Investor's Corner
Tesla (TSLA) 2019 Annual Shareholder Meeting: Live blog
Tesla’s (NASDAQ:TSLA) 2019 annual shareholder meeting comes at a rather historic time for the electric car maker. The past year has proven to be a roller coaster of sorts for Tesla’s investors, with TSLA stock rising as high as $387.46 per share and falling to as low as $176.99 per share. At the center of these wild swings is the Tesla Model 3, which is currently in its international rollout.
The past month was a challenging time for Tesla’s investors. Following the company’s lower-than-expected delivery and production figures in the first quarter, Tesla was hit by a perfect storm that included multiple negative analyst forecasts, pessimistic narratives from the media, and allegations that the demand for the company’s vehicles is waning. These concerns have largely been dispelled in recent weeks, as signs have emerged that Tesla, and particularly the Model 3, might be poised to pleasantly surprise this second quarter.
For the annual shareholder meeting, Elon Musk and Tesla’s executives are expected to address questions from retail investors that could range from the company’s current projects such as the Model 3 ramp to its future endeavors such as the Tesla Pickup Truck. Questions aggregated by investor communication platform Say also point to inquiries about Tesla’s rationale behind the Maxwell acquisition, as well as the company’s plans for its insurance service, among others.
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The following are live updates from Tesla’s 2019 annual shareholder meeting. Fellow Teslarati reporter Dacia Ferris and I will be updating this article in real-time, so please keep refreshing the page to view the latest updates on this story.
Dacia 16:15 PT: That’s a wrap! We need a post-Elon presentation meme team. Who’s game? 😉
Simon 16:15 PT: And that’s the 2019 Annual Shareholder Meeting! Elon, JB, and Drew get a standing ovation from the audience. How often does that happen in a shareholder meeting?
Dacia 16:14 PT: Will Tesla build an aquatic car? a shareholder asks. “It’s funny you mention that…,” Elon begins, citing a submarine car design he has. “I think the market for this will be small.”
Dacia 16:12 PT: Elon debates the merits and deficiencies of advertising and educational campaigns…would it draw more attention to issues than is merited? He likes the idea of film challenges.
Simon 16:10 PT: On a question about advertising, Elon notes that such strategies are not necessary right now, especially since Tesla sells all the cars that it can produce. Elon also expresses his reservations about advertising, particularly the level of trickery that goes with it. “We could have advertising for information to refute the misinformation,” Elon says.
Simon 16:09 PT: Responding to a question from PETA about leather being used for the steering wheels of Tesla’s electric cars, Elon notes that the Model Y, and the Model 3 will be vegan.
Simon 16:06 PT: Elon, JB, the board, and the company get a vote of support for Tesla from an investor in India. Elon raises his fist in a show of appreciation. Epic.
Dacia 16:05 PT: “What do you ask a team that has put a Roadster in freaking space?” a shareholder and fan of Elon exclaims in lieu of a question. He also laments Nikola Tesla’s lack of funding to pursue his experiments.
Dacia 15:59 PT: “I love horses,” Elon clarifies, ducking on a question about the specific Tesla truck towing capacity. “If the F-150 can tow it, the Tesla truck can do it.”
Simon 15:58 PT: Elon also recognizes the shift of other companies to renewable transportation. This relates to carmakers such as Porsche, which as abandoned diesel in favor of electric and electrified vehicles.
Dacia 15:57 PT: Awww… JB and Elon are reminiscing about the veeery early days of the company. Elon reminds us that he totally thought they’d fail. (10% chance of success)
Simon 15:54 PT: JB notes that while electric cars are prevalent now, there is still a lot of work to be done. “We can’t pat ourselves in the back yet,” JB notes.
Dacia 15:52 PT: “Incredibly, there have been a lot of negative articles (about Tesla) in Bloomberg,” Elon observes in response to a shareholder’s concern about the myths and disinformation spread about Tesla. Elon seems to consider a mythbusting site to battle all the negativity.
Simon 15:51 PT: A shareholder suggests connecting with media titans to curb the negative narrative and misinformation surrounding Tesla. Elon takes this point very well.
Dacia 15:49 PT: “Customer testimony and referrals are the key to our sales,” Elon says about the company’s success.
Dacia 15:48 PT: “If it was possible to have a 6th star, we’d have a 6th star,” Elon touts Tesla’s super high safety ratings. Huzzah!
