Investor's Corner
LIVE BLOG: Tesla 2022 Cyber Roundup (Annual Meeting of Stockholders)
Tesla’s (NASDAQ:TSLA) 2022 annual shareholder meeting, also known as the 2022 Cyber Roundup, is just a few minutes away. There’s quite a lot of excitement leading into the event, with attendees sharing photos of vehicles like the Cybertruck and the Tesla Semi on social media.
This year’s annual meeting of stockholders comes after one of Tesla’s most challenging second quarters to date. During Q2, Tesla delivered a total of 254,695 vehicles and produced 258,580, lower than the company’s numbers in the first quarter. Despite this, Tesla revealed in its Q2 earnings report that it was able to maintain its profitability despite the second quarter’s headwinds.
Tesla’s 2022 Cyber Roundup is expected to begin with stockholders voting on a number topics and concerns. Following this, a Q&A session with CEO Elon Musk and a number of other executives is expected.
The following are live updates from Tesla’s 2022 Cyber Roundup. I will be updating this article in real-time, so please keep refreshing the page every minute or two to view the latest updates on this story.
18:29 CT – And that’s a wrap everyone! Thanks so much once more for following us on today’s live blog. We’ll see you in the next Tesla live event!
18:28 CT – A final question is asked, specifically on how the masses can help achieve the company’s vision. Elon notes that Tesla shareholders are doing great so far, as well as the company’s customers. “If we work hard towards a sustainable future, we will achieve it,” Elon said.
18:25 CT – A question about Teslas potentially communicating with each other and Dojo being like an air traffic controller. Elon muses that this is actually not a bad idea, and it’s one that he hasn’t really thought about.
18:22 CT – A question about Robotaxis and The Boring Company is asked. He notes that The Boring Company is doing well, actually. Musk noted that he is fond of high-speed trains. “Just want to be clear, I’m pro train. I take every opportunity to ride on trains,” Musk said.
“Boring Company is capable of much more transformation than it may seem,” Elon added.
18:20 CT – Elon candidly admitted to shooting his foot a lot, but he should be able to push Twitter’s engineers towards something more ambitious. Musk says that he has an idea way back in his X.com days, but Twitter would accelerate this. “I think its something that would be very useful to the world,” Musk said.
18:18 CT – A question about Elon Musk’s succession is asked. Elon notes that Tesla is gathering a lot of momentum, as well as a road map that will last a long time. Execution will be hard because many of them are not made by anyone else. Musk intends to stay with Tesla as long as he’s useful, and he feels most useful in product design and manufacturing.
“Tesla will continue to do well even if I’m kidnapped by aliens, or went back to my home planet,” Musk joked.
18:16 CT – A question about Tesla’s pilot city for Robotaxi program is asked. Musk noted that there will probably be no pilot city because Tesla is aiming for a general solution for autonomy.
18:15 CT – A question about Tesla using thermal energy in its factories is asked. Musk noted that Tesla already does this in cars. The same concept should apply to factories. “It’s probably worth doing in the future,” he said.
18:13 CT – Elon also noted that he is absolutely open to the idea if “space marines.”
18:12 CT – Elon notes that retail investors understand Tesla better than analysts. Companies exist to make products and services. If the products and services are great, then the company is valuable. The CEO noted that people typically fret about short-term things. The supply shortage is one of them, as some are one-off items.
18:09 CT – Suggestions about Autopilot improvements are proposed. Elon noted that the AP suggestions are good.
18:08 CT – Elon gets a thank you from the shareholders. He thanks shareholders back for their support.
18:06 CT – First live question is about vehicle sharing. Elon notes that for the most part, cars just stay unused. If cars are autonomous, they can be used more. Oh, and a rental model for Optimus may be possible. If Tesla is successful, Musk noted that it could be the most valuable company today.
18:04 CT – Live Q&A starts!
18:03 CT – A question about peak inflation and a recession as a challenge in 2023 is asked. Musk noted that prices are trending down. “We will have a recession, I think a relatively mild recession. I guess its a mild recession for, I dunno, like 18 months or something.”
18:00 CT – As for the company’s 4680 ramp, Elon noted that Tesla might enter high-volume production by the end of this year. This does not affect vehicle output, though. Tesla has enough battery supplies from its suppliers to build 1.5 million cars this year.
