Elon Musk’s E3 previews hint at Tesla’s dedicated ‘Toybox’ and ‘Arcade’ features


Elon Musk’s recent appearance at E3 Coliseum 2019 was rife with insights about Tesla’s current and future projects, particularly in the gaming capabilities of the company’s electric cars. Musk even shared a video of a Model 3 running Tesla’s new racing game, Beach Buggy Racing 2: Tesla Edition. Interestingly, the Model 3 in the teaser featured a new UI; one that included two new dedicated buttons on its app launcher.

The two new icons on the Model 3’s app launcher only appeared very briefly onscreen, but they were enough to stoke the interest of the Tesla community. One enthusiast, u/Wugz from the r/TeslaMotors subreddit, opted to enhance a frame of the preview. The sharpened images of the two icons were not fully clear, but they do seem to be labeled as “Toybox” and “Arcade.”

“Arcade” seems to be a straight reference to the games that will be rolled out for Tesla’s electric cars, especially since the vehicle’s user accessed the new racing title through the on-screen button in the demonstration. What was more interesting was “Toybox,” which has not been mentioned by Musk or Tesla in the past.

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There are several possible features that could be accessed through the Tesla UI’s “Toybox” button. Perhaps it will be a button that allows users to access their vehicles’ Easter Eggs? Tesla has been introducing a number of Easter Eggs for its cars over the years, from the classic Sketchpad to the more recent “Emissions Testing Mode” a.k.a. Fart Mode, or as Musk would like to describe it, his “finest work” to date. Thus, it would make sense for the company to arrange all these features under a single, easy-to-access menu.

The addition of dedicated buttons for “Toybox” and “Arcade” represents Tesla’s ongoing improvements to its vehicles’ software, not only on the safety aspect of the electric cars but also on the more fun parts of the ownership experience. As the company’s fleet of vehicles grows, Tesla could even look into launching an app store for its electric cars. This was something mentioned by Musk during an appearance at Tesla owner-enthusiast Ryan McCaffrey’s Ride the Lightning podcast.

“In order for it to be worthwhile for somebody to write an app, there has to be enough of an install base to warrant the effort. Even if you are going to port something, it’s still got to be worth the effort. As our number of vehicles grows, it starts to potentially make more sense to develop games and other applications for Tesla. We just need a lot of cars,” Musk said.

With the continued international ramp of the Model 3 and the eventual arrival of the Model Y and Tesla Pickup Truck, Musk’s statements could ring true in the very near future.

Elon Musk’s E3 previews hint at Tesla’s dedicated ‘Toybox’ and ‘Arcade’ features


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New York takes aim at Elon Musk’s Boring Company flamethrower in new bill


The New York State Senate has passed a bill banning possession of flamethrowers, classifying the objects as weapons of the fourth degree. The move comes in response to a merchandise promotion by Elon Musk’s Boring Company, wherein flamethrowers sporting the tunneling operation’s logo were sold for $500 each during a limited run of 20,000 units. To avoid issues with customs agencies, the devices were renamed to Not-A-Flamethrower; however, it’s not likely the naming convention will have much effect on legislation.

“Elon Musk’s Boring Company released a new flamethrower which sold out of all 20,000 within days, without any concern to the training of the purchasers or their reasons for buying. Allowing the general public to access this type of machine is extremely problematic; some commercial flamethrowers can project flames up to twenty feet from the user,” a memo written by the bill’s sponsor stated.

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While certain types of flamethrowers could certainly become a major hazard without proper training, such as the XM42-M that’s capable of shooting flames up to 30 feet, it’s important to note that the Boring Co. Not-a-Flamethrower is more of an oversized butane torch. Its functionality is very similar to weed killers that can be bought at hardware stores. The terms and conditions for the device are also drawn to concerns over safety, although uniquely phrased:

I will not use this in a house
I will not point this at my spouse
I will not use this in an unsafe way
The best use is creme brulee…
… and that exhausts our rhyming ability.

Also mentioned in the terms and conditions was a disclaimer noting that The Boring Company would not be responsible for anything “genius or stupid” that owners of the Not-a-Flamethrowers might do. A fire extinguisher was additionally included with purchases.