Simon 15:47 PT: Shareholder question on what Tesla plans to do with the misinformation surrounding the company. Elon notes that the misconceptions are distressing, but even if Tesla provides explanations to mainstream media, these get buried in articles. Musk admits that he is at a little bit of a loss when it comes to changing the negative narrative about the company. Elon, Drew, and JB thank shareholders for being Tesla’s line of defense against the misinformation campaign.
Dacia 15:46 PT: On Tesla fires…Elon points out how rare Tesla incidents are, especially compared to gasoline-powered cars. “Internal…combustion…engine…it’s in the name,” he jokes. “Would you rather have a gasoline powered phone or a battery powered phone?” He also points out how ridiculous the disinformation campaign has been about Tesla fires.
Dacia 15:40 PT: Shareholder question on China’s EV growth – 500,000 units per year from Gigafactory 3 seems a little low? Why was the target set at that? Elon says he thinks that long-term G3 will do more, that’s more of an interim goal. He sees more factories in other parts of China.
Dacia 15:32 PT: “This might make sense…we will probably do something like this,” Elon agrees that a mobile ride sharing service should be make available prior to the Tesla Network/robo taxi release.
Simon 15:32 PT: Supervised “Robotaxis” are a go, says Elon.
Simon 15:30 PT: As for Starlink tech being used for Tesla’s electric cars, Elon states that the company will need to design an updated antenna for the vehicles. Musk also notes that Starlink is not really for high-density areas as much. Instead, it’s designed to provide connectivity to the poorly served areas of the globe.
Dacia 15:28 PT: Elon says the Starlink antennae will be about the size of a small pizza. Like, are we talking Brooklyn style? What about pepperoni?
Simon 15:26 PT: Tesla insurance is coming soon, after a “small acquisition” is completed. Some software also needs to be written for the service.
Dacia 15:26 PT: “I’m often too optimistic about time frames,” Elon admits, referring to a submitted question about Enhanced Summon. It was predicted to be coming ‘soon’ a few times already. “There’s a lot of complexity in parking lots, turns out.”
Simon 15:23 PT: As for Maxwell tech, Elon says Tesla will save that for a “battery and powertrain investor day.” Sign us up!
Dacia 15:24 PT: “We’re not sitting idly by…we’re making all the moves to be the masters of our own destinies,” Drew adds to the battery/scaling challenges.
Dacia 15:23 PT: “We might get into the mining busines…maybe a little bit,” Elon teases, referring to battery scaling – Tesla’s biggest challenge right now. “Battery cells and full self-driving. Those are the two things that are most important,” Elon summarizes.
Simon 15:20 PT: Elon discusses Tesla’s “Cyberpunk” pickup truck. He notes that it is arguably the coolest vehicle he has seen so far. Seems like it is certain at this point that the Tesla Truck will not look like a conventional pickup.
Dacia 15:19 PT: “We’re removing a lot of repair in house,” Elon details, also citing service requests via the Tesla app.
Dacia 15:18 PT: “When you buy a car, you’re buying freedom. Freedom to travel,” Elon remarks, referring to all the inputs that go into Tesla ownership.
Simon 15:15 PT: Elon discusses the expansion of the Supercharger V3 network. “Superchargers and Service Centers are the key to sales,” says Elon, also mentioning Tesla’s financing offers.
Dacia 15:13 PT: It’s all love for this Tesla leadership crew… nevermind Drew wasn’t introduced for a bit there. 🙂
Simon 15:11 PT: Can’t help but notice how relaxed Elon is today. Same thing with JB. They do, if any, exude confidence in today’s meeting.
Simon 15:08 PT: Elon shares the idea of having a Gigafactory on every continent. He also notes that the Solar Roof is now on “version 3.”
Dacia 15:08 PT: Version 3 of the Solar Roof…Elon predicts cost being equal to a shingle roof plus electric utility bill. Cheaper roof, better economics… Elon has “banged the table” over making this happen. “It can be done!” Drew chimes in.
Dacia 15:07 PT: Musk jokes that Gigafactory 3 needs air traffic control due to all the drones flying over and taking update pics. (we are guilty of indulging)
Simon 15:05 PT: JB and Elon express their thanks to everyone who helped create Gigafactory 1.
Dacia 15:04 PT: Elon explains why Powerpoint presentations still win. 5 slides = Funding for Gigafactories to make more batteries than what’s in the world combined.
Simon 15:03 PT: Well look who we have here. JB Straubel’s in the house. There goes another bear thesis, I guess. JB also discusses the conceptualization and creation of Gigafactory 1.
Simon 15:02 PT: Model Y could have a lower drag coefficient than the Model 3. That is pretty darn impressive.