Next year though, the 4680 battery cells will be crucial.
17:59 CT – A question about the real estate strategy for Superchargers and Tesla restaurant locations across the US was asked. Elon noted that Tesla deploys Superchargers with the greatest need. He ponders an online poll to ask owners where Superchargers are needed.
Elon notes that the upcoming diner in LA will be a cross between Blade Runner, Grease, and The Jetsons. It will be open to everyone, including non-Tesla owners. If it’s successful, the project will be rolled out to other locations.
17:56 CT – As for the geopolitical tensions between the US and China, Elon notes that he is hoping for peace and respect between the two countries.
17:54 CT – Cybertruck specs and pricing will be different. It was released in 2019, and a lot has changed. It will be worth it, though. The next couple of months will see the first Cybertruck production equipment installed in Gigafactory Texas.
17:52 CT – A question was asked about how many Gigafactories are needed for Tesla to reach 20 million cars. Elon notes that the company will probably need a dozen or so.
17:51 CT – A slide has been posted with the words “The Next Decade.” Elon ponders where Tesla will be in the next decade. Elon notes that 100 million cars will be pretty doable. “I’ll be surprised if it’s not over 100 million in 10 years,” Musk said.
He also teased many other products, some of which have been hinted at and some which are not.
17:52 CT – Some questions submitted through Say are discussed. First up is acquisitions. Elon notes that Tesla doesn’t really acquire companies that much. If Tesla sees an interesting company, it will acquire it. But it will be rare.
Share buyback is on the table.
17:49 CT – Long-term, Elon notes that Optimus should be more valuable than Tesla’s vehicles. It could effectively disrupt the economy.
“It could turn the economy on its head,” Musk said.
17:47 CT – Elon discusses Tesla’s safety, and how the company improves its cars to be safer over time. He also mentioned that FSD Beta should pass 100 million miles soon. Oh, and FSD Beta will be there to whoever requests it this year.
17:45 CT – Elon teases that “some cool things are happening on the Supercharger front.” Tesla is also doubling its Supercharger count every year.
17:42 CT – The Tesla CEO discusses how the company’s manufacturing has gotten better and more efficient over time. Musk also notes that Tesla and SpaceX are where the smartest engineers want to work at. Where the ace players go, that team will likely win. Elon adds that Tesla and SpaceX allows employees to work at both companies.
17:40 CT – Musk discusses some teasers for Master Plan Part 3. “Earth can, and will be saved,” Musk said. He highlights the advantages of megacasts, which reduced the 171 pieces of metal castings into two. It makes the cars better too. “It’s a testament to our materials thing. We’re really rethinking how cars are made,” Musk said.
17:39 CT – Musk discusses some teasers for Master Plan Part 3. “Earth can, and will be saved,” Musk said.
17:37 CT – Tesla is already recycling battery packs at over 50 packs/week at Giga Nevada. There are just not many packs to recycle because the vase majority of them are in use. He also discusses Master Plan Part 3, which is all about scale.
17:35 CT – Elon jokes that Tesla Shanghai is hard to beat, even if there is a friendly competition between the company’s Gigafactories. Oh, and Tesla Energy has produced more energy than consumed by Tesla’s EVs in their production and charging.
17:34 CT – Elon jokes that Tesla Shanghai is hard to beat, even if there is a friendly competition between the company’s Gigafactories.
17:33 CT – Elon teases that another factory location *might* be announced later this year. The audience asks for a hint. Elon asks the audience where Tesla’s next factory should be built. There’s a lot of Canadas. Elon jokes that he’s half-Canadian, so… Tesla is also poised to build 10 to 12 Gigafactories, each one producing 1.5-2 million cars or so.
17:31 CT – Model Y could be the highest-selling vehicle by revenue this year, highest by volume next year.
17:30 CT – Elon notes that while there are narratives about EVs competing against each other, electric cars are actually taking market share from gas cars, not other EVs. Tesla welcomes competition, the CEO said. He jokes that every time competitors advertise for EVs, Tesla gets more sales.
“Almost every car company in the world has embraced electrification,” Musk said.