Certain exemptions would apply to New York’s ban, such as for flamethrowers built before 1966 and commercial agriculture and construction uses for the devices. The bill will now move to the state assembly for further consideration and a vote.

This isn’t the first time Not-A-Flamethrower has run up against legal troubles. In California, LA Assemblymember Miguel Santiago authored AB-1949, aka the “Flamethrower Bill”, which called for a pyrotechnic license and severe penalties for illegal use of possession of a flamethrowing device. The bill was amended down to only a simple warning label requirement before being permanently stalled by the state legislature.

New York takes aim at Elon Musk’s Boring Company flamethrower in new bill


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Porsche CEO lays bold claim about the Taycan, praises Elon Musk’s ‘courage’


Porsche CEO Oliver Blume recently went on an interview with German publication Handelsblatt, where he discussed the veteran carmaker’s plans for the Taycan, as well as the vehicle’s impressive performance. Blume even took some time to address Tesla CEO Elon Musk, whom he credits for the automotive sector’s current shift towards electrification.

When asked by the publication if he thinks “no one will talk about Tesla” any longer after the Taycan is unveiled, Blume noted that “to be honest, we did not think so.” Blume later elaborated on his statement, stating that he respects Tesla CEO Elon Musk, particularly his “pioneering spirit,” which is one of the things that has shaped Porsche over the years.

“I have absolute respect for the courage of Elon Musk and also for his innovation and pioneering spirit. I like that. Pioneering spirit is a characteristic that also shapes us at Porsche. However, Tesla has taken a different approach in many places. When we set up a new Porsche, we always set the standard for ourselves: the Taycan has to drive like the 911,” Blume said.

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Having the Taycan drive like a 911 will all but ensure that the all-electric four-door will capture the attention of longtime car enthusiasts, perhaps even those who are not open to trying out Tesla’s electric vehicles. This, if any, will open the doors for even the staunchest EV skeptic to try out an all-electric car, thereby accelerating the shift towards sustainable transportation. Blume explained this in more detail.

“I was recently on our racetrack in Italy. And I’m still excited. We have the advantage in electric mobility that we have a lower center of gravity with the battery than the 911. That means the vehicle is even more saturated on the road. In addition, we regulate five times faster than a combustion engine, have no clutch and no cardan (drive) shaft. This, together with our chassis know-how, brings a huge advantage, especially in the driving dynamics in the bends. In addition, unlike other vehicles on the market, we have a gearbox that delivers even more thrust from 150 kilometers (93 mph) per hour,” the Porsche CEO said.

While the Taycan would be an interesting competitor to the Tesla Model S, the Silicon Valley-based electric car maker is reportedly preparing to unveil a refreshed version of the large sedan that has even more range and better performance. Rumors currently point to a range beyond 400 miles per charge, and up to three motors, and improved batteries. It would be quite interesting to see how the Porsche Taycan measures up to Tesla’s upcoming, improved flag-bearer.

The Porsche Taycan has seen a warm reception from the company’s enthusiasts. Since opening reservations for the vehicle, over 20,000 pre-orders have been received by the company. Blume did not reveal Porsche’s annual production estimates for the Taycan, though he did note that the vehicle will see an initial ramp of 10,000 units per year.

Porsche CEO lays bold claim about the Taycan, praises Elon Musk’s ‘courage’


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Tesla owner takes his Model X through deep mud and steep hills in off-road test


While the Tesla Model X is an excellent city car with its futuristic Falcon Wing Doors and its spaceship-like cabin, it turns out that the dual-motor all-electric SUV is actually pretty capable even in areas that are off the beaten path. As showcased in a recent video, the Model X does well in off-road paths, even when it’s equipped with stock tires.

Auto adventure-themed YouTube channel Out of Spec Motoring recently took out a Model X on an off-road course, which included deep mud, a series of steep hills, and sharp undulations. The vehicle was equipped with stock tires as well, though its ride height was set to its highest setting and its slip start function was enabled for the entire run.

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As could be seen in the video, the Model X deals with muddy trails impressively. In several points of the footage, the all-electric SUV’s instant torque could be seen playing an important role in keeping the vehicle planted on the slippery route. Its dual motor AWD setup also helped prevent the Model X from losing traction and getting stuck in areas where the mud was at least a few inches thick.