Simon 15:01 PT: “Clearly we’re headed towards electrification. Clearly, we’re heading towards autonomy,” Musk said, highlighting how Tesla’s vehicles are preferable purchases over gas cars.
Dacia 15:00 PT: Buying any car besides a Tesla is like…”riding a horse and using a flip phone,” Elon says. Um, OK. Let’s roll with that visual. Memes…..go!
Dacia 14:58 PT: I can’t decide whether to refer to him as “Elon” or “Musk”…it really depends on what he says, no? Fart App = Elon, Tesla Network = Musk. ¯\_(ツ)_/¯
Simon 14:58 PT: Musk reiterates his point about Tesla’s full self-driving technology. “It’s just mad to buy a fossil fuel car at this point,” he says.
Dacia 14:56 PT: Musk speaks to all the factors lowering the cost of ownership of a Tesla over gas-powered competitors. Also…it’s designed to have the most fun with gems like the fart app. (er, he means emissions testing)
Simon 14:55 PT: Elon also highlights the cheaper maintenance costs of electric cars. It’s kinda like an Accord, he says, only better. It also has “gems” like the Fart App, “which is my personal favorite,” Elon added.
Dacia 14:53 PT: “No electric car has exceeded the range that we came out with on the first Model S in 2012,” Musk says smiling…still struggling not to tease competitors.
Simon 14:53 PT: Elon also notes that there is no “demand problem.” There goes the death throes of that bear thesis.
Dacia 14:52 PT: “E-tron…there’s room for improvement,” Musk says. He also is trying(?) not to pick on the brand who’s had some troubles lately.
Simon 14:51 PT: Elon touts Tesla’s lead in efficiency. “I don’t want to pick on the (Audi) e-tron, but…” The audience, of course, gets it.
Dacia 14:50 PT: “It’s remarkable that an electric car is the highest revenue car in the country,” Elon touts, and rightly so.
Simon 14:49 PT: Elon states that while the past year has been challenging, there are a lot of good news about Tesla. Starting off, the “Model 3 is outselling all of 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 votation starts. For background on this, please refer to our article on the agenda for today’s meeting.
Dacia 14:37 PT: “You need to have a certain amount of intestinal fortitude as an investor…and you have that in spades,” Denholm says. That’s for darn sure.
Simon 14:35 PT: Tesla Chair Robyn Denholm takes the stage to address investors in her welcoming remarks. Teases Elon’s upcoming presentation.
Dacia 14:33 PT: Selfie time FTW!
Dacia 14:31 PT: Where’s the music video? Totally bumming.
Simon 14:30 PT: Should be starting anytime now.
Simon 14:24 PT: Now all we need to know is if the red Model Y is separate from the blue one. Pretty cool if Tesla has two working prototypes right now.
Dacia 14:20 PT: Twitterverse is saying that red Model Y is a functioning prototype. (h/t Ryan McCaffrey)
Simon 14:13 PT: It’s full house (courtesy of Tesla owner-investor Dennis Pascual). Just a bit over 15 minutes before it’s set to begin.
Simon 14:10 PT: Kinda wondering if that red Y is just a wrapped version of the blue prototype from the unveiling. Sure looks like a working model imo. But that OEM chrome delete though.
Simon 14:09 PT: Some sweet cars outside the meeting’s venue. 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?? (dun dun dun! just pre-empting the FUD)
Elon Musk
Tesla Supercharger for Business exposes jaw-dropping ROI gap between best and worst locations
Tesla’s new Supercharger for Business calculator reveals an eye-opening all-in cost and location-based ROI projections.
Tesla has launched an online calculator for its Supercharger for Business program, giving property owners their first transparent look at what it really costs to install Superchargers on site and what kind of return they can expect.
The program itself launched in September 2025, allowing businesses to purchase and operate Supercharger hardware on their own property while Tesla handles installation, maintenance, software, and 24/7 driver support. As Teslarati reported at launch, hosts also get their logo placed on the chargers and their location integrated into Tesla’s in-car navigation, meaning drivers are actively routed there. The stalls are open to all EVs, not just Teslas.
We launched Supercharger for Business in 2025 to help companies get charging right. We found simplicity and transparency to be a problem in this industry.
We’re now sharing pricing and a financial calculator to help make informed decisions. The goal is to accelerate investments,…
— Tesla Charging (@TeslaCharging) April 8, 2026
The new online calculator, announced by Tesla on Wednesday with the note that “simplicity and transparency” have been a problem in the industry, lets any business enter a U.S. address and get a real cost and revenue model. A standard 8-stall V4 Supercharger site runs approximately $500,000 in hardware and $55,000 per post for installation, bringing an all-in price just shy of $1 million. Tesla charges a flat $0.10 per kWh fee to cover software, billing, and network operations. Businesses set their own retail price and keep the margin above that fee.
