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LIVE BLOG: Tesla 2024 Cyber Roundup (Annual Stockholders’ Meeting)

Credit: Tesla

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Tesla’s (NASDAQ:TSLA) 2024 Annual Stockholders Meeting, also known as the 2024 Cyber Roundup, is here. There’s a notable degree of excitement surrounding the event, thanks in no small part to Elon Musk’s post on X stating that TSLA shareholders are strongly on track to approve the ratification of his 2018 CEO Performance Award and the proposed redomestication of Tesla from Delaware to Texas. 

Tesla has posted a link to the official livestream of the 2024 Cyber Roundup on social media platform X. Images posted by Tesla investors who are at Giga Texas show that the event hall where the meeting will be held is now filling up. Based on videos and photos that have been shared of the 2024 Cyber Roundup so far, it would appear that TSLA stockholders are currently in good spirits. 

Tesla’s 2024 Cyber Roundup is expected to begin with stockholders voting on a number of key proposals. 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 2024 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.

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17:53 CT – And that ends Tesla’s 2024 Annual Stockholders’ Meeting! Elon Musk thanks the company’s shareholders for their support before exiting the stage.

17:50 CT – A Tesla investor asked about lithium refining and if the company would need to expand past Texas. Musk noted that there’s enough lithium if China is included, but if there’s a geopolitical conflict, then lithium might be a limiting factor.

17:47 CT – An investor asked about Tesla without Elon. Musk noted that while he is a helpful accelerant to Tesla’s future, he believes that the company will be fine after him. But as things stand today, his biggest contribution to Tesla is the fact that he accelerates the company’s innovations. “What matters is if we can be faster than everybody else,” Musk noted.

17:41 CT – A shareholder asked if Optimus would have some sort of personality that could be set by the user. Musk noted that this would indeed be the case. “You would be able to customize the personality, customize its voice. It will kind of just understand you,” Musk said.

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17:35 CT – Musk noted that the Cybertruck Foundation Series will be ending soon, with non-Foundation Series Cybertrucks being made available next quarter.

17:32 CT – A shareholder asked about the international reception for the Cybertruck. Musk noted that the Cybertruck is designed for North America, but Tesla may be able to get the vehicle certified for other markets next year.

Such a thing, however, requires complexity, and thus, it probably should not be done until the Cybertruck achieves volume production. At that point, the cost grind and other efforts to make the Cybertruck compliant to other markets would begin.

17:28 CT – A Tesla stockholder credited the efforts of the TSLA retail community for their work in encouraging investors to vote for the 2024 Cyber Roundup’s proposals. Musk agreed.

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Another shareholder asked about Tesla’s 4680 project and how it could help vehicles’ affordability. Musk noted that cell suppliers have drastically lowered the prices of their batteries. He also noted that making a car affordable is like playing Game of Thrones but with pennies. Thus, battery cells are only one part of the equation.

Tesla is seeing a path to cost parity with its battery efforts this year, Musk noted.

17:24 CT – A TSLA stockholder asked about Donald Trump admitted that he loves Tesla and Musk’s work. Musk joked that he could be persuasive, but he did talk to Trump after the presidential candidate called him. Musk also noted that a lot of Trump’s friends drive Teslas, and the candidate is a fan of the Cybertruck.

Another shareholder asked about the robotaxi’s steering wheel-less design and how Tesla would handle interventions in such a vehicle. Musk noted that such vehicles will be extremely cautious so the probability of the car hurting a pedestrian would be incredibly low. But in cases when an intervention is needed, Musk noted that Tesla could probably control its driverless cars remotely.

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17:20 CT – A shareholder asked if Tesla is still working on an HVAC system. Musk acknowledged the question, stating that Tesla has a lot of innovations that can be used to make a good system. It is, however, not super high on Tesla’s things to do.

Another stockholder stated that the Tesla Cybertruck is really a hit with kids. The shareholder asked Musk if Tesla would eventually allow kids to tour the company’s factories. Musk stated that something like kid-friendly factory tours would indeed be rolled out.

17:18 CT – A Tesla shareholder makes the case for more constant FSD transfers. Musk stated that it is tough since the company should have some revenue. He did note that FSD transfers would be active for one more quarter. The audience applauds.

