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Tesla (TSLA) 2019 Annual General Meeting: Live blog




Teslas (NASDAQ: TSLA) 2019 annual shareholder meeting comes at quite a historic time for the electric car manufacturer. The past year has proven to be a Tesla investors' roller skates, with TSLA shares rising as high as $ 387.46 per share and falling to as little as $ 176.99 per share. In the middle of these wilds, the Tesla Model 3, which is currently in its international rollout.

The last month was a challenging time for Tesla's investors. Following the company's lower expected delivery and production figures in the first quarter, Tesla was hit by a perfect storm that included several negative analysts, pessimistic media stories and claims that demand for the company's vehicles is declining. These concerns have been largely eliminated in recent weeks, as there have been signs that Tesla, and especially Model 3, could be well prepared to surprise this second quarter.

For the annual general meeting, Elon Musk and Tesla's leaders are expected to address retail investor issues that may vary from the company's current projects as the model 3 ramp to their future endeavors as the Tesla Pickup Truck. Questions aggregated by investor communication platform Si also point to inquiries about Tesla's justification behind the Maxwell acquisition, as well as the company's plans for its insurance services, among other things.

The following are live updates from Tesla's 201[ads1]9 annual shareholder meeting. Fellow Teslarati reporter Dacia Ferris and I want to update this article in real time, so please refresh the page to see the latest updates on this story.

Dacia 15: 40 PT : Shareholder issues about China's EV growth – 500,000 units a year from Gigafactory 3 seems a bit low? Why was the goal set for it? Elon says he believes the long-term G3 will do more, it's more of a temporary goal. He sees several factories in other parts of China.

Dacia 15:32 PT : "This may make sense … we will probably do something like that," Elon agrees that a mobile driving service should be made available before the Tesla Network / robo taxi release.

Simon 15:32 PT : Monitored "Robotaxis" is a trip, says Elon.

Simon 15:30 PT : As for Starlink tech used for Tesla's electric cars, Elon says that the company must design an updated antenna for the vehicles. Musk also notes that Starlink is really not that big for high density areas. Instead, it is designed to connect to the poorly operated areas of the globe.

Dacia 15:28 PT : Elon says the Starlink antennas will be about the size of a small pizza. Like, are we talking Brooklyn style? What about pepperoni?

Simon 15:26 PT : The Tesla insurance comes soon after a "small acquisition" is completed. Some software must also be written for the service.

Dacia 15:26 PT : "I am often too optimistic about timeframes," accepts Elon, and refers to a prompted question about Enhanced Summon. It was estimated to come soon a couple of times already. "There is a lot of complexity in parking lots, it turns out."

Simon 15:23 PT : As for Maxwell tech, Elon says that Tesla will save it for a "battery and fuel investor day." Register!

Dacia 15:24 PT : "We are not idiotic … We make all the moves to be the master of our own destinies," Drew adds to the challenges of the battery / scaling. [19659005] Dacia 15:23 PT : "We can get into the mining operations … maybe a little," Elon drills, referring to battery scaling – Tesla's biggest challenge right now. "Battery cells and full self-drive. These are the two most important points," says Elon.

Simon 15:20 PT : Elon discusses Tesla & # 39; s "Cyberpunk" pickup truck. The coolest vehicle he has seen so far. It seems certain at this point that Tesla Truck does not look like a regular pickup.

Dacia 15:19 PT : "We remove a lot of repair in the house, "Elon details and also quote service requests via the Tesla app.

Dacia 15:18 PT :" When you buy a car, you buy freedom. Freedom to travel, "says Elon, referring to all the entrances entering the Tesla ownership.

Simon 15:15 PT : Elon discusses the extension of the Supercharger V3 network." Superchargers and Service Centers are key

Dacia 15:13 PT : It is all love for this Tesla management crew … nevermind Drew was not introduced for a little there. 19 [19659005] Simon 15:11 PT : Can't escape how relaxed Elon is today. Same thing with JB. They extend confidence to today's meeting.

Simon 15:08 PT : Elon shares the idea of ​​having a Gigafactory on all continents, he also notes that the Solar Roof is now on "version 3."

Dacia 15:08 PT : Version 3 of the Solar Roof … Elon predicts the costs equal to a single roof plus electric Cheaper roofs, better finances … Elon has "smeared on the table" over doing this shit e. "It can be done!" Drew in.

