（Cover Image: Tesla’s logo displayed at the end of the shareholders’ meeting with “DON’T MESS WITH TESLA” on it.)
The Tesla shareholder meeting for 2021 has ended, and we have organized some information below. There are some new things in this meeting:
Summary and Outlook
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The delivery target for 2030 is 20 million vehicles.
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Tesla may authorize its self-driving technology to other enterprises if needed.
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The new vehicle will not be called Model 2, and Model 3 is only so named because Ford has registered Model E.
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Tesla Model 3 is already the world’s best-selling single luxury car model, and with further production capacity improvements, Model Y is expected to become the world’s best-selling single car model in annual sales.
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Tesla’s compound annual growth rate has reached 71% since Q4 2016, and despite the continuous decline in the sales price per car, the gross margin has increased to 24%.
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Compared to hardware, Tesla has achieved more in software.
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There has been a significant increase in the number of resumes received by Tesla after AI Day.
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AI technology may pose a threat to humans, but AI is a development trend, and Tesla will try to make “good AI” as much as possible.
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With further development and market expansion, Tesla will create various types of car model product lines, and the car models will be more diversified.
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There is currently no stock split plan, but there may be one in the future.
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Tesla currently does not have a shareholder dividend plan. Typically, only companies that are near the top of their development have dividends, but Tesla is not at that stage yet.
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Building a factory on another planet is an interesting idea, and we hope to achieve it in our lifetime.
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FSD Beta 10.2 will start accepting applications tonight and will screen based on safety ratings, starting from 100 points.
Factory and Manufacturing
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The Tesla headquarters will move to Texas. For Tesla’s current scale, Texas has advantages in terms of employee cost of living, overall transportation logistics, and more.
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The models released by Tesla are confirmed to be in production, and the main reason for the delay is the severe shortage of auto parts in the automobile industry, which is very common. Without adequate production capacity, it is meaningless to start mass production.
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Cybertruck will start mass production next year, with large-scale production scheduled for 2023. Semi and Roadster 2 also have the possibility of starting mass production in 2023.
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The production capacity of the Fremont and Nevada factories will continue to expand an additional 50%.
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The Shanghai and Berlin factories will continue to expand, and there are currently no urgent plans to build new factories. Site selection may begin next year, and a decision may be made in 2023.6. The 4680 battery cell cannot be mass-produced this year. The current production capacity of the trial production line is 10 GWh. It is only one mile away from the Fremont factory. This capacity is sufficient before the 4680 Model Y officially starts mass production at the Texas factory.
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The energy storage business uses many components that are similar to those used in the automotive business. Shortages of automotive components also affect the energy storage business. This year, components will be given to the automotive business first. After the supply increases, the photovoltaic and energy storage business will see significant growth. It may be included in the quarterly financial report next year.
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Lithium is not in short supply, what is really scarce is electrode materials such as nickel. All standard range Tesla models and energy storage batteries will be replaced with lithium iron phosphate batteries.
PS: Musk has previously stated that Supercharging will be open to third parties, and now he reveals that Autopilot can also be licensed externally. Will Tesla have an electric vehicle engineering solution contract in the future?
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.