Another stockholder noted that Musk should take care of himself for the sake of Tesla and its shareholders. Musk admitted that he probably needs to work out and not get assassinated or something. He joked that he’s probably on the list of some homicidal maniacs because his name is heard by a lot of people. Musk did admit that he is becoming a bit more cautious.

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17:15 CT – A TSLA stockholder asked when Musk thinks Tesla could be the world’s most valuable company. Musk noted that it’s worth looking at ARK Invest’s analysis as their estimates are the most accurate. Musk noted that a five-year timeline might be feasible.

Another shareholder asked about Tesla’s referral program, and when the company could do a passenger van. Musk noted that the van would be added to his list. He also noted that Tesla will reexamine the referral program next quarter. Musk stated that the referral program increases the price of the car, but Tesla will look into it. “I think some kind of referral program makes sense,” Musk said.

The CEO also noted that the cost remains a limiter for demand. He noted that if the Model Y costs below $20,000, it would probably sell 5 million units per year. “We have to make it affordable. That’s essential,” he said.

17:09 CT – The Q&A sessions begin! The first shareholder thanked Elon Musk for his work in keeping the first amendment. Musk thanked the investor, stating that it’s pertinent for the future of civilization to have free speech.

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Another TSLA stockholder, who worked at Tesla’s sales department, asked if FSD could be bundled with other services to make it more attractive to consumers. Musk noted that FSD free trials should help. “I think we can keep offering people free trials of FSD every time we make a significant improvement,” Musk said.

A TSLA shareholder mentioned Musk’s 2018 CEO Performance Award. Musk stated that it’s important to note that his compensation plan is actually in the form of stock that he would not be able to sell for years. When asked about FSD’s safety, Musk noted that as long as the system is making roads safer, then the company is doing the right thing.

17:00 CT – Musk noted that Tesla is no longer compute-constrained. He noted that interventions are so rare nowadays that Tesla’s professional drivers get bored on the job.

Musk discusses the progress of Optimus, which has seen incredible progress over the years. He reiterated Tesla’s target for limited production next year, and that there might be thousands of Optimus robots working at the electric vehicle maker next year. “My prediction is we’ll have over 1,000, maybe a few thousand Optimus robots working at our factories next year.,” Musk said.

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He teases some key improvements to Optimus, such as its upcoming update that would give the humanoid robot hands with 22 degrees of freedom. As per Musk, Optimus should be able to play the piano with such hands, and that even the most optimistic outlook on Optimus would be conservative. “I think Optimus is a $25 trillion dollar market cap situation; It’s an immense amount of work to get there, but we’re moving very fast down that road,” he said.

16:50 CT – Elon Musk noted that Tesla has completed the design of its Hardware 5 computer, which the company is calling “AI 5.” He noted that so far, everything that consumers are seeing right now is just Tesla’s Hardware 3, which is not even maxed out yet. “We still have a long way to go to reach the limits of Hardware 3,” Musk said.

He noted that Hardware 4 is 3 times to 8 times better than Hardware 3, and Hardware 5 will be 10 times better than Hardware 4. Hardware 5 is expected to be rolled out in about 18 months. Musk shared some exciting updates for Hardware 4. “Later this year we will release a Hardware 4 specific model trained at Gigafactory Texas,” he said.

“AI Hardware 5 will be able to go up to 700 or 800 watts at peak load,” Musk stated.

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16:45 CT – Musk noted that Tesla Energy is tracking for 200-300% growth. “We’re tracking for a 200-300% YoY growth for energy storage deployment in 2024,” Musk said. He noted that the Tesla Powerwall 3 is a game-changing product, and Megapack 3, which will be coming in a couple of years, will be the same. Musk noted that Megapack 3 would be optimized for easy and seamless installation.

He highlighted that Tesla is definitely more than a car company. “We do a lot of software at Tesla,” Musk said. “Car companies are not software companies,” Musk noted, adding that Tesla is actually ahead on real-world AI than any other company.