Dacia 15:07 PT : Muscle jokes that Gigafactory 3 needs air traffic because all the drones fly over and take update pictures.

Simon 15:05 PT : JB and Elon express their thanks to everyone who helped make Gigafactory 1.

Dacia 15:04 PT : Elon explains why Powerpoint presentations still win. 5 slides = Financing for Gigafactories to create more batteries than what is in the world combined.

Simon 15:03 PT : Well, see who we have here. JB Straubel is in the house. There is another bear task, I guess. JB also discusses the conceptualization and creation of Gigafactory 1.

Simon 15:02 PT : Model Y may have a lower drag coefficient than the model 3. It is quite darn impressive.

] Simon 15:01 PT : "Clearly we are on the road to electrification. Clearly we are heading for autonomy," says Musk, and emphasizes how Tesla's vehicles prefer purchases on petrol cars.

Dacia 15:00 PT : Buying a car in addition to a Tesla is like … "driving a horse and using a flip phone," says Elon. Um, OK. Let's roll with the visual. Memes … ..go!

Dacia 14:58 PT : I can't decide if I should refer to him as "Elon" or "Musk" … it really depends on what he says, no? Speed ​​App = Elon, Tesla Network = Musk. ¯ _ (ツ) _ / ¯

Simon 14:58 PT : Musk repeats his point about Tesla's full self-propelled technology. "It's just hard to buy a fossil fuel car at this point," he says.

Dacia 14:56 PT : Musk speaks to all the factors that lower the cost of ownership of a Tesla over gas-powered competitors. Also … it is designed to have the most fun with gemstones as fresh app. (He means emission testing)

Simon 14:55 PT : Elon also highlights cheaper maintenance costs for electric cars. It's quite like an Accord, he says, just better. It also has "gems" like the Speed ​​App, "which is my personal favorite," Elon added.

Dacia 14:53 PT : "No electric car has exceeded the area we came out with On the first model S in 2012, Musk says smiling … still struggling not to seal competitors. [19659002] Simon 14:53 PT : Elon also notes that it is not a "demand problem." It goes

Dacia 14:52 PT : "E-tron … there is room for improvement, "says Musk. He also tries (?) Not to choose the brand that has had any problems lately.

Simon 14:51 PT : Elon touts Tesla's leadership in efficiency "I don't want to pick on (Audi) e-throne, but …" The audience, of course, get it.

Dacia 14:50 PT : "It is remarkable that an electric car is the highest income car in the country, "Elon touts, and rightly so.

Simon 14:49 PT : Elon says that while the last year has been challenging, there are many good news about Tesla, from the beginning, "Model 3 is outselling all its competitors in the US," says Elon Musk. He also thanks the hard work of the Tesla team.

Simon 14:48 PT : Elon Musk takes the stage.

Dacia 14:46 PT : I'm Allll about the fun part!

Simon 14:40 PT : And now the election begins. For this background, please see our article on the agenda for today's meeting.

Dacia 14:37 PT : "You must have a certain amount of intestinal strength as an investor … and you have it in spades, says denholm. That's for sure.

] Simon 14:35 PT : Tesla chair Robyn Denholm takes the stage to tackle investors in her welcoming comments. Teases Elon's upcoming presentation.

Dacia 14:33 PT : Selfie time FTW!

Dacia 14:31 PT : Where is the music video?

Simon 14:30 PT : Must start at any time now

Simon 14: 24 PT : Now all we need to know is if the red model Y is separated from the blue. Quite cool if Tesla has two working prototypes right now.

Dacia 14:20 PT : Twitterverse says that red model Y is a working prototype. (H / t Ryan McCaffrey )

Simon 14:13 PT : It's full house (thanks to Tesla owner-inve great Dennis Pascual). Just over 15 minutes before it starts.

Simon 14:10 PT : Cannot wonder if the red Y is just a wrapped version of the blue prototype from the disclosure. Surely it looks like a working model imo. But the OEM chrome though.

Simon 14:09 PT : Some cute cars outside the meeting point. Red Model Y is fire.

Dacia 14:05 PT : Woo! Tesla live blog time again! Red cars at the shareholder meeting for passion … or panic ?? (thin down thin! Just pre-cast FUD)



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