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7 Top Takeaways From Tesla & # 39; s Shareholder Meeting



June 12th, 2019 by Matt Pressman


Originally posted on EVANNEX .
By Matt Pressman

Who is diverting your attention away from this amazing American success story? There are some alligators who are hiding in FUD. Elon said, "This is the most crazy disinformation campaign I've ever seen."

However, the truth emerged last night when Tesla's duty was the annual shareholder meeting. Musk gave the company "union status" for 201

9. What are takeaways? Do not focus on worthless fodder. Yes, Tesla will do the defensive veins. No, Elon was not 007 (though he got a submarine car). Perhaps he was a Bond villain, though. In any event, here's what you need to know

1. No, The Request Is Not A Problem

"I want to be clear: no problem with the need," Musk announced. In fact, he said that Tesla got a "decent shot in a quarter record at each level." He said that Model 3 has all the premiums of its sedan competitors – similarly priced models from Mercedes, BMW, Audi and Lexus – combined . And, this market gained from far-fetched bigger than many initially thought. Model 3 actually has 63% of trade-ins coming from non-premium cars.

Tesla is not just pulling buyers from the manufacture of German luxury, eliminating sales from the mainstream car market (Source: Tesla )

2. Tesla Pickup Will Be A Cyberpunk Truck

Tesla's pickup truck disclosure is scheduled (hopefully) for later this summer. Musk said the Tesla pickup truck would be "more functional" than a Ford F-150 with better performance than Porsche 911. "I think this is the coolest car I've seen," said by Musk. The truck will look like "cyberpunk" as it came from a "sci-fi movie." He added, "We are trying to create something new and not just a copy of the form factor of everything else."

3. Battery And Powertrain Investor Day Is Coming

Musk says he's planning battery and powertrain investors days later this year – this summer's potential. The musk told Model 3, Model S and Model X outperform all non-Tesla EVs in power efficiency, measured in terms of miles per kWh. Furthermore, now in 2019, there is still no other automaker that matches the all-electric range of 2012 Model S. Tesla And yes, there's even a 400-mile vehicle range in works from the Silicon Valley automaker.

The 7-year-old Tesla battery technology remains superior to EVs from Big Auto today. (Source: Tesla )

4. Tesla Can Enter Mining Business

As Tesla grows its Gigafactories in Nevada, China, and (as soon as possible) in Europe, the company may start to minimize some of the minerals it needs to continue expanding. "We will do what we need to do to make sure we can measure the fastest possible rate," Musk says. He recognizes the two most important factors of the investor in considering the company's own self-drive and the ability to drive battery costs.

5. Model Y May Become A Game Changer

The Musk claims that the smaller SUV of the company, Model Y, may enter volume production "until the end of next year," and see higher demand than Model 3, S, and X combined . He also mentioned that (despite the larger form factor of the car) Model Y could boast a lower drag drag than the Model 3.

It appears that the largest automotive market segment for Tesla is coming. (Source: Tesla )

6. Tesla Makes "Getting"

At Tesla's Q1 earnings call, Musk said company's plan to launch a proprietary insurance offering that "would be more appealing than anything else" because of the vast amount of data Tesla collects from its collection. In-house insurance products can be more attractive (and accurate) than third-party insurance providers. At the shareholders' meeting, Musk said Tesla had a "small acquisition we needed to complete" before launching his own insurance business.

7. Buying a Gasoline Car Not Just Making Sense Previous

Musk said that countries around the world set deadlines to ban gas- and diesel-powered cars. "If you buy a car fuel that is not self-driving, it's like riding a horse and using a flip phone," he said. When considering the resale and future value estimates, "It's generally financially insane to buy anything other than an electric car that can upgrade to full autonomy," he added.


Tags: Elon Musk, EV sales, Tesla, Tesla annual shareholders meeting, Tesla Model 3, Tesla Model S, Tesla Model X, Tesla Model Y, Tesla sales, Tesla shareholders


] Matt Pressman is about Tesla. She is a TSLA investor, pre-order Model 3, and loves driving family model Model S and Family X Model. As co-founder of EVANNEX, a family business specializing in Tesla aftermarket accessories, he served as a contributor / editor of Electric Vehicle University (EVU) and Owning Model S and Getting Ready for Model 3 books. She is writing daily about Tesla and you can follow her work on the EVANNEX blog.




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