Investor's Corner
LIVE BLOG: Tesla 2023 Cyber Roundup (Annual Shareholder Meeting)
Tesla’s (NASDAQ:TSLA) 2023 annual shareholder meeting, also known as the 2023 Cyber Roundup, is here. There’s quite a lot of excitement leading into the event, especially with regards to the potential return of Tesla co-founder JB Straubel as a member of the company’s Board of Directors.
This year’s annual meeting of stockholders comes after one of Tesla’s most notable quarters to date. In the first quarter, the company produced over 440,000 vehicles and delivered over 422,000 vehicles. That’s a new record, though it was one that was achieved following notable price cuts to the company’s vehicle lineup.
Tesla’s 2023 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 2023 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.
16:50 CT – With the meeting concluded, we’d like to thank you once more for staying with us for this live blog. Until the next time!
16:49 CT – A Tesla shareholder asks if the company could have a public-facing timeline for FSD. Elon reiterates that FSD is really all about safety.
And with those (several) extra questions, Tesla’s 2023 Annual Shareholder Meeting (2023 Cyber Roundup) is done. Elon Musk thanks everyone again as he closes the meeting.
-
16:43 CT – Tesla bull Gary Black of The Future Fund asks about Tesla’s pricing strategy for the Model Y moving forward. Musk notes that Tesla looks at demand and adjusts pricing to meet the demand. Car companies also do adjustments all the time, so Tesla is no exception.
16:40 CT – Another shareholder asks about “Guest Mode” for its vehicles, and a Plaid Mode for the Model X. Elon Musk notes that Tesla will roll out Plaid Mode for its flagship SUV.
16:37 CT – A shareholder asks about Cybersecurity, and what Tesla is doing to protect itself and its products. The shareholder also asks if Tesla can do some navigation improvements. Musk notes that Tesla is putting in a lot of effort to ensure that its cars are protected from online attacks. “We take information security very seriously,” Musk said.
16:36 CT – A shareholder asks if Optimus would be deployed on Mars. Musk notes that Optimus is not that deep of a thinker right now, but Tesla is emphasizing safety for the humanoid robot.
16:35 CT – A shareholder asks about Tesla’s career opportunities and diversity inclusion efforts. Musk notes that in all Tesla Gigafactories, the company works with schools to foster talent for its facilities — even if Tesla is already good with automation.
16:32 CT – Another shareholder asks about Cybertruck’s target production, and if Musk is looking to step down as CEO. Musk crushes rumors about stepping down as CEO. “It ain’t so,” he said. As for Cybertruck’s production, Musk stated that production would follow an S curve. “We’ll see what the demand is,” Musk said, suggesting that Tesla could probably do a quarter to half a million a year. He also noted that Tesla does not just have to improve its production. The company should also be able to optimize its production efficiency.
16:27 CT – Another shareholder asks about Tesla’s software as a service potential, and the company’s peak margin. Musk notes that this is highly speculative territory, but if customers have a car that costs the same, but has a 20-25% margin, and FSD comes, then 80% or so margins would be possible. This is, of course, extremely speculative.
-
16:24 CT – A shareholder asks about Tesla insurance on more states like Florida. Zachary Kirkhorn confirms off camera that Tesla Insurance in Florida is coming this year. Elon Musk highlights that getting approval for Tesla Insurance is insanely complicated.
16:23 CT – A shareholder asks about the next-generation Roadster. Any updates will be nice, the shareholder said. Musk notes that this is a totally fair question. “We expect to complete the engineering and design of the next-gen roadster this year. Hopefully start of production next year, Musk said. The CEO adds that the Roadster is not just the icing on the cake. It’s the cherry on the icing on top of the cake.
16:20 CT – A longtime retail investor asks about Tesla’s plans to secure lithium supply. Musk notes that he believes the constraint with lithium is in refining. This is why Tesla’s South Texas lithium facility is coming from refining. “The limiting factor is not how fast you can mine, but how much you can process,” Musk said.
16:15 CT – Another shareholder asks if Tesla is developing the ability of third parties to develop games for the car. Elon Musk notes that this is something that makes sense in the future, but for now, Tesla’s software team is focused on achieving full self-driving. “Once we achieve full self driving, there will be a lot of opportunities for apps and whatnot,” Musk said.