Taking a look at Tesla’s Supercharger for Business online calculator, we can see that ROI is not uniform, and the gap between a strong location and a poor one can stretch the breakeven point by several years.
The biggest driver is foot traffic and how long people stay. A busy rest station, hotel, or outlet mall brings in repeat visitors who need to charge while they’re already stopped, pushing utilization numbers higher and shortening payback time.
Tesla Supercharger for Business ROI calculator
Local electricity rates matter just as much on the cost side. Markets like California carry some of the highest commercial electricity rates in the country, which eats into the margin between what a host pays per kWh and what they charge drivers. At the same time, dense urban areas with high EV adoption tend to support higher retail charging prices, which can offset that cost if demand is strong enough. Weather also plays a role. Cold climates reduce battery efficiency and increase charging frequency, but they can also suppress utilization in winter months if drivers avoid stopping in exposed outdoor locations. Suburban and rural sites face a different problem: lower baseline EV traffic, which means a site with cheaper power and lower operating costs can still take longer to pay back simply because the stalls sit idle more often. Tesla’s calculator uses real fleet data to pre-fill utilization estimates by ZIP code, so businesses can run their specific address against these variables rather than relying on averages.
The program has seen real adoption. Wawa, already the largest host of Tesla Superchargers with over 2,100 stalls across 223 locations, opened its first fully owned and branded site in Alachua, Florida earlier this year. Francis Energy of Oklahoma and the city of Alpharetta, Georgia have also deployed branded stations through the program, as Teslarati covered in January.
Tesla now exceeds 80,000 Supercharger stalls worldwide, and the calculator makes the economic case for accelerating that number through private investment rather than company-owned sites alone.
Investor's Corner
Tesla stock gets hit with shock move from Wall Street analysts
Despite Tesla not being an automotive company exclusively, the Wall Street firms and analysts covering its shares are widely dialed in on its performance regarding quarterly deliveries. While it holds some importance, Tesla, from an internal perspective, is more focused on end-to-end AI, Robotaxi, self-driving, and its Optimus robot.
Tesla price targets (NASDAQ: TSLA) have received several cuts over the past few days as Wall Street firms are adjusting their forecast for the company’s stock following a miss in quarterly delivery figures for the first quarter.
Despite Tesla not being an automotive company exclusively, the Wall Street firms and analysts covering its shares are widely dialed in on its performance regarding quarterly deliveries. While it holds some importance, Tesla, from an internal perspective, is more focused on end-to-end AI, Robotaxi, self-driving, and its Optimus robot.
In a notable shift underscoring mounting caution on Wall Street, three prominent investment banks slashed their price targets on Tesla Inc. shares over the past two weeks following the electric-vehicle giant’s disappointing first-quarter 2026 delivery numbers. The revisions highlight softening EV sales figures and, according to some, execution challenges.
Tesla delivered 358,023 vehicles in the January-to-March period, a 14 percent sequential decline and a miss versus consensus forecasts of roughly 365,000 to 370,000 units.
Production hit 408,000 vehicles, yet the delivery shortfall, paired with limited updates on autonomous-driving progress and new-model timelines, rattled investors. Shares fell about 8.7 percent since April 1.
Wall Street analysts are now adjusting their forecasts accordingly, as several firms have made adjustments to price targets.
Goldman Sachs
Goldman Sachs cut its target from $405 to $375 while maintaining a Hold rating. Analyst Mark Delaney pointed to soft EV sales trends and margin pressures.
Truist Financial followed on April 2, lowering its target from $438 to $400 (Hold unchanged), with analyst William Stein citing misses in both auto deliveries and energy-storage deployments, plus a lack of fresh details on AI initiatives and upcoming vehicles.
It is a strange drop if using AI initiatives and upcoming vehicles as a justification is the primary focus here. Tesla has one of the most optimistic outlooks in terms of AI, and CEO Elon Musk recently hinted that the company is developing something for the U.S. market that will be good for families.
Baird
Baird’s Ben Kallo made a very modest trim, reducing its target from $548 to $538, keeping and maintaining the ‘Outperform’ rating it holds on shares. Kallo said the price target adjustment was a prudent recalibration tied to near-term risks.
Truist
Truist analyst William Stein pointed to deliveries and energy storage missing expectations, and cut his price target to $400 from $438. He maintained the ‘Hold’ rating the firm held on the stock previously.