It should be noted that the Model X is not designed to be a serious off-roader. The vehicle is a very well-mannered car on the road, after all, and it’s known for providing an extremely comfortable ride for up to seven passengers. Nevertheless, watching a stock Model X traversing steep muddy hills, one cannot help but hope that Tesla would eventually release an off-road package for the vehicle. Some proper off-road tires, a higher ground clearance, a tow bar, and some dedicated off-road features would be very compelling.

The Model X’s off-roading feat in the recent video all but invokes excitement for Tesla’s upcoming pickup truck. Elon Musk has suggested that the upcoming vehicle will be capable of performing tasks comparable to a Ford F-150, which all but suggests that the pickup will have better off-road capabilities than the company’s current lineup of vehicles. With this in mind, it seems safe to assume that areas such as those traversed by the YouTube group’s stock Model X will be handled with ease by the Tesla Truck.

Watch a Tesla Model X tackle an off-road course in the video below.

Tesla owner takes his Model X through deep mud and steep hills in off-road test


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Tesla to host Investor Battery and Drivetrain Day in Q3 2019


Tesla will host an Investor Battery and Drivetrain Day in August or September this year, according to CEO Elon Musk during the 2019 Annual Shareholder Meeting. The announcement came during Musk’s answers to questions submitted and voted on prior to the meeting, specifically while responding to an inquiry about which aspects of battery production would be integrated with Maxwell Technologies.

“We think this is really quite strategic, but we’ll leave the details of this to a kind of a battery and powertrain investor day…[there are] some very important technologies there that will have a big effect on the cost and scaling of cell production, both reducing the cost and reducing capital required to scale production,” Musk replied.

Tesla confirmed last month that the company had completed the acquisition of Maxwell Technologies, Inc., a California-based company that specializes in ultracapacitors and batteries. The takeover was funded by transferring stocks worth over $235 million dollars and the move is poised to usher in new improvements in Tesla’s battery technology. Ultracapacitors are predicted to eventually be an alternative to today’s batteries, particularly as they have the potential to be safer and more reliable.

An “updated” photo of Gigafactory Europe, presented during Tesla’s 2019 Annual Shareholder Meeting. | Image: Tesla
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Overall, any battery-related answers during the livestreamed Shareholder Meeting were limited in details and deferred to the upcoming investor event.

“We have to scale battery production and match that to vehicle demand,” Musk commented in response to a question about Tesla’s battery needs surrounding the Model Y, Semi, Tesla Truck, and Roadster 2.0. “We don’t want to let the cat out of the bag too much, you know…it’s still in the bag,” he joked.

The Investor Battery and Powertrain Day event is expected to be similar to the Investor Autonomy Day held in April which provided in-depth information surrounding Tesla’s work on its Full Self-Driving computer and progress towards its autonomous driving goals. While physical attendance was limited, a public livestream was made available. The event lasted over three hours and was full of highly technical details about the hardware and software developed in-house for Tesla’s vehicles.

The Shareholder Meeting revealed a few other details about the company’s progress on other projects in the works as well.

Tesla’s Blade Runner-inspired pickup truck will be revealed this summer, according to Musk. The CEO also recently announced that its starting price would be under $50,000 and would be as more capable than a Ford F-150 in terms of functionality and better than a Porsche 911 in terms of sports car attributes. “It’s going to be a truck that’s more capable than other trucks,” Musk explained previously. Those goals were reiterated during the meeting without providing further details.

The location of Gigafactory Europe is also still in the works. In the Shareholder presentation, a photo of empty, dirt and grass-only fields was humorously presented as an updated view of the project. “As you can see, we’ve made great progress here,” Musk joked. The caption under the photo read “Active search for a European location”, and it was clarified that the image was not actually representative of a real location for the Gigafactory.

A decision on the final place for Gigafactory Europe will hopefully be decided this year, according to Musk, with the overall goal being to have a Gigafactory on every continent.