16:40 CT – Musk mentioned some of Tesla’s future products. He noted that while some of these projects may seem underwhelming at first, they would be game-changing in the long run.

He also highlighted that Tesla’s Supercharger Network is still growing, though the company will be more careful about where it places its charging stations. “Rumors of the death of the Supercharger Network are greatly exaggerated,” Musk said, reiterating that Tesla will be spending half a billion into the expansion of the Supercharger Network this year.

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“We will be deploying more Superchargers this year than the rest of the industry combined,” Musk said.

The CEO noted that Tesla is making good progress in its 4680 battery cell program. As per Musk, every Cybertruck on the road is equipped with 4680 cells. He did, however, also admit that the 4680 program has been very challenging.

16:35 CT – Elon Musk noted that Tesla Cybertruck production has reached a record of 1,300 per week, with a target to hit 2,500 per week by the end of 2024. He also noted that while the Cybertruck is divisive, it is a vehicle that resonates with people, even kids. Musk noted that if you would like to get an honest opinion about something, kids will definitely give it. And so far, kids love the Cybertruck. 16:50 CT –

The CEO also gave some praise to the reengineered Model 3, which is a “great, great car.” He reiterated the Model Y’s accomplishment of becoming the world’s best-selling car. Musk predicted that the Model Y will be 2024’s best-selling car by volume again.

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He also noted that last week, he approved the plans for the volume production of the Tesla Semi. Musk stated that the Tesla Semi will eventually just make sense for businesses because it saves operators so much money.

16:30 CT – Musk noted that he would be starting his presentation. He also joked that Tesla may need to place a word limit on TSLA shareholder proposals, to much applause from the audience.

He highlighted that Tesla’s impact is accelerating. He noted that Tesla’s factories are beautiful. “People are smiling at the factories. People are smiling and happy. It’s nice,” Musk noted. “We actually do care a lot about doing the right thing. We’re not perfect, but we care a lot about doing the right thing,” Musk said.

Musk also mentioned how Tesla’s batteries are lasting longer, and the company’s vehicles are getting more affordable. He noted that Tesla is still number one in EVs last year. He also personally thanked Tesla’s Fremont team.

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16:25 CT – The CEO discusses the potential of Optimus, which he noted will probably be something that everyone would like to have. “Who doesn’t want a C3PO?” Musk joked, referencing the iconic Star Wars character.

Musk noted that Tesla could make Optimus at scale for $10,000. At $20,000 a unit, Tesla could make a trillion dollars in profit per year. That’s an incredible valuation based on Optimus alone. “When I say we’re starting a new book, it’s gonna be the best book. It’s next level — next, next level,” Musk said.

16:20 CT – Musk discusses Tesla’s robotaxi model. He noted that some vehicles in the fleet will be owned by Tesla while others will be owned by customers. This should give Tesla owners completely control over when their vehicles will be used as part of the robotaxi network.

Musk admits that he tends to be overly optimistic. “If I’m not optimistic, this factory would not exist,” Musk joked. “I’ve been pathologically optimistic from birth. But this is the reason why every one of these is happening. But, I do deliver in the end. That’s what’s important,” Musk said.

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Musk also advised that Cathie Wood’s ARK Invest has the most accurate take on Tesla’s potential in the future.

16:15 CT – Elon Musk enters the stage to much applause from the attending Tesla shareholders. The CEO seems to be in high spirits, as he quite literally jumped for joy as he took the stage. Musk seems very pleased with the current results of the shareholders’ vote.

“I just want to say, ‘Hot damn, I love you guys!’ We have the most shareholder base of any public company. It’s incredible,” Musk said.

He also highlighted that Tesla is about to see some incredible changes. “We’re not just opening a new chapter for Tesla. We’re starting a new book.”

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16:12 CT – The meeting has now closed. Tesla CEO Elon Musk is taking the stage. He enters with a video highlighting how Tesla effectively made the impossible possible. This is quite unique.

Tesla is taking a victory lap — which the company, its executives, and its shareholders have completely earned.

16:10 CT – The Tesla 2024 Annual Stockholders Meeting voting has commenced. For context, here are the proposals that TSLA investors are voting on this year, as well as the results of the shareholders’ vote.

