News
Tesla sets 2023 Annual Shareholder Meeting (Cyber Roundup) for May 16 at Giga Texas
Tesla has announced that its 2023 Annual Shareholder Meeting, also known as the 2023 Cyber Roundup, will take place on Tuesday, May 16, 2023, at 3 PM CT at Gigafactory Texas. Shareholders interested in attending the event in person are encouraged to sign up online.
Martin Viecha, Tesla’s Head of Investor Relations, emphasized on Twitter the importance of shareholders verifying their status through the company’s Investor Relations website if they wish to be invited as a guest. “Folks, remember: If you want to be invited as a +1, you need to be a shareholder verified through our IR website, whether you’re a friend or a family member,” Viecha wrote in a post on Twitter.
Enter for a chance to attend our 2023 Annual Shareholder Meeting in person on May 16th in Austin, TX 🤠Â
Thank you for your support of Tesla!
— Tesla (@Tesla) April 6, 2023
As per Tesla, a random drawing will be held to determine who could attend the 2023 Cyber Roundup in person. The deadline for entry is Friday, April 14, 2023, at 11:59 PM Central Time. Shareholders who are selected through the drawing will be required to confirm their identity with valid government-issued identification. It should be noted that selections are non-transferable.
Interestingly, the 2023 Annual Shareholder Meeting has been scheduled earlier in the year compared to its 2022 counterpart. The 2022 Cyber Roundup was held in August last year.
This year’s Annual Shareholder Meeting is poised to be particularly interesting due to the potential return of Tesla former Chief Technology Officer JB Straubel. The former CTO, who was nominated as a member of Tesla’s Board of Directors, is considered one of the company’s co-founders and has been instrumental in numerous battery innovations for Tesla.
Straubel’s role as CEO of Redwood Materials, a company focused on battery recycling, would also be invaluable. After all, Tesla will likely need to get serious with its battery recycling efforts as its fleet of vehicles and lineup of energy storage products continue to grow in the coming years.
Apart from the potential election of JB Straubel as a Tesla board member, the 2023 Cyber Roundup might also see a number of discussions about the company’s ongoing and future projects. It will then not be surprising if some details of the production Cybertruck are discussed at the event, considering the vehicle’s expected start of initial production this summer.
The livestream link for the 2023 Annual Shareholder Meeting has already been provided on YouTube, which can be found below. Those who wish to sign up for a chance to attend the event can also click here.
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Energy
Tesla Energy gains UK license to sell electricity to homes and businesses
The license was granted to Tesla Energy Ventures Ltd. by UK energy regulator Ofgem after a seven-month review process.
Tesla Energy has received a license to supply electricity in the United Kingdom, opening the door for the company to serve homes and businesses in the country.
The license was granted to Tesla Energy Ventures Ltd. by UK energy regulator Ofgem after a seven-month review process.
According to Ofgem, the license took effect at 6 p.m. local time on Wednesday and applies to Great Britain.
The approval allows Tesla’s energy business to sell electricity directly to customers in the region, as noted in a Bloomberg News report.
Tesla has already expanded similar services in the United States. In Texas, the company offers electricity plans that allow Tesla owners to charge their vehicles at a lower cost while also feeding excess electricity back into the grid.
Tesla already has a sizable presence in the UK market. According to price comparison website U-switch, there are more than 250,000 Tesla electric vehicles in the country and thousands of Tesla home energy storage systems.
Ofgem also noted that Tesla Motors Ltd., a separate entity incorporated in England and Wales, received an electricity generation license in June 2020.
The new UK license arrives as Tesla continues expanding its global energy business.
Last year, Tesla Energy retained the top position in the global battery energy storage system (BESS) integrator market for the second consecutive year. According to Wood Mackenzie’s latest rankings, Tesla held about 15% of global market share in 2024.
The company also maintained a dominant position in North America, where it captured roughly 39% market share in the region.
