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.
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Investor's Corner
Tesla gets tip of the hat from major Wall Street firm on self-driving prowess
“Tesla is at the forefront of autonomous driving, supported by a camera-only approach that is technically harder but much cheaper than the multi-sensor systems widely used in the industry. This strategy should allow Tesla to scale more profitably compared to Robotaxi competitors, helped by a growing data engine from its existing fleet,” BoA wrote.
Tesla received a tip of the hat from major Wall Street firm Bank of America on Wednesday, as it reinitiated coverage on Tesla shares with a bullish stance that comes with a ‘Buy’ rating and a $460 price target.
In a new note that marks a sharp reversal from its neutral position earlier in 2025, the bank declared Tesla’s Full Self-Driving (FSD) technology the “leading consumer autonomy solution.”
Analysts highlighted Tesla’s camera-only architecture, known as Tesla Vision, as a strategic masterstroke. While technically more challenging than the multi-sensor setups favored by rivals, the vision-based approach is dramatically cheaper to produce and maintain.
This cost edge, combined with Tesla’s rapidly expanding real-world data engine, positions the company to scale robotaxis far more profitably than competitors, BofA argues in the new note:
“Tesla is at the forefront of autonomous driving, supported by a camera-only approach that is technically harder but much cheaper than the multi-sensor systems widely used in the industry. This strategy should allow Tesla to scale more profitably compared to Robotaxi competitors, helped by a growing data engine from its existing fleet.”
The bank now attributes roughly 52% of Tesla’s total valuation to its Robotaxi ambitions. It also flagged meaningful upside from the Optimus humanoid robot program and the fast-growing energy storage business, suggesting the auto segment’s recent headwinds, including expired incentives, are being eclipsed by these higher-margin opportunities.
Tesla’s own data underscores exactly why Wall Street is waking up to FSD’s potential. According to Tesla’s official safety reporting page, the FSD Supervised fleet has now surpassed 8.4 billion cumulative miles driven.
Tesla FSD (Supervised) fleet passes 8.4 billion cumulative miles
That total ballooned from just 6 million miles in 2021 to 80 million in 2022, 670 million in 2023, 2.25 billion in 2024, and a staggering 4.25 billion in 2025 alone. In the first 50 days of 2026, owners added another 1 billion miles — averaging more than 20 million miles per day.
This avalanche of real-world, camera-captured footage, much of it on complex city streets, gives Tesla an unmatched training dataset. Every mile feeds its neural networks, accelerating improvement cycles that lidar-dependent rivals simply cannot match at scale.
Tesla owners themselves will tell you the suite gets better with every release, bringing new features and improvements to its self-driving project.
The $460 target implies roughly 15 percent upside from recent trading levels around $400. While regulatory and safety hurdles remain, BofA’s endorsement signals growing institutional conviction that Tesla’s data advantage is not hype; it’s a tangible moat already delivering billions of miles of proof.
Elon Musk
SpaceX IPO could push Elon Musk’s net worth past $1 trillion: Polymarket
The estimates were shared by the official Polymarket Money account on social media platform X.
Recent projections have outlined how a potential $1.75 trillion SpaceX IPO could generate historic returns for early investors. The projections suggest the offering would not only become the largest IPO in history but could also result in unprecedented windfalls for some of the company’s key investors.
The estimates were shared by the official Polymarket Money account on social media platform X.
As noted in a Polymarket Money analysis, Elon Musk invested $100 million into SpaceX in 2002 and currently owns approximately 42% of the company. At a $1.75 trillion valuation following SpaceX’s potential $1.75 trillion IPO, that stake would be worth roughly $735 billion.
Such a figure would dramatically expand Musk’s net worth. When combined with his holdings in Tesla Inc. and other ventures, a public debut at that level could position him as the world’s first trillionaire, depending on market conditions at the time of listing.
The Bloomberg Billionaires Index currently lists Elon Musk with a net worth of $666 billion, though a notable portion of this is tied to his TSLA stock. Tesla currently holds a market cap of $1.51 trillion, and Elon Musk’s currently holds about 13% to 15% of the company’s outstanding common stock.
Founders Fund, co-founded by Peter Thiel, invested $20 million in SpaceX in 2008. Polymarket Money estimates the firm owns between 1.5% and 3% of the private space company. At a $1.75 trillion valuation, that range would translate to approximately $26.25 billion to $52.5 billion in value.
That return would represent one of the most significant venture capital outcomes in modern Silicon Valley history, with a growth of 131,150% to 262,400%.
Alphabet Inc., Google’s parent company, invested $900 million into SpaceX in 2015 and is estimated to hold between 6% and 7% of the private space firm. At the projected IPO valuation, that stake could be worth between $105 billion and $122.5 billion. That’s a growth of 11,566% to 14,455%.
Other major backers highlighted in the post include Fidelity Investments, Baillie Gifford, Valor Equity Partners, Bank of America, and Andreessen Horowitz, each potentially sitting on multibillion-dollar gains.
Elon Musk
Elon Musk hints Tesla investors will be rewarded heavily
“Hold onto your Tesla stock. It’s going to be worth a lot, I think. That’s my bet,” Musk said.
Elon Musk recently hinted that he believes Tesla investors will be rewarded heavily if they continue to hold onto their shares, and he reiterated that in a new interview that the company released on its social accounts this week.
Musk is one of the most successful CEOs in the modern era and has mammothed competitors on the Forbes Net Worth List over the past year as his holdings in his various companies have continued to swell.
Tesla investors, especially those who have been holding shares for several years, have also felt substantial gains in their portfolios. Over the past five years, the stock is up over 78 percent. Since February 2019, nearly seven years ago to the day, the stock is up over 1,800 percent.
Musk said in the interview:
“Hold onto your Tesla stock. It’s going to be worth a lot, I think. That’s my bet.”
Elon Musk in new interview: “Hold on to your $TSLA stock. It’s going to be worth a lot, I think. That’s my bet.” pic.twitter.com/cucirBuhq0
— Sawyer Merritt (@SawyerMerritt) February 26, 2026
It’s no secret Musk has been extremely bullish on his own companies, but Tesla in particular, because it is publicly traded.
However, the company has so many amazing projects that have an opportunity to revolutionize their respective industries. There is certainly a path to major growth on Wall Street for Tesla through its various future projects, including Optimus, Cybercab, Semi, and Unsupervised FSD.
- Optimus (Tesla’s humanoid robot): Musk has discussed its potential for tasks like childcare, walking dogs, or assisting elderly parents, positioning it as a massive long-term driver of company value.
- Cybercab (Tesla’s robotaxi/autonomous ride-hailing vehicle): a fully autonomous vehicle geared specifically for Tesla’s ride-sharing ambitions.
- Semi (Tesla’s electric truck, with mentions of expansion, like in Europe): brings Tesla into the commercial logistics sector.
- Unsupervised FSD (Full Self-Driving software achieving full autonomy without human supervision): turns every Tesla owner’s vehicle into a fully-autonomous vehicle upon release
These projects specifically are some of the highest-growth pillars Tesla has ever attempted to develop, especially in Musk’s eyes, as he has said Optimus will be the best-selling product of all-time.
Many analysts agree, but the bullish ones, like Cathie Wood of ARK Invest, are perhaps the one who believes Tesla has incredible potential on Wall Street, predicting a $2,600 price target for 2030, but this is not even including Optimus.
She told Bloomberg last March that she believes that the project will present a potential additive if Tesla can scale faster than anticipated.
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