Following are the results of TSLA shareholders’ vote.

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TESLA PROPOSALS

  1. A Tesla proposal to elect two Class II directors to serve for a term of three years, or until their respective successors are duly elected and qualified (“Proposal One”). – Board Recommendation: “FOR”Vote Results: “FOR”
  2. A Tesla proposal to approve executive compensation on a non-binding advisory basis (“Proposal Two”). – Board Recommendation: “FOR”Vote Results: “FOR”
  3. A Tesla proposal to approve the redomestication of Tesla from Delaware to Texas by conversion (“Proposal Three”). – Board Recommendation: “FOR”Vote Results: “FOR”
  4. A Tesla proposal to ratify the 100% performance-based stock option award to Elon Musk that was proposed to and approved by our stockholders in 2018 (“Proposal Four”). – Board Recommendation: “FOR”Vote Results: “FOR”
  5. A Tesla proposal to ratify the appointment of PricewaterhouseCoopers LLP as Tesla’s independent registered public accounting firm for the fiscal year ending December 31, 2024 (“Proposal Five”). – Board Recommendation: “FOR”Vote Results: “FOR”

STOCKHOLDER PROPOSALS

  1. A stockholder proposal regarding the reduction of director terms to one year, if properly presented (“Proposal Six”). – Board Recommendation: “AGAINST”Vote Results: “FOR”
  2. A stockholder proposal regarding simple majority voting provisions in our governing documents, if properly presented (“Proposal Seven”). – Board Recommendation: “AGAINST”Vote Results: “FOR”
  3. A stockholder proposal regarding annual reporting on anti-harassment and discrimination efforts, if properly presented (“Proposal Eight”). – Board Recommendation: “AGAINST”Vote Results: “AGAINST”
  4. A stockholder proposal regarding the adoption of a freedom of association and collective bargaining policy, if properly presented (“Proposal Nine”). – Board Recommendation: “AGAINST”Vote Results: “AGAINST”
  5. A stockholder proposal regarding reporting on effects and risks associated with electromagnetic radiation and wireless technologies, if properly presented (“Proposal Ten”). – Board Recommendation: “AGAINST”Vote Results: “AGAINST”
  6. A stockholder proposal regarding adopting targets and reporting on metrics to assess the feasibility of integrating sustainability metrics into senior executive compensation plans, if properly presented (“Proposal Eleven”). – Board Recommendation: “AGAINST”Vote Results: “AGAINST”
  7. A stockholder proposal regarding committing to a moratorium on sourcing minerals from deep sea mining, if properly presented (“Proposal Twelve”). – Board Recommendation: “AGAINST”Vote Results: “AGAINST”

15:40 CT – Denholm welcomes Tesla shareholders to the company’s home in Texas. “No other company in the world has as diverse, engaged, and supportive shareholders as Tesla,” Denholm said.

She also mentions a number of highlights from Tesla’s past year, such as the Model Y becoming the world’s best-selling car, the first deliveries of the Cybertruck, and the rapid growth of Tesla Energy. She also mentions the launch of FSD (Supervised), as well as the company’s efforts on its next-generation projects.

The Board Chair further highlighted that Tesla is focused on operating as sustainably as possible. “We are working to build a battery recycling material ecosystem, both internally and with others,” Denholm said, adding that Tesla supported the recovery of enough battery materials to produce thousands of Model Y RWD units.

Denholm also emphasized that the Tesla Board is listening to shareholders and that the company’s leadership sets higher standards for itself. “You don’t see the day to day work of directors, but I can assure you, this is a highly-engaged Board,” she said.

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15:32 CT – Tesla’s livestream for the 2024 Cyber Roundup has gone live! Introductions are underway. Tesla Board Chair Robyn Denholm is giving the opening remarks, to much applause.

15:23 CT – Tesla Chair of the Board Robyn Denholm could be seen giving a hug to Tesla retail shareholder Alexandra Merz, who played a huge part in organizing a successful grassroots effort to encourage thousands of TSLA investors to vote on the ratification of Elon Musk’s 2018 CEO Performance Award and the proposed redomestication of Tesla from Delaware to Texas.