At the same time, competition in the energy storage sector is increasing. Chinese companies such as Sungrow have been expanding their presence globally, particularly in Europe.
Elon Musk
Elon Musk shares big Tesla Optimus 3 production update
According to Musk, Tesla is in the final stages of completing Optimus 3, which he described as one of the world’s most advanced humanoid robots.
Tesla CEO Elon Musk has stated that production of Optimus 3 could begin this summer. Musk shared the update in his interview at the Abundance Summit.
According to Musk, Tesla is in the final stages of completing Optimus 3, which he described as one of the world’s most advanced humanoid robots.
“We’re in the final stages of completion of Optimus 3, which is really going to be by far the most advanced robot in the world. Nothing’s even close. In fact, I haven’t even seen demos of robots that are as good as Optimus 3,” Musk said.
He also set expectations on the pace of Optimus 3’s production ramp, stating that the initial volumes of the humanoid robot will likely be very low. Musk did, however, also state that high production rates for Optimus 3 should be possible in 2027.
“I think we’ll start production on Optimus 3 this summer, but very slow at first, like sort of this classic S-curve ramp of manufacturing units versus time. And then, probably reach high volume production around summer next year,” he said.
Interestingly enough, the CEO hinted that Tesla is looking to iterate on the robot quickly, potentially releasing a new Optimus design every year.
“We’ll have Optimus 4 design complete next year. We’ll try to release a new robot design every year,” Musk stated.
Tesla has already outlined broader plans for scaling Optimus production beyond its first manufacturing line. Musk previously stated that Optimus 4 will be built at Gigafactory Texas at significantly higher production volumes.
Initial production lines for the robot are expected to be located at Tesla’s Fremont Factory, where the company plans to establish a line capable of producing up to 1 million robots per year.
A larger production ramp is expected to occur at Gigafactory Texas, where Musk has previously suggested could eventually support production of up to 10 million robots per year.
“We’re going to launch on the fastest production ramp of any product of any large complex manufactured product ever, starting with building a one-million-unit production line in Fremont. And that’s Line one. And then a ten million unit per year production line here,” Musk said previously.
The comments suggest that while Optimus 3 will likely begin production at Fremont, Tesla’s larger-scale manufacturing push could arrive with Optimus 4 at Gigafactory Texas.
Elon Musk
Tesla showcases Optimus humanoid robot at AWE 2026 in Shanghai
Tesla’s humanoid robot was presented as part of the company’s exhibit at the Shanghai electronics show.
Tesla showcased its Optimus humanoid robot at the 2026 Appliance & Electronics World Expo (AWE 2026) in Shanghai. The event opened Thursday and featured several Tesla products, including the company’s humanoid robot and the Cybertruck.
The display was reported by CNEV Post, citing information from local media outlet Cailian and on-site staff at the exhibition.
Tesla’s humanoid robot was presented as part of the company’s exhibit at the Shanghai electronics show. On-site staff reportedly stated that mass production of the robot could begin by the end of 2026.
Tesla previously indicated that it plans to manufacture its humanoid robots at scale once production begins, with its initial production line in the Fremont Factory reaching up to 1 million units annually. An Optimus production line at Gigafactory Texas is expected to produce 10 million units per year.
Tesla China previously shared a teaser image on Weibo showing a pair of highly detailed robotic hands believed to belong to Optimus. The image suggests a design with finger proportions and structures that closely resemble those of a human hand.
Robotic hands are widely considered one of the most difficult engineering challenges in humanoid robotics. For a system like Optimus to perform complex real-world tasks, from factory work to household activities, the robot would require highly advanced dexterity.
Elon Musk has previously stated that Optimus has the capability to eventually become the first real-world example of a Von Neumann machine, a self-replicating system capable of building copies of itself, even on other planets. “Optimus will be the first Von Neumann machine, capable of building civilization by itself on any viable planet,” Musk wrote in a post on X.