Elon Musk, CEO of Tesla, recently addressed the company’s staff in an all-hands meeting, outlining his vision for a future of sustainable abundance. Musk praised the company’s workforce, stating that some of the finest people in the world work at Tesla, designing and manufacturing incredible products.
Key Milestones Achieved
- Tesla has produced over 7 million vehicles globally
- The company is projected to surpass the 10 million vehicle mark next year
- Model Y has become the best-selling vehicle in the world
- Cybertruck has risen to the top-selling electric pickup
A Bright Future Ahead
Musk emphasized that despite occasional turbulence, the future is “incredibly bright.” He highlighted the role of solar energy, battery storage, and AI in creating a world where resources are plentiful without compromising nature. The company’s broader ambitions, including space travel and colonization of Mars, were also reiterated.
Tesla’s Ongoing Success
- Model 3 has been upgraded and reaffirmed its five-star safety rating
- Cybertruck has achieved a five-star safety rating
- Tesla’s position as Europe’s best-selling EV brand has been solidified
- The company’s growing presence in international markets, including Lithuania, Chile, and the Philippines, was celebrated
Hang On to Your Stock
Musk defended the company’s autonomous future, stating that some investors have already recognized its disruptive potential. He encouraged staff to “hang on to your stock,” citing the company’s extensive Supercharger network and the progress being made with the Dojo supercomputer.
Dojo Supercomputer and Optimus Robot
- The Dojo supercomputer is making significant progress, with the first-generation now fully operational
- A more advanced version of the supercomputer is expected to be “ten times” more powerful
- Optimus, the humanoid robot, has gone from an idea to the most sophisticated robot on Earth, with mass production at an affordable price enabled by Tesla’s expertise in AI, electric motors, batteries, and large-scale manufacturing
Why It Matters
The all-hands meeting was a significant event, with Musk outlining his vision for the company’s future. The meeting was initially met with confusion, but ultimately provided a sense of direction and purpose for Tesla’s staff.
Price Action
- Tesla’s stock gained 40.17% on Thursday’s regular session, closing at $236.26
- In after-hours trading, it dropped 0.51%, reaching $235.06
- Year-to-date, the company’s shares have dropped 37.71%