15:20 CT – Tesla’s displays at Giga Texas during these events are always great. Standouts of this year include the Tesla Model S Plaid that took on the Nürburgring and a Tesla Model Y with front and rear megacasts. Oh, and the banner that retail shareholders brought and signed is very interesting as well. 

15:15 CT – We are the heels of what could possibly be the most high-stakes Tesla shareholder meeting to date. In the weeks leading up to today, there were serious doubts that TSLA investors would not vote to ratify Elon Musk’s 2018 CEO Performance Award and Tesla’s proposed redomestication in Texas. These doubts seem to have completely disappeared. 

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Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.

Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

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Elon Musk

Tesla confirmed HW3 can’t do Unsupervised FSD but there’s more to the story

Tesla confirmed HW3 vehicles cannot run unsupervised FSD, replacing its free upgrade promise with a discounted trade-in.

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tesla autopilot

Tesla has officially confirmed that early vehicles with its Autopilot Hardware 3 (HW3) will not be capable of unsupervised Full Self-Driving, while extending a path forward for legacy owners through a discounted trade-in program. The announcement came by way of Elon Musk in today’s Tesla Q1 2026 earnings call.

The history here matters. HW3 launched in April 2019, and Tesla sold Full Self-Driving packages to owners on the understanding that the hardware was sufficient for full autonomy. Some owners paid between $8,000 and $15,000 for FSD during that period. For years, as FSD’s AI models grew more demanding, HW3 vehicles fell progressively further behind, eventually landing on FSD v12.6 in January 2025 while AI4 vehicles moved to v13 and then v14. When Musk acknowledged in January 2025 that HW3 simply could not reach unsupervised operation, and alluded to a difficult hardware retrofit.

The near-term offering is more concrete. Tesla’s head of Autopilot Ashok Elluswamy confirmed on today’s call that a V14-lite will be coming to HW3 vehicles in late June, bringing all the V14 features currently running on AI4 hardware. That is a meaningful software update for owners who have been frozen at v12.6 for over a year, and it represents genuine effort to keep older hardware relevant. Unsupervised FSD for vehicles is now targeted for Q4 2026 at the earliest, with Musk describing it as a gradual, geography-limited rollout.

For HW3 owners, the over-the-air V14-lite update is welcomed, and the discounted trade-in path at least acknowledges an old obligation. What happens next with the trade-in pricing will define how this chapter ultimately gets written. If Tesla prices the hardware path fairly, acknowledges what early adopters are owed, and delivers V14-lite on the June timeline it committed to today, it has a real opportunity to convert one of the longest-running sore subjects among early adopters into a loyalty story.

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Investor's Corner

Tesla (TSLA) Q1 2026 earnings results: beat on EPS and revenues

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Credit: Tesla

Tesla (NASDAQ: TSLA) reported its earnings for the first quarter of 2026 on Wednesday afternoon. Here’s what the company reported compared to what Wall Street analysts expected.

The earnings results come after Tesla reported a miss on vehicle deliveries for the first quarter, delivering 358,023 vehicles and building 408,386 cars during the three-month span.

As Tesla transitions more toward AI and sees itself as less of a car company, expectations for deliveries will begin to become less of a central point in the consensus of how the quarter is perceived.

Nevertheless, Tesla is leaning on its strong foundation as a car company to carry forward its AI ambitions. The first quarter is a good ground layer for the rest of the year.

Tesla Q1 2026 Earnings Results

Tesla’s Earnings Results are as follows:

  • Non-GAAP EPS – $0.41 Reported vs. $0.36 Expected
  • Revenues – $22.387 billion vs. $22.35 billion Expected
  • Free Cash Flow – $1.444 billion
  • Profit – $4.72 billion

Tesla beat analyst expectations, so it will be interesting to see how the stock responds. IN the past, we’ve seen Tesla beat analyst expectations considerably, followed by a sharp drop in stock price.

On the same token, we’ve seen Tesla miss and the stock price go up the following trading session.

Tesla will hold its Q1 2026 Earnings Call in about 90 minutes at 5:30 p.m. on the East Coast. Remarks will be made by CEO Elon Musk and other executives, who will shed some light on the investor questions that we covered earlier this week.