16:13 CT – Another shareholder, Meet Kevin from YouTube, highlights that Tesla needs advertisements, at least to inform people about the amazing things about Tesla that people don’t known about. The YouTuber noted that he recently talked to a TSLA bear that still echoes talking points from 2016. Elon Musk actually agrees. “I hear you,” Musk said, adding that ironically, Twitter is highly dependent on advertising.
Musk notes that yes, “We’ll try a little advertising and see how it goes,” he said. The audience CHEERS. Musk jokes that he has taken the shareholders’ subtle hint.
16:08 CT – The shareholder now asks if Tesla would be open to extending its vehicle’s financing terms. Elon Musk notes that the banks are the ones that are deciding on its vehicles’ financing. “It’s really the bank’s choice as to what they’re willing to do,” Musk said.
-
16:07 CT – A Tesla shareholder asks how the company can incentivize customers to embrace energy products. Musk notes that Tesla is making headway on some projects. This question is followed by a shareholder asking how Musk is doing.
The CEO noted that it’s not really fun with his constant negative media coverage, but he’s optimistic. “Sometimes the work pain level is quite excruciating,” Musk said. He also mentions that he believes Twitter’s new CEO would likely make the platform work.
“Thanks for asking this. It’s kind of you to ask,” Musk said.
16:03 CT – A Tesla shareholder in an Optimus costume asked if Tesla is looking to make an RV. Elon Musk notes that Tesla is not currently planning a dedicated RV, but the Cybertruck would have accessories that would make it perfect for camping. Tesla is even adding “attach points” to the Cybertruck, so third-party companies can add things to the pickup truck. Oh, and a 30-min “podcast” will be added after an earnings call, covering Optimus updates.
16:00 CT – Questions from the audience are starting. “Hit me with your toughest question,” Musk said.
16:00 CT – Musk stated that Optimus will far outnumber Tesla’s vehicles. With this in mind, it would not be surprising if Tesla’s business in the future is built on the back of its humanoid robot. “Tesla’s long-term value, a majority of its value will be Optimus. And that prediction I’m confident of,” Musk said.
15:55 CT – A new video of the Tesla Bot (Optimus) is also shared, showing the humanoid robot performing more complex tasks. Musk reiterated that Optimus will use the same FSD system as the company’s electric vehicles.
-
15:54 CT – Musk reiterated Tesla’s goal of producing 20 million cars per year. He also noted that Cybertruck production is hard, and he stated that it will still be exoskeleton based.
Production Cybertrucks will start deliveries this year, and it will likely be better than expected, Musk said. “Cybertruck is the car I will be driving on a day-to-day basis,” he added.
“I think the product (Cybertruck) is better than expectations,” Musk said. He also teased that Tesla is currently making two new products that will be heads and shoulders above the competition.
“Just these two products alone — and this is Elon’s guess — will make in excess of five million units per year combined,” Musk said.
15:49 CT – Musk noted that Tesla is seeing a lot of demand for the Megapack. “The Tesla Megapack is now more competitive than a gas-powered peaker plant,” he said.
Musk added that, as he predicted in the past, Tesla’s stationary battery storage business is indeed growing at a faster rate than the company’s electric vehicle business. “The demand is quasi-infinite here,” Musk added.
15:46 CT – Musk highlighted Tesla’s dedication to safety, noting that the company focuses itself on its cars avoiding accidents altogether. But even in the event of an accident, Tesla makes it a point to protect its occupants.
-
Musk also highlighted that Tesla’s cabin overheat protection — a rather underrated feature — has resulted in zero infant or pet deaths in a Tesla to date. “Never in the history of the company, as a child or a pet died in a Tesla,” Musk said.
15:44 CT – Musk gave special credit to Tesla’s software team. He also notes that Tesla is confident the Model Y could become the world’s number one best-selling car this year. This has already happened in Europe, and it’s performing well in China. “It’s going well,” Musk said.
15:42 CT –”Tesla is not immune to the global economic environment,” Musk cautioned. He notes that the next 12 months will be challenging, and lots of other companies would probably go under. “I want to make sure that this is not just the good news parade. That said, it would not be darkness forever,” Musk said. He also noted that Tesla would be in an extremely good position after this period.
