Elon Musk spoke at the annual meeting of Tesla shareholders, where he talked about the company’s plans, new cars and his attitude to the press.
The meeting took place at a time when Tesla’s stock prices reached a two-year low, the previous quarter was the worst in the company’s history , and cars often had an accident with the autopilot turned on .
Nevertheless, Musk answered investors’ questions for almost an hour and a half.
About Tesla Sales
“I want to clarify: there are no problems with demand. Definitely not, ”said Musk.
Analysts and industry experts have questioned the demand for Tesla cars in 2019. This is largely due to the fact that they are still expensive .
Every Tesla car is sold above the average US price .
In January, Musk himself said that the “obstacle” to buying Tesla is “accessibility,” because “people literally don’t have money to buy a car.”
Musk briefly, but with great admiration, spoke about the future Tesla pickup truck.
I think this is the coolest car I’ve ever seen, to be honest.
He added that the Tesla pickup is superior in functionality to the Ford F-150, and in terms of speed, it is better than the base Porsche 911.
Tesla’s CEO “hopes” that they will be able to present the pickup this summer. Musk wants his base to cost less than $ 50,000 .
Call Tesla at the touch of a button
The company will soon add the Advanced Summon feature. With it, Tesla owners will be able to press a button in the application and call their car. He will independently move through parking lots and go around pedestrians .
Tesla now wants to make sure Advanced Summon is safe before releasing it.
Acquisition of Maxwell Technologies
Tesla recently completed the acquisition of Maxwell Technologies, an electric vehicle technology company.
Maxwell Technologies has several “very important technologies” that will increase and cheapen the production of lithium-ion batteries.
Is Tesla a mining company?
According to Musk, a pickup truck, a second-generation Roadster and Tesla Semi will not be released unless the company finds a way to increase battery production.
Part of this plan is the opening of Gigafactory battery factories around the world. But even this is not enough to satisfy the needs of the company.
We can enter the mining business, I don’t know, maybe at least a little. We will do our best so that we can scale as fast as possible.
The thing is that Tesla and other companies need cobalt, which is needed for the production of cathodes. This component accounts for 35-40% of the total cost of materials for one battery.
Mask against SMI
Musk says Tesla always refutes news that he considers unreliable. But these answers are always “buried.”
This is the craziest misinformation campaign I have ever seen.
Why Tesla Has No Ads
One of the shareholders asked Mask why he is not spending money on marketing or advertising, which the company is known to avoid.
Musk replied that the reason was a lack of funds.
We currently sell more cars than we can. Spending money on advertising can make things financially worse.
Tesla introduced its solar-powered roof back in 2016. This is a very expensive product so far. But soon everything can change.
Tesla is currently developing the third version of the panels. Musk says that the company has a “chance” to reduce the full cost of a solar-powered roof to a regular tiled roof.
Drew Baglino, Tesla’s vice president of technology, said his team “is very motivated by this goal, and we think we can achieve it.”
Tesla will soon begin offering insurance for its cars. It will be cheaper than other companies.
Before launching it, Musk said that Tesla “needs to complete a small acquisition and add some software.” [ The Verge ]