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.
Elon Musk
Tesla FSD in Europe vs. US: It’s not what you think
Tesla FSD is approved in the Netherlands, but the European version differs from what US drivers use.
On April 10, 2026, the Dutch vehicle authority RDW granted Tesla the first European type approval for Full Self-Driving Supervised, making the Netherlands the first country on the continent to authorize Tesla’s semi-autonomous system for customer use on public roads.
As Teslarati reported, the RDW approval followed 18 months of testing, more than 1.6 million kilometers driven on EU roads, 13,000 customer ride-alongs, and documentation covering over 400 compliance requirements. Tesla Europe had been running public demo drives through cities like Amsterdam and Eindhoven since early 2026, giving passengers their first experience of the system on European streets.
The European version of FSD is not the same software US drivers use. The RDW’s own statement is direct, noting that the software versions and functionalities in the US and Europe “are therefore not comparable one-to-one.” We’ve compile a table below that captures the most significant differences between US-based Tesla FSD vs. European Tesla FSD that’s based on what regulators and Tesla have publicly confirmed.
| Feature | FSD US | FSD Europe (Netherlands) |
| Regulatory framework | Self-certification, post-market oversight | Pre-market type approval required (UN R-171 + Article 39) |
| Hands requirement | Hands-off permitted on highway | Hands must be available to take over immediately |
| Auto turning from stop lights | Available — navigates intersections, turns, and traffic signals autonomously | Available in EU build — confirmed in Amsterdam demo footage handling unprotected turns and signalized intersections |
| Driving modes | Multiple profiles including a more aggressive “Mad Max” mode | EU build is more conservative by default and errs on the side of restraint when it cannot confirm the limit |
| Summon | Available — Smart Summon navigates parking lots to driver | Status unclear — not confirmed as part of the RDW-approved feature set; urban FSD approval targeted separately for 2027 |
| Driver monitoring | Camera-based eye tracking | Stricter continuous monitoring with more frequent intervention alerts |
| Software version | FSD v14.3 | EU-specific builds that must be separately validated by RDW |
| Geographic restriction | US, Canada, China, Mexico, Australia, NZ, South Korea | Netherlands only; EU-wide vote pending summer 2026 |
| Subscription price | $99/month | €99/month |
| Full urban FSD scope | Available | Partial — separate urban application planned for 2027 |
The approval comes as Tesla is under real pressure to grow FSD subscriptions globally. Musk’s 2025 CEO compensation package, approved by shareholders, includes a milestone requiring 10 million active FSD subscriptions as one condition for his stock awards to vest. Tesla hit one million subscriptions during its Q4 2025 earnings call, which is a meaningful start, but still a long way from the target. Opening Europe as a market for subscriptions, rather than just hardware sales, directly accelerates that number.
Tesla has said it anticipates EU-wide recognition of the Dutch approval during summer 2026, which would extend FSD access to Germany, France, and other major markets through a mutual recognition process without each country repeating the full 18-month review. That timeline is Tesla’s projection, not a confirmed regulatory outcome. As Musk acknowledged at Davos in January 2026, “We hope to get Supervised Full Self-Driving approval in Europe, hopefully next month.”
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.
Tesla Full Self-Driving shows stunning maneuver in Europe to silence skeptics
Tesla utilizes its ‘Rave Cave’ for new awesome safety feature