15:39 CT – Musk highlights that Tesla is the world’s largest carmaker. Tesla is the highest margin of any car maker in the world. “We’re making EVs profitably. Almost no one is,” the CEO said.
15:37 CT – Musk reiterates his previous points for FSD Beta, noting that the system would allow for a notable value increase for Tesla’s fleet. “It’s not that a Full Self Driving will be safer than a person, it will be a lot lot better–like a lot,” Musk said.
15:35 CT – The CEO announces some of Tesla’s next innovations, such as the company’s new drivetrain, which is more affordable, and the shift to 48-volt architecture, which will save a lot of copper. Musk also notes that FSD Beta is growing “hyper-exponentially.”
15:33 CT – Musk pledges that there will be a time when electric vehicles are cheaper than gasoline-powered cars. “We’re gonna get to the point where an electric vehicle is cheaper than a gasoline vehicle,” Musk said. He also noted that Tesla’s factories are among the safest in the industry. Tesla is also among the most popular places to work.
-
“The top two most desirable companies on Earth for engineers were SpaceX and Tesla… Where are the most smartest and driven people are gonna work? That company is gonna win,” he said.
15:29 CT – Musk invites critics to post their critique of Master Plan Part 3. He did state, however, that most of the feedback for Master Plan Part 3 has been positive. This suggests that Tesla’s assumptions may be quite accurate.
15:28 CT – Musk mentions Master Plan Part 3, stating that Tesla wants to highlight how a path towards sustainability exists, and it can be accelerated. He mentions some of Master Plan Part 3’s most salient points, such as the fact that based on Tesla’s computations, it would actually save the world money if it shifts to sustainability.
Musk notes that Tesla would be doing a third-party audit for its battery supply chain. “You know what, we will do a third-party audit,” Musk said, noting that Tesla would even put cameras on its mines. “If anybody sees any children (working there), do let us know,” he said.
He also highlighted that Tesla uses nickel cells, which use little cobalt, and iron cells, which uses no cobalt at all. The CEO noted that phone batteries use lots of cobalt. But even for the small amount of cobalt that Tesla is using, Musk noted that the company would have this audited heavily.
“Even for the small amount of cobalt–6 weeks to sunday–we do use, we will make sure that no child labor is used,” Musk said.
15:23 CT – Tesla CEO Elon Musk takes the stage to much cheering from the audience. He notes that he loves Tesla shareholders. “I seriously love all of you guys,” he said. He also notes that the Tesla team accomplished notable milestones in the past year.
-
15:22 CT – Martin Viecha announces that shareholders have voted along with the company’s recommendations, except for the proposal pertaining to executives’ compensation. This means that JB Straubel has become the newest member of Tesla’s Board of Directors!
15:20 CT – Another shareholder takes the stage. She highlights the issue of human rights and abuses in the EV maker’s supply chain. The shareholder notes that Tesla should have third-party checks for child labor in cobalt mining in Congo and forced labor in China.
Tesla’s Impact Report has noted that the company is strictly auditing its supply chain. The shareholder, however, argues that there are still things that are unclear. She cites more figures to highlight her point, noting that Tesla’s leadership needs to anchor its stance on empathy and a concern for human rights abuses.
15:16 CT – A Tesla shareholder takes the stage to argue for the idea of the company reporting key-person risks. Tesla advises that shareholders vote against this proposal.
The shareholder notes that TSLA management is focused on things that are not Tesla. Margins are falling, and even if the product pipeline is good, Tesla’s management is fragmented, the shareholder noted. “They see the company as an extension of its CEO,” the shareholder stated.
“The company is so much more than its key person,” the shareholder added, noting that it is pertinent for Tesla to adopt systems that would allow the company to become stronger and more refined.
15:13 CT – Here are the proposals that shareholders are voting for.
-
Proposal One—Tesla proposal to elect three Class I directors
Proposal Two—Tesla proposal to approve executive compensation on a non-binding advisory basis
Proposal Three—Tesla proposal to approve the frequency of future votes on executive compensation on a non-binding advisory basis
Proposal Four—Tesla proposal to ratify the appointment of independent registered public accounting firm
Proposal Five—Stockholder proposal regarding reporting on key-person risk, if properly presented
15:11 CT – Martin Viecha takes the floor. He declares the polls open. Let’s go!
