Tesla Annual Shareholder Meeting 2023

During the highly anticipated Tesla Annual Shareholder Meeting, CEO Elon Musk shared some significant achievements and announcements that demonstrate the company’s commitment to sustainability, innovation, and growth.


Environmental Impact:
Tesla has made remarkable progress in reducing its carbon footprint and promoting sustainability:
Avoided releasing approximately 13.4 million metric tons of CO2e.
Achieved a 30% year-on-year reduction in manufacturing greenhouse gas (GHG) emissions per vehicle.
Decreased water usage per vehicle by 15% year-on-year.
Job Creation:
Over the past decade, Tesla has been instrumental in generating employment opportunities:
Created over 125,000 jobs globally.
Total global employee count stands at 127,855.
Next-Generation Drive Unit:
Tesla unveiled its revolutionary next-generation drive unit, which boasts the following advancements:
75% reduction in silicon carbide usage.
Elimination of rare earth materials.
50% reduction in factory footprint.
A cost reduction of $1,000.
Environmental Impact Comparison:
Tesla highlighted the significant environmental benefits of electric vehicles (EVs) over internal combustion engine (ICE) vehicles:
EVs can achieve lower CO2 emissions within two years of usage, saving over 55 tons of CO2 throughout their lifetime.
Insourcing of Controllers and 48V Architecture:
Tesla announced the insourcing of controllers and the adoption of a 48V architecture, emphasizing their commitment to vertical integration and innovation.


Tesla’s Leading Position:
Elon Musk reaffirmed Tesla’s position as the world’s largest electric vehicle manufacturer, emphasizing the need for collective efforts in achieving the goal of producing millions of EVs.

Financial Performance:
Tesla showcased its strong financial performance, including a reversal driven by the successful Model 3 ramp:

Generated $7.6 billion in free cash flow in 2022.
Additionally, Musk touched upon various aspects of Tesla’s operations, highlighting the company’s focus on the Tesla Operating System, customer experiences, charging infrastructure, safety features, and the development of sustainable energy solutions.

The Tesla Annual Shareholder Meeting provided valuable insights into the company’s achievements and future plans, reinforcing its commitment to revolutionizing the automotive industry and promoting sustainable transportation worldwide.


Note : Data is collected from live streaming events . if there is any mistake  we will correct it soon .

By Joshi

Leave a Reply

Your email address will not be published. Required fields are marked *