He started out by saying “Welcome,” but a thunderous burst of applause made him stop. He grinned as he surveyed the enthusiastic crowd and said, “I feel welcome.”
Musk’s impromptu speech was punctuated by cheers from the Technoking Cult, which he emphasized by declaring, “This is the best crowd.”
Musk’s enthusiasm for the opportunity presented by the annual meeting of stockholders became immediately clear. In addition to securing his celebrity, he hoped to use the event to motivate the crowd of investors who had grown to be staunch supporters of Tesla.
As the audience quieted, he said, “The Tesla team has done fantastic job.” He went on to declare a business milestone after stating that it was an honor to work with such a talented team at Tesla. We produced our three millionth automobile in the past few weeks. (Something that CleanTechnica predicted at the same time.)
He predicted that the company would keep constructing factories in order to reach its production run rate target of 2 million vehicles annually by the end of 2022.
However, the process of getting those factories to their maximum production level leads to psychological suffering and psychic harm for him and others. The corporation has attracted billions more in revenue than it has invested as a result of all the emotion and resiliency. Musk admitted to the sympathetic audience that it was very difficult. This is a major issue. Referring to a reciprocal convergence of cumulative earnings and investor happiness, I believe this will move up from here.
However, the enthused audience seemed more interested in Musk’s love than his goal. They shouted that they must be his favorite crowd of all because they are from Texas (the event was also advertised as Cyber Roundup 2022). He rebuffed and shook his head, adding that he also adored his Californian team and had nothing but praise for his groups in Shanghai, Germany, and other places.
FULL SELF DRIVING A CONVERSATION IN THE MIDDLE OF A DISPUTE He then moved on to the subject that meant the most to him. He explained that by resolving autonomy, cash flow will increase. As subsequent Full Self Driving (FSD) release objectives have come and gone, he laughed, catching himself in what has become a refrain of promises.
He responded in the affirmative to a question from the crowd about the unprotected left-turn adventures of a well-known YouTuber. “Yes, big architectural improvements will provide more precision in tricky left turns,” the audience member said. Musk stated that he much respects criticism of the issues that have bedeviled the FSD research team. He said bluntly, “I think we’re almost at 90% success rate for left turns.”
Overall, Musk’s speech was a little choppy and impromptu, but while discussing FSD, this was especially true. He said, “I think it’s working out nicely for me.” By converting what a biological neural network and technological prowess are designed to do for human vision and sight, we are successfully filling some gaps in artificial intelligence. However, for the project to be successful, Tesla has to hire skilled AI researchers.
He used the evolution of elevators, which at first required an operator to travel between floors, as an analogy for how AI is progressing. But occasionally, someone might cut someone in half due to a mistake. Eventually, technology advanced to the point where they were flawlessly automated. (Upon reflection, Musk probably wishes he hadn’t acknowledged deaths as a vital part of innovation.)
The California Department of Motor Vehicles accused Tesla of falsely advertising its driving aid technology in two complaints the next day, according to the New York Times . This might have an impact on the company’s ability to sell cars in the state. The organization said that Tesla had deceived consumers by portraying cars with its Autopilot and Full Self-Driving Capability technologies as autonomous in ads.
The licenses for Tesla to produce and sell automobiles in California may be suspended or canceled if the agency’s objections to the state’s Office of Administrative Hearings are successful.
HARDWARE, SOFTWARE, ANDAMP; FACTORIES OH, MY The conversation then switched to how Tesla had the largest operating margin in the sector. He described Tesla as a massive cybernetic collective and claimed that this is largely due to the fact that it is just as much a hardware corporation as it is a software firm. He emphasized to the audience that not many other businesses share his viewpoint.
Musk used the annual gathering to celebrate the market share that EVs are taking away from traditional automakers and to poke fun at the holdout automakers who are only now embracing EVs even though this wasn’t the case five years ago. Tesla was unique. Tesla was aware that if electric cars were enticing, people would buy them as a sort of personal transportation “field-of-dreams.”
The Model Y is expected to be the highest-revenue vehicle by unit this year and the highest-volume vehicle by unit next year, according to the company’s plans. The success of the Model Y depends on productive factories. He joked that these factories don’t just “work,” adding that there is still more work to be done to get the two new gigafactories in Austin and Berlin up and running.
How quickly you can resolve the 10,000 issues that come with a new facility determines the rate of production, according to Musk. Tesla has a history of producing solutions to these issues quickly.
Musk chuckled and accepted recommendations as the site of the future Gigafactory was called out by the audience. According to him, Fremont already produces more than any other manufacturer in North America. He admitted to the Austin audience that the Shanghai team is challenging to beat. In the end, I don’t know, we’ll probably construct at least 10 or 12 gigafactories. According to Musk, they will actually be gigafactories because each one is capable of producing between 1.5 and 2 million units each year.
THE TESLA TRIAD: RENEWABLE ENERGY GENERATION/STORAGE, ELECTRIC CARS, BATTERIES, ANDAMP; In a slightly didactic tone, he reminded the audience that electric automobiles drastically cut CO2. He explained how battery recycling begins out tiny but rapidly gains importance. Musk ordered that only roughly 50 batteries are recycled each week due to the fact that the bulk of batteries are still in use after an audience member cried about the need for improved battery recycling methods.
What are the company’s next actions with regard to scaling up everything required for a truly sustainable economy? It is necessary to articulate electronics and their individual components, a task that Tesla is currently completing. All we want is that it be finished as soon as possible.
I encounter a lot of folks out there who have given up hope, Musk thought as he became more introspective. He paused to laugh, as he did throughout his statements. He told the audience that Earth could and would be saved.
He collected himself and went back to his producing triumphs. We’ve also made significant improvements to the construction of car castings, reducing it from 171 pieces to just two and making it lighter and more rigid overall.
He added that Tesla has modified the factory structure so that manufacturing will be the company’s long-term sustainable factor. He grinned, “That high-speed, extremely automated competence will be difficult for other automakers to replicate.”
Shortly later, the Musk portion of the annual meeting of stockholders came to a close.
It was obvious that his job as CEO of Tesla was laced with celebrity. His position as a powerful CEO is entangled in a tangle of original engineering insight, divisive public opinion, and influence from zero emissions. He is a legend who defies the CEO’s conventionally reserved voice and instead inspires new iterations of the American Dream.
Although his efforts to save the world are surrounded by controversies and doubts, his performance at the annual meeting/2022 Cyber Rodeo shows how his captivating quirkiness frequently dispels concerns about his leadership.
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