15:10 CT – Denholm also highlighted Tesla’s environmental milestones over the past year. She brings up a number of points from the 2022 Impact Report, such as the Supercharger Network’s sustainability and the company’s battery-related efforts. Denholm thanks Tesla’s Board of Directors and mentions JB Straubel’s potential addition to the team. The audience cheers loudly.
-
15:06 CT – Denholm notes that Tesla is getting ready to roll out its first Cybertruck. She highlights how Tesla is achieving massive gains in its production capacity. The Tesla Chair also gives credit to the company’s leadership for putting the company in a strong position to advance its ambitious mission.
15:04 CT – Viecha states that the 2023 Cyber Roundup will be comprised of two parts. A voting segment on several topics and another one featuring a session with CEO Elon Musk. The Tesla VP gives the floor to Tesla Chair Robyn Denholm, who also welcomes the audience. She highlights the progress of Giga Texas over the past year.
15:00 CT – Here we go! Tesla VP of Investor Relations Martin Viecha opens the event to much cheers from the audience. He thanks the audience for their attendance.
Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads-up.
-
SpaceX (NASDAQ: SPCX) reported a beat in revenues and EBITDA in its first earnings call report while also minimizing losses as its business continues to gain momentum.
After its IPO in July, SpaceX saw some tough losses on Wall Street due to a major selloff after a delay in its 13th Starship test flight. The ship launched later that week and completed what was arguably the most successful IFT operation in the Starship program’s history.
Nevertheless, the company is continuing on and reported some encouraging financials while also promoting what appears to be a robust outlook moving forward in its Space, AI, and Connectivity divisions.
SpaceX to report first-ever earnings today: here’s what to expect
Earnings Results
- Revenues: $7.8 billion reported vs. $6.7 billion expected
- Adjusted EBITDA: $3.5 billion vs. $2 billion expected
- Net loss of $541 million, an improvement of $467 million from net loss of $1.0 billion
Additionally, CFO Bret Johnsen had these comments:
“2026 has been a momentous year so far, and the second quarter demonstrated the true power of SpaceX. Revenue growth accelerated across all our business segments and we delivered strong operating leverage, with significant margin expansion led by our new AI compute agreements. Our unparalleled leadership in launch, Starlink subscriber growth, new enterprise and government partnerships, and best-in-class AI infrastructure underscore our ability to drive meaningful scale and deliver attractive returns. As a newly public company, we are delighted to welcome our broad base of shareholders and bondholders. We ended the second quarter with $100 billion of cash, cash equivalents, and marketable securities, and $47.5 billion in backlog. This financial strength gives us substantial capacity to invest in Starship, Starlink Broadband and Mobile satellites, and our AI platform, while maintaining a disciplined long-term capital allocation framework.”
Space Business Highlights
SpaceX shared some of its biggest Space Business Highlights for Q2:
- Space revenues grew 55% sequentially and 29% year-over-year to $962 million, driven by a higher number of large customer launches and a favorable customer shift compared to the prior year
- Total costs and expenses for the Space segment were up by $389 million year-over-year, as we continued to accelerate R&D investments in our Starship program, which we believe will reduce the cost to orbit by 99% or more relative to the historical average, and unlock significant revenue potential across all business segments
- Leading launch provider for the world with 78 launches and 1,041 metric tons of mass to orbit deployed over the six months ended June 30, 2026, primarily allocated to Connectivity for the deployment of our Starlink constellation
- Starship V3 development continued to advance towards full and rapid reusability:
- Completed Starship V3’s first suborbital mission in May, Flight 12, which achieved a successful lift off from our new Starbase pad, a precision landing of Starship’s upper stage, and deployment of modified V2 Starlink satellites
- Subsequent to the second quarter, completed Starship Flight 13 in July, which achieved all flight objectives including deploying 20 production V3 satellites, demonstrating in-space relight of a Raptor engine, and executing the softest ever splashdown of Starship, providing critical views of an intact heatshield
SpaceX will report its earnings today at 4:30 P.M. EDT.