17:28 CT – Musk reminisces how he was told that starting a car company is dumb, and starting an EV company is dumb squared. Tesla now has industry-leading margins.
17:26 CT – The CEO did state that FSD Beta’s purpose is really to keep the roads safer. Lives will be saved. Cars will be like elevators. Just autonomous by default.
17:25 CT – Elon jokes that FSD Beta will achieve autonomy “the year for sure.” It’s an inside joke at this point. But it’s undeniable that FSD Beta is improving at a very rapid rate. FSD Beta 10.13 is good, might count for “10.69,” Elon joked, though the system would have to earn that. He pledges to “solve Chuck’s turn,” a reference to a tricky left-hand turn from a longtime FSD Beta tester.
“I’m hopeful 10.13 might be next week,” Musk said.
17:22 CT – Elon highlights that he loves California, to some boos from the audience. “C’mon!” Musk laughs. He notes that Tesla has great teams in California, Berlin, Shanghai, and Texas. And all over the world of course. He also shows Tesla’s profitability over time. “I think it’s gonna go up this year,” Elon said.
“I’m just very proud of the fact that we’ve been able to produce cash than we’ve been able to spend,” Musk said.
17:19 CT – Tesla may hit the 1.5 million mark this year. Tesla also made its 3 millionth car this past week. Elon notes that 10 years ago, Tesla made 2500 original Roadsters and about a few hundred Model S. Ten years later, Tesla has made 3 million cars. Musk jokes that Tesla’s vehicle ramp looks like a multilevel marketing scheme (lol).
17:18 CT – Elon highlights that Tesla has accomplished a lot in the past year. “It’s been an amazing year,” he said, adding that it’s an honor to work with such a talented team at Tesla. The CEO states that Tesla is looking to achieve a run-rate of 2 million vehicles per year by the end of 2022.
He also said that the attendees are the “best crowd,” to yet another standing ovation.
17:16 CT – Elon welcomes the attendees to the 2022 Cyber Roundup. He jokes that he feels very welcome. Shareholders joke that Musk should take off his shirt, a reference to paparazzi photos of him a few weeks ago. Elon laughs.
17:15 CT – Elon Musk takes the stage to a standing ovation. He seems to be in high spirits.
17:14 CT – The polls have now closed. Tesla Board recommendations have been approved except for Items 2, 3, and 6. Meeting is now adjourned. Elon is coming.
17:12 CT – A shareholder proposal on Tesla’s water risk is discussed. The shareholder states that Tesla’s facilities are located in areas where water is at risk. The proposal is very similar to the talking points of Giga Berlin’s critics, who also cite water risk as a reason for their opposition to the facility. Tesla has maintained that its facilities use as little water as possible.
17:08 CT – A shareholder proposal on Tesla’s freedom of association and collective bargaining policy is discussed. A report on additional reporting on child labor is also proposed. The shareholder requests Tesla to report on its plan to eliminate child labor by 2025. Martin gently reminds the shareholder that the three minutes have passed, to much applause.
17:03 CT – Another shareholder proposal is put forward on reported on lobbying. The shareholder cites Elon Musk’s lack of support for the Biden administration’s Build Back Better Act. Shareholders in attendance cheered when Martin called out the time limit.
16:57 CT – Another shareholder proposal is put forward, this time on reporting employee arbitration for dissolving worker concerns today. The stockholder cites Tesla’s racism issues alleged in the mainstream media, especially among Black workers. The shareholder alleges that “racism has no place in a business that’s seeking to lead us into the future.”
16:52 CT – First stockholder proposal is about allowing long-term shareholders to be able to nominate directors. The second proposal is about anti-harassment and discrimination efforts at Tesla. A third stockholder proposal is related to an annual board diversity report. The shareholder alleged that Tesla’s board diversity is disproportionate to its employee base.
16:46 CT – Martin outlines the items of the agenda. He briefly describes the topics that will be voted on today. He also discusses some shareholder proposals that Tesla has advised its stockholders to vote against. Shareholders are allowed to discuss their proposals for several minutes.
16:43 CT – Martin’s back and the voting begins. Here we go.
16:41 CT – Denholm notes that Tesla’s Board is proud to be part of the company. She hints at decisions that have been made for Tesla’s goals, which happen to be incredibly bold.
