Tesla Shareholders Have Questions on Cybertruck and Next-Generation Compact Vehicle for Q4 Earnings Call
Tesla Inc (NASDAQ: TSLA), the renowned electric vehicle (EV) giant, has started taking questions for its upcoming fourth-quarter earnings call. Among the numerous inquiries, shareholders have expressed particular interest in the Cybertruck, with the most voted question pertaining to the next-generation compact vehicle.
A retail investor asked, “Given that you moved the start of the next-generation compact vehicle production to Austin, has the timeline improved so that we might see next-generation platform vehicles in 2025?”
Other questions revolve around the existing number of Cybertruck orders and when Tesla anticipates fulfilling these orders. Shareholders are also seeking information on the expected timelines for various promises made by Tesla, including the deployment of Optimus in Tesla factories, the ramping up of 4680 cells, the mass production of the Tesla Semi, and the rollout of the allegedly autonomous full self-driving (FSD) version 12 to the public.
Additionally, concerns were raised by a shareholder regarding CEO Elon Musk’s recent request for 25% voting rights at the company. Musk stated that if he is not granted these voting rights, he would prefer to build his AI products outside of Tesla. The shareholder asked, “Should retail shareholders be concerned that Elon has stated he is uncomfortable expanding AI and robotics at Tesla if he doesn’t have 25% of voting?”
Tesla is set to announce its fourth-quarter results after the market closes on January 24. During the company’s earnings call, select shareholder questions will be addressed.
In terms of recent performance, Tesla reported deliveries exceeding its target of 1.8 million vehicles by the end of 2023, with the Model 3 and Model Y dominating sales. In the fourth quarter alone, the company delivered 484,507 vehicles, including several units of its highly anticipated stainless steel Cybertruck.
The Cybertruck deliveries commenced on November 30, following a four-year period since its unveiling. During Tesla’s last earnings call in October, Musk revealed that over a million people have reserved the vehicle. However, due to production scaling challenges, the company expects to deliver 250,000 vehicles per year only by 2025.
It remains to be seen how Tesla will address the questions regarding the Cybertruck and the next-generation compact vehicle during its earnings call. Shareholders and EV enthusiasts alike eagerly await the company’s updates and insights into its future plans.
[Image Source: Shutterstock by Hadrian]
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