Tesla to host Investor Battery and Drivetrain Day in Q3 2019


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Tesla pickup truck will have better performance than a Porsche 911, says Elon Musk


Elon Musk discussed several aspects of the upcoming Tesla Pickup Truck during the recently-held 2019 Annual Shareholder Meeting. During the event, Musk talked about the vehicle’s release date, its design, its towing capacity, and its performance, which the CEO noted would be comparable or even better than a base Porsche 911.

Musk noted that the pickup truck would likely see an unveiling near the end of summer 2019, which is in line with his previous forecasts for the vehicle. The CEO also stated that the Tesla Truck is one of the coolest vehicles he has ever seen, pointing out that it won’t be a conventional-looking pickup that just happens to be electric. “We know what that looks like,” Musk noted, seemingly referencing the Rivian R1T, which features a conventional pickup truck design in an all-electric package.

The Tesla Truck remains to be dubbed by Elon Musk as a “cyberpunk” vehicle, which all but confirms that it will be loaded to the teeth with tech. This means that the pickup will feature some trademark Tesla performance as well, which Musk confirmed in the event. Referring to the vehicle’s driving capabilities, the CEO stated that Tesla is designing the pickup truck in such a way that its performance will be better than a base Porsche 911.

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The Porsche 911 is an iconic vehicle, and using it as a benchmark for the driving performance of the Tesla Truck is a bold move by the electric car maker. The 911, after all, is famed for its capability to be driven spiritedly on long, twisting roads. The legendary German sports car is also known for its quick acceleration, with more conservative variants like the 2017 Porsche 911 Carrera (M/T) still being capable of sprinting from 0-60 mph in 4.0 seconds.

While Elon Musk has all but confirmed that the Tesla Truck would be an incredibly quick vehicle, the CEO also pointed out that the upcoming pickup would be capable of towing heavy loads. Responding to an investor who inquired if the Tesla Truck will be capable of towing a trailer loaded with horses, Musk noted that “If the (Ford) F-150 can tow it, the Tesla truck can do it.”

There is no denying that Tesla’s pickup truck would likely be a showstopper when it gets unveiled later this year. It should also be noted that Elon Musk, as optimistic as he is, is known to be conservative with the specs of Tesla’s vehicles. Musk might have a strong tendency to overestimate his target timetables, but he is never one to exaggerate his vehicles’ capabilities. With this in mind, the Tesla community could be assured that the pickup truck will indeed live up to its name as a “cyberpunk” vehicle that will not look out of place in the Blade Runner franchise.

For all its tech and capabilities, the Tesla Pickup Truck will start at $49,000, according to Elon Musk in an appearance at owner-enthusiast Ryan McCaffrey’s Ride the Lightning podcast. During the podcast, Musk mentioned that the base pickup would have a starting price of $49,000 at most, though Tesla is working on offering the vehicle at an even lower cost. “You should be able to buy a really great truck for $49k or less,” Musk said.

Tesla pickup truck will have better performance than a Porsche 911, says Elon Musk


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Rivian set to debut energy storage project using ‘second life’ batteries from vehicles


Rivian Automotive and the Honnold Foundation are working together in an initiative that is set to use the electric truck maker’s “second-life” batteries as stationary energy storage units in a microgrid project at Adjuntas, Puerto Rico. This marks a huge step for Rivian, which is planning on expanding its reach beyond the manufacture of all-electric luxury adventure vehicles.

Rivian will be utilizing 135 kWh battery packs from its development vehicles for the upcoming energy storage project, which is expected to launch in 2020. The company has designed its battery packs and modules in such a way that they can be easily transitioned from vehicle energy storage to stationary energy storage at the end of their vehicle life. The Rivian CEO described the concept in a press release.

“Second-life batteries are a big enabler to accelerating widespread adoption of renewable energy, and it’s exciting to envision this system contributing importantly to a community. This project allows us to model a customized energy storage solution that takes into account space constraints, disaster resiliency, and energy independence,” Scaringe said.

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Using older batteries for energy storage is a clever way for Rivian to recycle the cells it uses for its all-electric trucks. While batteries at the end of their vehicle life will likely show some wear compared to those used in new EVs, they could still function well as stationary energy storage units. After all, optimal batteries for electric trucks require a lot of power, but those energy storage units could make do with much less (propelling the R1T from 0-60 mph, for example, takes a lot of power, but turning on the lights in a household does not require as much).