She also announces the creation of a new shareholder platform that will make it easier for stockholders to communicate with the company. More details on this in the future, the Chair said.
She thanks Tesla employees. “You’re the lifeblood of the company. You’re phenomenal,” she said.
16:39 CT – Denholm highlights that Tesla is focused on lowering costs. She notes that renewables are fast becoming the most economical energy solutions. She also noted that Tesla’s goal is for all of its factories to be carbon neutral.
Tesla also works to reduce its energy/water consumption, with newest factories using less water than traditional carmakers. “Sustainability is our main driver and motivation. It drives everything we do,” the Tesla Chair said.
16:36 CT – Tesla Chair Robyn Denholm takes the stage. She jokes that the “short part of the agenda” is happening. She welcomes the audience, stating that she is delighted to see people face-to-face, and there’s so many shareholders in attendance.
She also welcomes the virtual attendees of the meeting. Heck yeah.
She notes that Tesla has become the company that it is because of the support of its shareholders. She notes that Tesla avoided 8.3 million tons of greenhouse gases last year. That’s equivalent to 20 billion gas powered miles. And Tesla is just starting.
She cites Tesla’s 20 million target for 2030. She also reiterates June’s record-breaking production numbers. Denholm also gives credit to Tesla Energy, with the company’s solar and energy storage business selling 4GWh in 2021.
16:32 CT – Martin mentions that this is the largest attendance for a Tesla annual meeting of stockholders. He thanks retail investors for being engaged, and for voting. This is an understatement.
16:30 CT – And it’s time! VP Investor Relations Martin Viecha gets welcomed with thunderous applause. Guy’s a celebrity.
16:29 CT – Looks like we’re gonna have some Tesla Bot updates today? Ah, one can hope.
16:28 CT – While undoubtedly cool, this preview shows one thing. Tesla moves FAST, and it’s amazingly efficient at what it does. Sandy Munro is completely right. Tesla moves at the speed of thought. Tesla’s a moving target that’s ridiculously hard to catch. Take note, GM.
16:26 CT – I am weirdly curious if the TSLA shareholders representing PETA will be here today.
16:24 CT – Just a few minutes away. Pictures from attendees of the 2022 Cyber Roundup show that the event hall is now packed with shareholders. The stage seems pretty big. Almost like it’s enough space to show off something.
But dang, Tesla’s FPV drone shots never miss!
16:10 CT – Good afternoon to everyone, and welcome to another live blog! This year’s annual meeting of stockholders has been rebranded as the 2022 Cyber Roundup, which is fitting for Tesla’s new home in Texas.
This is not the first time that Tesla held its annual shareholder meeting in Giga Texas though. The company held the meeting in Texas last year too, though it was virtual in nature due to the effects of the pandemic. This is no longer the case this year, so Tesla seems to be going all out with the Cyber Roundup.
March store and cool vehicle displays are only the tip of the iceberg. This is definitely going to be interesting.
The live stream of the 2022 Cyber Roundup can be accessed below.
Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.
Investor's Corner
Tesla and SpaceX to merge in 2027, Wall Street analyst predicts
The move, Ives argues, is no longer a distant possibility but a logical next step, fueled by deepening operational ties, shared AI ambitions, and Elon Musk’s vision for dominating the next era of technology.
Tesla and SpaceX are two of Elon Musk’s most popular and notable companies, but a new note from one Wall Street analyst claims the two companies will become one sometime next year, as 2027 could see the dawn of a new horizon.
In a bold new research note, Wedbush analyst Dan Ives has reaffirmed his long-standing prediction: Tesla and SpaceX will merge in 2027.
The move, Ives argues, is no longer a distant possibility but a logical next step, fueled by deepening operational ties, shared AI ambitions, and Elon Musk’s vision for dominating the next era of technology.
He writes:
“Still Expect Tesla and SpaceX to Merge in 2027. We continue to believe that SpaceX and Tesla will eventually merge into one company in 2027 with the groundwork already in place for both operations to become one organization. Tesla already owns a stake in SpaceX after the company’s $2 billion investment in xAI got converted to SpaceX shares following SpaceX’s acquisition of xAI earlier this year initially tying both of Musk’s ventures closer together but still represents <1% of SpaceX’s expected valuation. The recent announcement of a joint Terafab facility between SpaceX and Tesla further ties both operations together making it more feasible to merge operations given the now existing overlap being built out across the two with this the first step.”
