On June 14, Beijing time, the 2024 Tesla shareholder meeting was held in Texas, USA. At this meeting, Tesla passed multiple resolutions through voting, including the compensation plan of $56 billion (approximately RMB 4062 billion) for Tesla founder Elon Musk's annual salary and the relocation of Tesla's registered address to Texas. In addition, Elon Musk also highlighted Tesla's future development prospects at this meeting, not only announcing that Cybertruck's weekly production has exceeded 1,300 units and will further increase the production capacity of the semi-truck Semi, but also that Tesla will launch three brand-new models in the future.

At this shareholder meeting, Elon Musk shared many views on business development, industry trends, company performance, and other issues, demonstrating a firm commitment to a sustainable future. Musk proposed that Tesla's market value has the potential to grow to 10 times that of the current highest-valued company, implying that Tesla's future market value could exceed the $30 trillion mark.

Tesla's automotive business continues to power ahead

At this Tesla annual shareholder meeting, Musk previewed three anticipated new models to the public, sparking widespread interest. He mysteriously stated, "The new models we are developing are very special. At first, you may not think they are amazing, but please stay tuned, and you will be pleasantly surprised."

According to the new car preview PPT, in addition to the existing Model S, Model X, Model 3, Model Y, Cybertruck, and Semi, there are three new car design sketches that are covered. Two of them have similar designs with smooth lines, exhibiting a rounded fastback contour, suggesting that they may be sports-style sedans or coupes. The third model exhibits a square appearance, more like a van or MPV, likely to meet more diversified market demands.

Although Musk did not reveal specific details, according to Tesla's previous plans, the company will launch the "Robotaxi" self-driving taxi service on August 8. In addition, Tesla also plans to launch a more affordable new model by the end of this year or early next year, which may be the long-rumored Model 2 model. It is expected that the launch of the new model will further expand Tesla's influence in the market.

When discussing existing models, Musk mentioned that due to the body structure and materials not complying with Chinese and EU regulations, Tesla will manufacture special editions of the CyberTruck for the Chinese and EU markets. The new car is likely to use traditional body materials rather than special stainless steel, and may even introduce special editions of the exterior and structural design. He also announced that Tesla will begin producing the CyberTruck non-Foundation series in the next quarter, which will further enrich Tesla's product line.

Regarding battery technology, although it is widely believed that Tesla's 4680 large cylindrical battery costs more than other suppliers, Musk confidently stated that he expects Tesla to achieve "cost parity" for the 4680 battery by the end of this year, which will help enhance the competitiveness of Tesla's products.

Worth mentioning is that Musk announced at the shareholder meeting that Tesla has produced over 6 million electric vehicles cumulatively and expects total production to exceed 7 million by the end of the year. To help customers earn income from their vehicles, Tesla plans to launch an innovative vehicle sharing program. This program is similar to a combination of ride-hailing and the Airbnb home-sharing platform, where Tesla will own a portion of the fleet while encouraging customer vehicles to join the operating queue to share profits. This innovative model is expected to bring more value to Tesla owners while also promoting Tesla's development in the shared mobility sector.

Artificial intelligence boosts Tesla's market value

As a technology company, Tesla has not only achieved significant achievements in the field of electric vehicles but has also demonstrated strong strength in artificial intelligence. The AI business has become an important pillar of Tesla, playing a crucial role in its market value growth.

Musk firmly believes that humanoid robots will integrate into our daily lives in the future, becoming capable household assistants, intelligent teachers for educating children, and even playing a vital role in factories. He predicts that the next-generation Optimus humanoid robot will have more capabilities, such as playing the piano, fully demonstrating Tesla's innovation and foresight in the field of artificial intelligence.

In fact, Musk has extremely high expectations for humanoid robots, believing that these robots will become the main force in industry, potentially surpassing the number of humans, and are expected to reach 10-20 billion in the future. Tesla plans to produce 1 billion humanoid robots annually, capturing more than 10% of the market share. This ambitious goal demonstrates Tesla's ambition and confidence in the field of artificial intelligence.

Moreover, Tesla is accelerating the expansion of its supercharging network, with an expected investment of $500 million in the second half of this year. This initiative will further improve Tesla's electric vehicle ecosystem and enhance its market competitiveness. Another noteworthy development is that Tesla's FSD autonomous driving system is continuously striving for implementation in the Chinese market. It is expected that if it can achieve its goals, it could also generate significant revenue for Tesla in the Chinese market.

With the continuous development of the AI business, Tesla's market value is expected to further increase. In fact, Tesla's stock price has risen against the trend this year, closing up 2.92% on Thursday and rising an additional 0.48% after-hours. This fully demonstrates the importance of the AI business for Tesla's market value growth. In the future, with the widespread application of humanoid robots and the increase in market share, Tesla's market value is expected to experience even more significant growth.

Under Musk's leadership, Tesla has always upheld an innovative spirit and entrepreneurial spirit, despite numerous challenges. Whether its future market value can exceed $30 trillion remains to be seen. However, Tesla's achievements in electric vehicles, artificial intelligence, and sustainable development are worthy of attention and learning by Chinese enterprises.