Rivian and the Honnold Foundation selected Adjuntas, Puerto Rico as the site of their microgrid project partly due to the town being in need of help. Adjuntas was struck by Hurricane Maria in 2017, and the community has been struggling with power since. If successful, Rivian and Honnold’s microgrid initiative could help many of the businesses located near the town’s main square. Residents could also have backup power in the event that power shortages happen.

Further details of the project will be discussed by RJ Scaringe and elite climber Alex Honnold at Denver, CO on June 15 in a livestreamed event, which could be accessed here.

The full press release for Rivian and the Honnold Foundation’s upcoming microgrid project could be accessed below.

DENVER, June 13, 2019 /PRNewswire/ — On June 15, electric adventure vehicle maker Rivian is announcing a project to use its second-life batteries in a solar microgrid initiative with the Honnold Foundation. The goal: to support energy independence and adoption of renewable power generation. The project, in the town of Adjuntas, Puerto Rico, marks Rivian’s first steps in its broad plan to utilize second-life batteries for a wide variety of applications.

Rivian CEO RJ Scaringe and elite climber Alex Honnold will discuss the project in Denver, Colorado on June 15 at 6PM MT. The conversation will be moderated by endurance athlete and podcaster Rich Roll. The livestream can be found here: https://www.youtube.com/c/RivianOfficial/live

The company is using 135kWh battery packs from its development vehicles to support the project.

Rivian has designed its pack, module, and battery management system to seamlessly transition from vehicle energy storage to stationary energy storage at the end of their vehicle life. The battery module’s thin design enables second-life applications that are space-efficient and customizable, important for environments with existing infrastructure.

“Second-life batteries are a big enabler to accelerating widespread adoption of renewable energy, and it’s exciting to envision this system contributing importantly to a community. This project allows us to model a customized energy storage solution that takes into account space constraints, disaster resiliency and energy independence,” said Scaringe.

Adjuntas is a city of 20,000 in midwestern Puerto Rico. It was severely impacted by Hurricane Maria in 2017, and with climate change increasing the frequency and severity of storms, Adjuntas NGO Casa Pueblo has sought to collaborate on rugged, affordable sources of community power.

The Honnold Foundation and Rivian battery engineers visited Casa Pueblo earlier in 2019 to meet with community leaders and together are designing a site-specific system that will power many of the businesses located in the Adjuntas town square. In power loss scenarios, the downtown solar microgrid will allow Adjuntas residents access to electricity for core businesses. By offsetting day-to-day electric bills, the system also brings down high commercial energy costs, which in Puerto Rico are twice the national average.

The system is expected to launch in 2020.

Rivian set to debut energy storage project using ‘second life’ batteries from vehicles


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Tesla’s Elon Musk previews new racing games coming to cars at E3 convention


Elon Musk’s appearance at E3 Coliseum 2019 featured a number of teasers for upcoming games on Tesla’s electric cars. Joined onstage by legendary video game designer Todd Howard, Musk showcased previews of titles such as indie game Cuphead running on a Model 3, as well as the company’s new racing game, Beach Buggy Racing 2: Tesla Edition, which Musk noted will support single and two-player gameplay.

Musk proved comfortable as he discussed his love for gaming, which he credits for his interest in technology and programming. Quoting some irony, Musk recalled that he actually worked at a gaming startup called “Rocket Science” in the past, which, in hindsight, seems to be foreshadowing for his eventual private space firm, SpaceX. Games remain a notable part of Musk, nonetheless, as he noted that many of Tesla and SpaceX’s best software engineers today are passionate about gaming.

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While discussing his love for the Fallout series, Musk and Howard noted that they are working together to create a pretty cool in-car game based on the franchise. Howard quipped that the game is Fallout Shelter, a free-to-play simulation title where players are tasked to manage a vault, which are shelters populated by dwellers. “We’re working on Fallout Shelter on the cars. It will be free. You’ll have your little dwellers on the screen (of the car),” Howard said.