JPMorgan
Adding to the bearish tone on Monday, April 6, JPMorgan’s Ryan Brinkman reiterated an Underweight (Sell) rating and $145 price target, implying roughly 60 percent downside from recent levels.
Brinkman highlighted a “record surge in unsold vehicles” that adds to free-cash-flow woes, with inventory swelling to an estimated 164,000 units.
Tesla’s comfort level taking risks makes the stock a ‘must own,’ firm says
He lowered his Q1 2026 EPS estimate to $0.30 from $0.43 and full-year 2026 EPS to $1.80 from $2.00, both below consensus. Brinkman noted that expectations for Tesla’s performance have “collapsed” across financial and operating metrics through the end of the decade, yet the stock has risen 50 percent, and average price targets have increased 32 percent.
This disconnect, he argued, prices in an unrealistic sharp pivot to stronger results beyond the decade, while near-term realities remain materially weaker.
He advised investors to approach TSLA shares with a “high degree of caution,” citing elevated execution risk, competition, and valuation concerns in lower-price, higher-volume segments.
The revisions have pulled the overall consensus lower. Aggregators show the average 12-month price target now ranging from approximately $394 to $416 across roughly 32 analysts, with a prevailing Hold rating and a mixed split of Buy, Hold, and Sell recommendations.
Brinkman’s $145 target stands as a notable outlier on the bearish side.
Not Everyone Has Turned Bearish on Tesla Shares
Not all firms turned more pessimistic. Wedbush Securities held its bullish $600 target, stressing that AI and full self-driving technology represent the core value drivers, with current delivery softness viewed as temporary.
These moves reflect a broader Wall Street recalibration: near-term EV demand faces pressure from high interest rates, intensifying competition, especially from lower-cost Chinese rivals, and slower adoption.
At the same time, many analysts continue to see Tesla’s technology leadership in software-defined vehicles, autonomy, robotaxis, and energy storage as pathways to outsized long-term gains once macro conditions ease and new models launch.
With Tesla’s first-quarter earnings report due later this month, upcoming details on cost discipline, Cybertruck ramp-up, and AI roadmaps will likely shape whether these target adjustments prove prescient or overly cautious. Investors remain divided between immediate delivery realities and the company’s ambitious vision.
Tesla shares are trading at $348.82 at the time of publishing.
Elon Musk
SpaceX to launch military missile tracking satellites through new Space Force contract
SpaceX wins a $178.5M Space Force contract to launch missile tracking satellites starting in 2027.
The U.S. Space Force awarded SpaceX a $178.5 million task order on April 1, 2026 to launch missile tracking satellites for the Space Development Agency. The contract, designated SDA-4, covers two Falcon 9 launches beginning in Q3 2027, one from Cape Canaveral Space Force Station in Florida and one from Vandenberg Space Force Base in California. The satellites, built by Sierra Space, are designed to bolster the nation’s ability to detect and track missile threats from orbit.
The award falls under the National Security Space Launch Phase 3 Lane 1 program, which Space Force uses to move payloads to orbit on faster timelines and at more competitive prices. “Our Lane 1 contract affords us the flexibility to deliver satellites for our customers, like SDA, more easily and faster than ever before to all the orbits our satellites need to reach,” said Col. Matt Flahive, SSC’s system program director for Launch Acquisition, in the official press release.
SpaceX is quietly becoming the U.S. Military’s only reliable rocket
The SDA-4 contract is the latest in a long string of national security wins for SpaceX. As Teslarati reported last month, the Space Force recently shifted a GPS III satellite launch from ULA’s Vulcan rocket to SpaceX’s Falcon 9 after a significant Vulcan booster anomaly grounded ULA’s military missions indefinitely. That move made it four consecutive GPS III satellites transferred to SpaceX after contracts were originally awarded to its competitor.
This didn’t come without a fight and dates back years. SpaceX originally had to sue the Air Force in 2014 for the right to compete for national security launches, at a time when United Launch Alliance held a near monopoly on the market. Since then, the company has steadily displaced ULA as the dominant provider, and last year the Space Force confirmed SpaceX would handle approximately 60 percent of all Phase 3 launches through 2032, worth close to $6 billion.
With missile defense satellites now part of its launch manifest alongside GPS, communications, and reconnaissance payloads, SpaceX is giving hungry investors something to chew on before its imminent IPO.
Tesla CEO Elon Musk says next FSD release is the one we’ve been waiting for
Tesla Supercharger for Business exposes jaw-dropping ROI gap between best and worst locations