Elon Musk issued a second pointed warning to SpaceX short sellers on Tuesday, just hours before the company was set to release its first quarterly earnings as a publicly traded firm. Responding to a report highlighting elevated short interest, Musk wrote on X: “I try to warn them, but they just double down …”
The comment came as data from S3 Partners showed roughly 95 percent of available SPCX shares to borrow were on loan, translating to about 34 percent short interest as a percentage of the float. The stock has traded under pressure since its record-breaking IPO in June 2026, declining significantly from early peaks.
I try to warn them, but they just double down … 🤷♂️
— Elon Musk (@elonmusk) August 4, 2026
This marks the second such message from Musk in under three weeks.
On July 17, amid post-IPO volatility, he stated: “The survival probability of firms who maintain a significant short position in SpaceX over time is very low.” At that time, SPCX had fallen roughly 30 percent from its peak above a $2.6 trillion valuation, with short sellers reportedly realizing gains of about $8.7 billion.
Musk’s warning aligned with optimistic analyses projecting that Starship-driven cost reductions could enable a multi-trillion-dollar space economy through applications such as orbital solar power, asteroid mining, data centers, and Mars-related projects, positioning SpaceX as critical infrastructure.
SpaceX is scheduled to report second-quarter results after the market close later today, followed by a webcast. Analysts anticipate revenue near $6.9 billion, reflecting growth in Starlink, launch services, and AI-related segments. The earnings release precedes a major lockup expiration on August 6 that could free hundreds of millions of insider shares.
Musk has a long track record of confronting short sellers, particularly regarding Tesla, where he has argued that persistent bearish positions underestimate transformative technologies. Critics view his optimism as overly ambitious given near-term stock fluctuations, while supporters see temporary dips as opportunities in a longer-term expansion of the space economy.
As SpaceX opens its books to public scrutiny for the first time, the high short interest and Musk’s repeated cautions set the stage for heightened market attention on the results and management’s commentary.
Elon Musk’s space exploration company, SpaceX (NASDAQ: SPCX), is set to report its earnings for the second quarter today in what will be its first-ever earnings call since going public in July.
SpaceX is trading down roughly 25 percent from its IPO. These early stock signals are usually a bit tumultuous, and considering this is the first company actively launching rockets that is available on the stock exchange, investors might have a tendency to be a bit skittish.
However, there are going to be some details that investors will hear for the first time today on the earnings call. Here’s what to look for:
Wall Street Expectations
Revenue is expected to fall somewhere around $6.8 billion, and will be heavily driven by Starlink, which is SpaceX’s widely popular satellite internet platform that has been adopted by numerous airlines, cruise ships, and other maritime operations. It is also available for consumers at home or in their cars.
Earnings Per Share (EPS) expectations fall at a net loss of $0.23 per share. Wall Street sees this as a total net loss of roughly $1.9 billion.
EBITDA is expected to come in between $2 billion and $2.1 billion.
What Investors Want to Know
Tesla uses the Say platform to help work with both retail and institutional investors to answer relevant and quality questions that address concerns or questions that they might have.
However, SpaceX is doing things differently, as the company launched its own Investor Relations website where these questions are being fielded. Just like the Tesla questions, they seem to be less focused on the operational tasks and overall progress of the company, and more novelty.
Here are the top five:
- Has the team thought about what possibilities there are with your mascot Asteroid? Whether it’s starting additional foundations for kids in its name, helping kids learn about space, etc. Kids are our future, and Asteroid would be a fun and easy way to help.
- Baby Asteroid is already making a difference through charity around the world. Could SpaceX take it even further with programs that inspire kids to explore space?
- SpaceX has some legendary vehicle names. Would you ever allow the public to name a Starship, even knowing there is a 99% chance it becomes Shipy McShipface?
- When can we expect to see more footage of the Human Landing System?
- Will Asteroid (your mascot) go to Mars?
SpaceX will report its earnings today, August 4, at 4:30 P.M. EDT.
SpaceX reports beat in first earnings while minimizing losses
Elon Musk sends second warning to SpaceX shorts ahead of first earnings