The groundwork is already being laid. Earlier this year, SpaceX acquired xAI, converting Tesla’s $2 billion investment in the AI startup into a small equity stake, less than 1 percent, in SpaceX.
Regulatory filings cleared the transaction in March 2026, formally linking the two Musk-led companies financially for the first time. Then came the announcement of a joint TERAFAB facility in Austin, Texas: two advanced chip factories, one dedicated to Tesla’s AI needs for vehicles and Optimus robots, the other targeting space-based data centers.
Elon Musk launches TERAFAB: The $25B Tesla-SpaceXAI chip factory that will rewire the AI industry
Ives calls Terafab the “first step” toward full operational integration.
SpaceX’s impending IPO, expected as soon as mid-June 2026, will turbocharge these plans. The company aims to raise approximately $75 billion at a roughly $1.75 trillion valuation, far exceeding earlier estimates.
Proceeds will fund Starship rocket flights, a NASA-contracted lunar base, expanded Starlink services across maritime, aviation, and direct-to-mobile applications, and crucially, orbital AI infrastructure
A major driver is the exploding demand for AI compute. U.S. data centers are projected to consume 470 TWh of electricity by 2030, constrained by power grids and land.
🚨 Wedbush’s Dan Ives says that Tesla and SpaceX will merge in 2027. SpaceX will IPO soon, his new note says:
“According to media reports, SpaceX could file a prospectus for an IPO imminently with the goal of raising ~$75 billion above the prior expectation of ~$50 billion…
— TESLARATI (@Teslarati) March 27, 2026
SpaceX’s strategy, launching millions of solar-powered satellites to host data centers in orbit, bypasses Earth’s energy bottlenecks. Solar energy captured in space avoids atmospheric losses and day-night cycles, offering a scalable solution for AI training and inference.
The xAI acquisition ties directly into this vision, positioning the combined entity as a leader in extraterrestrial computing.
The merger would create a formidable conglomerate spanning electric vehicles, robotics, satellite communications, human spaceflight, and defense.
Ives highlights SpaceX’s role in the Trump administration’s “Golden Dome” missile defense shield, which would leverage Starlink satellites for tracking.
For Tesla, access to SpaceX’s launch cadence and orbital assets could accelerate autonomous driving, Robotaxi fleets, and Optimus deployment.
Musk, who has signaled his desire to own roughly 25 percent of Tesla to steer its AI future, views the combination as essential to overcoming fragmented regulatory scrutiny from the FTC and DOJ.
Challenges remain. Antitrust hurdles could delay or reshape the deal, and shareholder approvals on both sides would be required. Yet Ives remains bullish, maintaining an Outperform rating on Tesla with a $600 price target, implying substantial upside from current levels. The analyst sees the merger as the “holy grail” for consolidating Musk’s disruptive tech empire.
If realized, a 2027 Tesla-SpaceX union would not only reshape corporate boundaries but redefine humanity’s trajectory in AI and space exploration. It would mark the moment two pioneering companies become one unstoppable force, pushing the limits of what’s possible on Earth and beyond.
Elon Musk
TIME honors SpaceX’s Gwynne Shotwell: From employee No. 7 to world’s most valuable company
Time Magazine honors Gwynne Shotwell as SpaceX reaches a $1.25 trillion valuation and eyes its IPO.
TIME Magazine has put SpaceX President and COO Gwynne Shotwell on its cover, and the timing could not be more fitting. Published today, the profile of Shotwell arrives at a moment when the company she has quietly run for more than two decades stands at the center of the most consequential developments in aerospace, artificial intelligence, and the future of human civilization.
Shotwell joined SpaceX in 2002 as its seventh employee and has never stopped expanding her role. She oversees day-to-day operations across multiple executive teams spanning Falcon, Starlink, Starship, and now xAI following SpaceX’s February 2026 merger with Elon Musk’s artificial intelligence company, a deal that made SpaceX the world’s most valuable private company at a reported valuation of $1.25 trillion. A highly anticipated IPO is expected in the second quarter of 2026.
