Key Points from the 2024 Tesla Shareholders' Meeting:
1.Musk's Compensation Package Approved: The Tesla shareholders' meeting overwhelmingly approved Musk's $56 billion compensation package, despite opposition from some institutional investors.
2.Tesla's Corporate Relocation: The meeting supported the move of Tesla's corporate registration from Delaware to Texas, a decision Musk had previously indicated he would no longer register companies in Delaware.
3.Optimus Robot Progress: Musk announced that the Optimus robot will begin limited mass production in 2025, predicting that more than 1,000 will be working in Tesla factories.
4.Tesla's Technological Innovations: At the shareholders' meeting, Musk shared the latest advancements in electric vehicles, solar technology, and energy storage solutions, showcasing the company's technological leadership.
5.Cybertruck Production and Sales: The Cybertruck Foundation series is about to conclude, and the next quarter will offer the Cybertruck not in the Foundation series. Musk mentioned that although the Cybertruck is primarily designed for the North American market, Tesla may introduce the model to other markets next year.
6.Tesla's Battery Costs and the 4680 Project: Musk pointed out that battery suppliers have significantly reduced battery prices, and Tesla is working hard to achieve parity in battery costs, which is key to improving vehicle affordability.
Overall, the shareholders' meeting did not announce any bad news, nor did it have too many short-term positive news that could boost performance. Tesla's current stock price still largely depends on the situation of car sales.
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