Did you miss the 2025 Shareholder Meeting? Not interested in watching the entire thing, but want all the important bits? Well, don’t worry!
Just as usual, we’ve got you covered, so buckle up - the full, organized recap of the 2025 Shareholder Meeting is available below. It was an exciting event and included some of the most important Shareholder votes we’ve seen to date.
Most importantly, Elon’s 2018 Pay Package, as well as the new 2025 CEO Performance Award, were both successfully passed at the Shareholder Meeting. In addition, Tesla’s Board promised to look into the xAI investment due to the significant shareholder interest in the matter.
The biggest takeaway is that Tesla has truly set their mission statement up front: Sustainable Abundance. It’s the new chapter for Tesla, and one that the entire Executive Team is pushing for. Sustainable Abundance covers EVs, Solar, Energy Storage, Optimus, and Charging - every business that Tesla is in.
FSD
Every Tesla vehicle is designed to be autonomous
Tesla’s sales and service teams are pushing customers to try FSD more
People who try often proceed with subscribing or buying, and the conversion rate has grown
Challenges remain in informing people of the capabilities of FSD
FSD V14 and its point releases are where Tesla is getting comfortable with the idea of FSD Unsupervised, namely, texting and driving
Elon mentioned that the goal is within the next few months, based on safety statistics, to begin opening this up
Tesla has seen, by solely FSD use (not Autopilot) across the last year:
85% fewer crashes
35K fewer fatalities
2M fewer injuries
FSD V14.3 will be the “Fall asleep and wake up at your destination” build
FSD transfer will be extended another quarter
Robotaxi
Tesla is aiming to expand Robotaxi to Las Vegas, Phoenix, Dallas, Houston, and Miami
Tesla has once again confirmed their intent to have no safety drivers in Austin by the end of 2025
AI Hardware
AI5 will be made in:
TSMC Fabs in Taiwan and Arizona
Samsung Fabs in Korea and Texas
These fabs will move on to producing AI6 in the future
Lots of big improvements with AI5:
5x block quantization
9x memory capacity
10x raw compute increase
50x total improvement over AI4
Tesla’s largest challenge right now is producing enough AI chips
Tesla may have discussions with Intel for chip production
4 fabs are not nearly enough production to keep up with demand
Elon floated the idea of building a Tesla TeraFab to build chips
100K chips per month, per module
10 modules on site, in the United States
Powering that compute is another challenge
Solar-powered AI satellites are a field that Tesla is looking into
Tesla is considering paying customers for access to their vehicles for inference with the deployment of AI5
Optimus
Optimus is a fundamental part of Sustainable Abundance
Optimus has the capability to help eliminate poverty
Optimus will be able to help provide medical care in the future
It will be Tesla’s biggest product, and better than the R2D2 you see in Star Wars
Big focus on safety - robots are powerful, but they must be safe for humans to be around
Tesla is aiming for an extremely fast production ramp
1 million unit production line at the Fremont factory
10 million unit production line at Giga Texas in the far future
4 million units per year by the end of 2027, aspirationally
Once mass production begins, Tesla is aiming to hit the $20K USD price target
Optimus shares a lot of technology with Tesla’s vehicles:
Actuators, Power Electronics, Battery, Audio, Cameras, AI Chips
Manufacturing, Data Communication, Training Cluster, Neural Sims
Optimus is the robot with arms and legs, while the cars are robots with wheels
Forearms and hands are extremely challenging to engineer effectively
One of Tesla’s hardest projects in manufacturing
Optimus Gen 3 production lines to begin in 2026
Perhaps one day, Optimus could be used with snapshots of human consciousness from Neuralink
Elon wondered if you’d still be the same person
Likely over 20 years away or more
Tesla will likely need to spend 10’s of billions on training compute for Optimus to make it a useful robot
This includes both household and general tasks
Vehicles
The Model Y is once again the best-selling car of any kind
The Model 3 is the best-selling premium sedan
Cybercab is purpose-built for autonomy
Tesla’s unboxed assembly has a 10-second cycle time
One new Cybercab will roll off the line every 10 seconds at full speed
Production will begin in April 2026
The rate of regulatory approval should match Cybercab’s development speed, ensuring no cabs are sitting unused
The 4680 cell is being improved
Dry cathode is a challenge and is still being worked on
Dry cathode will have some cost advantages over a wet cathode
Dry cathode production will begin soon. Tesla is still working on it
Cybertruck, Semi, Cybercab, and Optimus will run on 4680
Robovan will be Tesla’s accessibility-compliant vehicle for those with wheelchairs and other disabilities
Tesla has other projects they need to work on (Cybercab, AI5, Semi, Optimus) before they get to Robovan production
Elon mentioned it is still a few years away from production
Semi
Tesla’s Semi has reached its final production iteration:
500mi range
800kW drive power
1.2MW charging
1.7kWh/mi efficiency
Several companies are already using prototypes
Volume production begins at Semi Nevada in 2026, with an end-goal of 50K units per year
Semi is designed for autonomy, but will be a target for after Unsupervised FSD for consumer vehicles is solved
There is a new exterior design, including a front lightbar, similar to the new Model Y
Roadster
Founders-Series Roadster owners will all receive invites to the Roadster V2 Reveal
Not essential to Tesla’s mission, but it is the cherry on the icing on the cake
There should be cool and awesome technology like the Roadster - it will be an inspiring product
Roadster’s tech will likely not make it into Tesla’s mainline product lineup
Unveil should be April 1st of 2026, with production 12-18 months after
Tesla Energy
Static Storage is still one of Tesla’s biggest businesses
Sustainable abundance is powered by sustainable energy, held aloft by batteries
Tesla is still improving and iterating on utility-scale batteries
Megablock is 91% energy efficient between charge and discharge
Megablock V2 will integrate substation power electronics, cutting installation complexity and time
The energy business is reaching new heights, production is the constraint, not demand
Tesla did 31 GWh of static storage in 2024, more than double what they did in 2023
This will increase further as Mega Shanghai and other Megafactories spool up
Misc.
Tesla’s new lithium refinery is now the biggest outside of China
It will be able to produce 50GWh of lithium battery material annually
The new Giga Texas cathode factory is under construction
Tesla is working to build more supply chain resilience
Tesla will aim to have a bigger venue for future events, like a stadium
Space-based solar that beams back to Earth will be important for sustainable abundance, and a key step up the Kardeshev scale
SpaceX stock becoming available to more investors, or SpaceX going public, is a consideration for the far future
Tesla will build a matching Cyber Long Horn Bull statue outside of Giga Texas, matching the California Engineering HQ Cyber Bear
Tesla Insurance will expand, but it will be extremely slow
State-by-state regulations make it a challenging business to enter
The Tesla App will become available in currently unsupported languages, like Hebrew
