Board of Directors has already approved it, the compensation package will likely be implemented exactly as presented (or slightly less beneficial). Anything else would have the BoD re-submitting it to shareholders for approval to reduce the risk of shareholder lawsuits by shareholders with questionable motives. That's not going to happen, this was a relatively expensive and time-consuming process and it's essentially over. You are being very naive to believe differently.

75% isn’t great or even good, especially considering the nature of the institutional investors that publicly announced opposition.

Try to be logical. The announced opposition of some large institutional investors, and both firms providing proxy voting recommendations, actually makes the 75% approval a stunning defeat to those trying to derail it. The vote wasn't even close to the 50% needed to throw Tesla into chaos like the opposition wanted. We knew going into this it was not going to be above 90% approval, given the corrupt and woke nature of the proxy advisory firms who recommended a no vote to all the index fund managers who blindly follow those recommendations to avoid legal liability (even if they personally disagree with the recommendation).

Your comments show a real disconnect from reality. Sure, the vote had a very high likelihood of passing, but it was never going to be over 90% approval, given how loud and entrenched the opposition was.

 

[HaulingAss]

Yep @hemiarch is out of a job. I am too, he said Optimus would stop people from committing crimes.

Ha-ha. Elon is a visionary. His comments were looking decades into the future. Elon regularly thinks on timescales many of us cannot even understand why he would look so far forward. It's because he cares about the future of humanity, the most amazing development we know of in the wonderful chaos we call "the universe". His hope is that we will understand it better over time.

 

[Poporbit]

I'm a long time investor in TSLA but the current stock price giving a PE ratio of 230 ( in the stratosphere) it's extremely out of line. The company profits (and revenue) will need to increase 8-10x to bring this back into alignment with the market. To expect this stock to increase over the next few years is not reasonable. What am I missing?

 

[jimbobb23]

The futurist stuff I find worthless. Asking Elon to speculate on nonsense is fine but he does it all the time everywhere and shareholder time should be to ask more relevant questions. I am a tiny tiny shareholder but I would have liked more questions on the dry cathode experiment and how it hasn't panned out, how much was lost and what are the implications for future earnings.

Every timeline Elon says should, respectfully, be multiplied by 3-10x. He gets it done but robots are not going to impact the margin anytime soon. Tesla actually faces a problem if cybercabs replace all car sales...I doubt ride sharing can replace car income. So it's kind of interesting cross roads and I sure management team will get through it.

 

[YDR37]

Tesla actually faces a problem if cybercabs replace all car sales...I doubt ride sharing can replace car income.

Well, Elon's pay package makes it clear that Tesla really does expect their car sales to fall hard in the future as they transition to autonomous vehicles.

the first “product goal” that Tesla’s board of directors laid out for Musk to achieve on his path to becoming a trillionaire is to deliver 20 million vehicles total ... by 2035.

Tesla hit the 8 million vehicle milestone earlier this year. So they need 12 million more to hit the 20 million target by 2035, which is 10 years from now. So the goal is 12 million new vehicle deliveries over the next 10 years, which is an average of 1.2 million vehicle deliveries per year.

Tesla deliveries peaked in 2023 at just over 1.8 million. They have since fallen, but even so, they will end up between 1.6 and 1.7 million for 2025. Even the bears don't expect Tesla deliveries to drop to just 1.2 million in the foreseeable future.

But Tesla management apparently does see it that way. I think the assumption is that one Cybercab or Robovan, operating autonomously 24/7, replaces multiple personal vehicles. Within 10 years, you will be calling for a Tesla vehicle to get where you want to go; you won't need to personally own one. I think that Tesla really does expect that the new ride sharing profits will replace the lost profits from lower car sales.

 

[Fvansan]

Well…spill it. Give us your take. Unfiltered.

 

[Fvansan]

Well…spill it. Give us your take. Unfiltered.

 

[hemiarch]

Yep @hemiarch is out of a job. I am too, he said Optimus would stop people from committing crimes.

That’s complicated. I’m a huge proponent of AI and robotics in healthcare. I already trust but verify a fair amount of ai generated summaries and am able to achieve things without an assistant using the Da Vinci robot that would be basically impossible even with four hands inside the patient.
That said, every patient is truly different and circumstances change all the time and that makes it very difficult for an AI to “learn” certain parts of doctor judgment.
I expect this to get a lot better and more useful to me over time but with respect to healthcare I don’t think there is any way it’s ever going to become more than a very sophisticated instrument wielded by a human. The decision IF to operate and when to stop and come back to fight another day will in my opinion always remain the surgeons just like the decision IF to bomb will always remain the drone pilot’s.
And as for arrests, you tell me @ABILISK, seems like the technology can make policing safer for you and more efficient but will ultimately remain in your control.
Legal beagles, do you see it ever replacing a judge or jury? I think not.

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