You can stream it below. Additionally, we will be doing our Live Blog on X and Facebook.

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Elon Musk

Tesla Earnings: financial expectations and what we should to hear about

In terms of discussions, Tesla earnings calls are usually a great time to get some clarification on the company’s outlook for its current and future projects.

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Credit: MarcoRP | X

Tesla (NASDAQ: TSLA) will report its earnings for the first quarter of 2026 this evening after the market closes, and analysts have already put out their expectations from a financial standpoint for the company’s first three months of the year.

Additionally, there will be plenty of things that will be discussed, including the recent expansion of the Robotaxi program, the Roadster unveiling, and Full Self-Driving (Supervised) approvals across the globe.

Financial Expectations

Wall Street consensus expectations put Tesla’s Earnings Per Share (EPS) at $0.36, while revenues are expected to come in around $22.35 billion.

This would compare to an EPS of $0.27 and $19.34 billion compared to Tesla’s Q1 2025. Last quarter, EPS came in at $0.50 on $29.4 billion of revenue.

Tesla beat analyst expectations last quarter, but the next trading day, the stock fell nearly 3.5 percent. We never quite can gauge how the market will respond to Tesla’s earnings; we’ve seen shares rise on a miss and fall on a beat.

It really goes on the news, and investor consensus, it seems.

What to Expect

In terms of discussions, Tesla earnings calls are usually a great time to get some clarification on the company’s outlook for its current and future projects. Right now, the big focus of investors is the Robotaxi program, the Roadster unveiling, and what the outlook for Full Self-Driving’s expansion throughout Europe and the rest of the world looks like.

Robotaxi

Tesla just recently expanded its unsupervised Robotaxi program to Dallas and Houston, joining Austin as the first cities in the U.S. to have access to the company’s ride-hailing suite.

Tesla expands Unsupervised Robotaxi service to two new cities

Some saw this move as a quick effort to turn attention away from a delivery miss and an anticipated miss on earnings. However, we’ve seen Tesla be more than deliberate with its expansion of the Robotaxi suite, so it’s hard to believe the company would make this move if it were not truly ready to do so.

The company is also working to expand its U.S. ride-hailing service outside of Texas and California, and recently filed paperwork to build a Robotaxi-exclusive Supercharger stall.

Expansion is planned for Florida, Nevada, and Arizona at some point this year, with more states to follow.

Roadster Unveiling

The Roadster unveiling was slated for April 1, and then pushed back (once again) to “probably late April,” according to Elon Musk.

It does not appear that the Roadster unveiling will happen within that time frame, at least not to our knowledge. Nobody has received media or press invites for a Roadster unveiling, and given the lofty expectations set for the vehicle by Musk and Co., it seems like something they’d want to show off to the public.

Tesla Roadster unveiling set for this month: what to expect

The Roadster has become a truly frustrating project for Tesla and its fans; evidently, there is something that is not up to the expectations Musk and others have. Meanwhile, fans are essentially waiting for something that is six years late.

At this point, also given the company’s focus on autonomy, it almost seems more worth it to just cancel it, remove any and all timelines and expectations, and surprise people with something crazy down the line, maybe in two or three years. There should be no talk of it.

Full Self-Driving Global Expansion

We expect Musk and Co. to shed some details on where it stands with other European government bodies, as it recently was able to roll out FSD (Supervised) to customers in the Netherlands.

Tesla Full Self-Driving gets first-ever European approval

Spain is also working with Tesla to assess FSD’s viability as a publicly available option for owners.

With that being said, there should be some additional information for investors as they listen to the call; no talk of it would be a pretty big letdown.

Optimus

There will likely be a date set for the Gen 3 Optimus unveiling, and we’re hopeful Tesla can keep that date set in stone and meet it. Not reaching timelines is a relatively minor issue, but a company can only do this for so long before its fans and investors start to lose trust and disregard any talk about dates.

It seems this is happening already.

Optimus has been pegged as Tesla’s big money maker for the future. The goals and expectations are high, but it is a privilege to have that sort of pressure when investors know the company’s capability.

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