Tesla CEO Musk denies rumors of resigning, predicts new car will bring 5 million annual sales

According to news on May 18, Tesla held its 2023 shareholders meeting at local time. In response to questions from shareholders, Musk denied rumors about stepping down as Tesla CEO and made a series of forecasts for the company's sales. Tesla is expected to launch two new models, which are expected to bring annual sales of 5 million vehicles, of which Model Y is expected to become the number one selling car in the world.

According to ITBEAR technology information, investment bank Wade Bush analyst Dan Ives said he believes Musk will remain CEO of Tesla for at least the next five years. He believes that Tesla is about to usher in an important period of innovation, and Musk showed new vitality at the shareholder meeting. The current focus should be on Tesla's product roadmap.

Tesla said that in the first quarter of this year, Model Y became the best-selling model in many markets around the world. In Europe, Model Y has the highest sales volume. In the United States, it is the best-selling non-pickup truck model. In the Chinese market, it is also the best-selling model in many single months. At the same time, Model Y and Model 3 is the main force of Tesla's delivery volume in the quarter, and the two models accounted for 97.5% of the quarter's delivery volume.

Musk revealed that Tesla is laying the foundation for its fifth Gigafactory in Mexico. He once again emphasized Tesla's goal of producing 20 million vehicles per year. Currently, Tesla has established 4 super factories in the United States, China and Germany. However, in order to achieve the goal of producing 20 million vehicles per year, Tesla still needs to build more than ten super factories. The production capacity of each factory is expected to be Between 1.5 million and 2 million vehicles.

When talking about the development progress of autonomous driving (FSD), Musk admitted that Tesla has reached a higher stage of autonomous driving development, but the real breakthrough has not yet been achieved. For fully autonomous driving, it is still unclear. A firm timetable cannot be given. Musk believes that FSD will be 10 times safer than a human driver. If fully autonomous driving is truly realized, the efficiency of the car may be 5 times that of today.

Regarding the much-anticipated electric pickup truck Cybertruck, Musk said that progress is going very smoothly and mass production is expected to begin later this year and deliveries will begin soon. The annual output of Cybertruck is expected to reach more than 250,000 vehicles. In addition, the next-generation sports car Roadster is expected to begin mass production in 2024.

Last year’s AI On Day 1, Tesla released the prototype of the humanoid robot "Optimus". Musk predicts that the demand for such robots may reach more than 10 billion, far exceeding the demand for cars. Therefore, he believes Tesla's long-term value may come from Optimus.

Regarding the macro environment, Musk expressed his belief that the global economy will improve in 12 months, and Tesla will be in a more favorable position by then.

The above is the latest report on Tesla’s shareholder meeting. Tesla’s future development prospects look very optimistic. The company will continue to launch new models and increase production capacity, while also developing autonomous driving and humanoid robots. There are also plans for further development in the field.

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