Will Tesla join the fold? Predicting a triple merger with SpaceX and xAI
Her track record is historic. She oversaw the first landing of an orbital rocket’s first stage, the first reuse and re-landing of an orbital booster, and the first private crewed launch to Earth orbit in May 2020. She built the Falcon launch manifest from nothing to more than 170 contracted missions representing over $20 billion in business. Under her operational leadership, SpaceX completed 96 successful missions in 2023 alone and has now flown more than 20 crewed Falcon 9 missions. Starlink, which she championed as a financial pillar of the company long before it was a mainstream topic, now connects tens of millions of users worldwide and provided a critical communications lifeline to Ukraine following the 2022 invasion.
Elon Musk has never been shy about what Shotwell means to him and to SpaceX. When she shared her vision for worldwide internet connectivity through Starlink, Musk responded on X with a simple statement, “Gwynne is awesome.” It is a sentiment that has been echoed across the industry. NASA Administrator Bill Nelson once said of Musk: “One of the most important decisions he made, as a matter of fact, is he picked a president named Gwynne Shotwell. She runs SpaceX. She is excellent.”
Gwynne is awesome https://t.co/tiXtMWJmPE
— Elon Musk (@elonmusk) September 28, 2024
Now, with Starship targeting its first crewed lunar landing under the Artemis program by 2028, an xAI integration underway, and a pending IPO that could reshape capital markets, Shotwell’s mandate has never been larger. She told Time that 18 Starships are already in various stages of construction at Starbase. “By 2028,” she said, gesturing across the factory floor, “these should be long gone. They better have flown by then.” If Shotwell’s history at SpaceX is any guide, they will.
Elon Musk
SpaceX’s IPO might arrive sooner than you think
Musk has hinted for years that an eventual public offering was inevitable, though he has stressed the need to maintain operational focus. Insiders have told outlets that the CEO is pushing for a significant retail investor allocation, reportedly more than 20 percent of shares, and tighter lock-up periods to limit early selling pressure.
Elon Musk’s SpaceX is on the verge of one of the most anticipated Initial Public Offerings (IPO) in history.
However, a new report from The Information indicates the rocket and satellite giant is aiming to file its IPO prospectus with U.S. regulators as soon as this week, or early next week at the latest.
People familiar with the plans told The Information that advisers involved in the process expect the IPO could raise more than 75 billion dollars, potentially making it the largest stock market debut ever and eclipsing Saudi Aramco’s 29.4 billion dollar offering in 2019.
The filing would mark the formal start of what has long been rumored: SpaceX’s transition from a closely held private powerhouse to a publicly traded company.
The timing aligns with earlier signals.
In late February, Bloomberg reported that SpaceX was targeting a confidential IPO filing in March and a possible public listing in June, with a valuation north of 1.75 trillion dollars. At the time, the company’s private valuation hovered around 1.25 trillion dollars.
SpaceX considering confidential IPO filing this March: report
Starlink, SpaceX’s satellite internet constellation, has been the primary driver of that surge, now serving millions of customers worldwide and generating steady revenue. Recent Starship test flights and a record pace of Falcon launches have further bolstered investor confidence.
Musk has hinted for years that an eventual public offering was inevitable, though he has stressed the need to maintain operational focus. Insiders have told outlets that the CEO is pushing for a significant retail investor allocation, reportedly more than 20 percent of shares, and tighter lock-up periods to limit early selling pressure.
A June listing would give SpaceX immediate access to public capital markets at a moment when demand for space-related stocks remains high. It would also allow early employees and long-time investors to cash out portions of their stakes while giving everyday shareholders a chance to own a piece of the company behind reusable rockets, global broadband, and NASA contracts.
Of course, nothing is certain until the SEC filing appears. Market conditions, regulatory reviews, and Musk’s own schedule could still shift timelines.
Yet the latest word from The Information suggests the window has opened. If the filing lands this week, SpaceX’s roadshow could begin in earnest within weeks, setting the stage for what many analysts already call the IPO of the decade.
Tesla FSD mocks BMW human driver: Saves pedestrian from near miss
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Elon Musk launches TERAFAB: The $25B Tesla-SpaceXAI chip factory that will rewire the AI industry