Musk followed up Howard’s announcement by previewing a couple of games that are coming to Tesla’s electric cars. One of these is Cuphead, a popular indie title that was initially mentioned in Musk’s appearance at Tesla owner-enthusiast Ryan McCaffrey’s Ride the Lightning podcast. The other, which was unveiled for the first time today, was Tesla’s new racing game, which will take the place of Pole Position, the company’s previous racing title. Called Beach Buggy Racing 2: Tesla Edition, the new game features 3D graphics and multiplayer support, which would make the title even more fun.

Similar to Mars Madness, Beach Buggy Racing 2: Tesla Edition players could use their vehicles’ steering wheel as their controller for the game. “If you have a racing game, and you have a steering wheel… Well, it’s just sitting there,” Musk joked, while discussing the game’s controls. The CEO also noted that braking in the new racing game would utilize the vehicle’s actual brakes, though it will not use the accelerator pedal, just in case players get a little bit too excited when the racing game gets intense.

Watch Elon Musk’s appearance at the E3 Coliseum 2019 in the video below.  

Tesla’s Elon Musk previews new racing games coming to cars at E3 convention


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Tesla’s spare parts supply is reportedly nearing parity with German automakers


A firsthand account from a Tesla-certified body shop has suggested that the electric car maker recently adopted optimizations to its spare parts ordering and supply systems. These improvements have reportedly become significant enough to the point where Tesla is starting to close in on German automakers when it comes to the turnaround times of its parts ordering and receiving processes.

The new insights on Tesla’s parts supply were recently shared on the r/TeslaMotors subreddit by u/andoman66, who works for European Collision Center, a recently-certified body shop at the San Francisco Bay Area known for servicing German-made automobiles. Prior to the shop’s certification, the Tesla community member noted that the electric car maker’s parts ordering and receiving process were less than stellar. At times, for example, the shop ended up hand-delivering orders and manually picking up the parts from Tesla, resulting in long turnaround times for repairs.

These processes have been greatly improved recently. According to the body shop employee, Tesla has rolled out a wholesale ordering system that allows parts to get drop-shipped at a comparable turnaround time as premier German automakers. While Tesla’s current parts delivery times are still longer than those of its Japanese counterparts, the electric car maker’s efficiency has reportedly reached parity with Porsche and Audi, and is steadily catching up to Mercedes-Benz.

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Apart from the welcome updates on the company’s parts and delivery processes, the electric car maker reportedly requires collision repair facilities to offer labor discounts to Tesla owners as part of the shop’s certification. This, according to the body shop employee, is something that is quite unique to Tesla. Together with a more efficient supply system, these processes would likely make the repair experience of Tesla owners more manageable than before.

Elon Musk has personally pledged to address Tesla’s service and repair challenges, even stating that the company is aiming to eventually achieve 24-hour turnaround times for vehicle repairs. Tesla has also introduced recent firmware updates focused on optimizing its electric cars’ repair process. Just last month, for example, Tesla rolled out an update that allowed vehicles to proactively order and pre-ship replacement parts. With such a system in place, Tesla owners could simply use their mobile app or their Tesla account to schedule a service visit.

With the company’s fleet of vehicles rapidly growing due to the arrival of the Model 3, Tesla has also begun an expansion of its service capacity. During the Q4 2018 earnings call, for example, Elon Musk noted that the company is looking to double its service capacity this 2019. The electric car maker is also aiming to expand its mobile service fleet, which Musk states is already capable of addressing around 80% of repairs needed for Tesla’s electric cars. Currently, Tesla is utilizing vans and modified Model S as its mobile service units, though recent reports are pointing to the company also using the Model X for bigger repair tasks.

H/T to u/andoman66 of the r/TeslaMotors subreddit.

Tesla’s spare parts supply is reportedly nearing parity with German automakers


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Tesla (TSLA) 2019 Annual Shareholder Meeting: Live blog


Tesla’s (NASDAQ:TSLA) 2019 annual shareholder meeting comes at a rather historic time for the electric car maker. The past year has proven to be a roller coaster of sorts for Tesla’s investors, with TSLA stock rising as high as $387.46 per share and falling to as low as $176.99 per share. At the center of these wild swings is the Tesla Model 3, which is currently in its international rollout.

The past month was a challenging time for Tesla’s investors. Following the company’s lower-than-expected delivery and production figures in the first quarter, Tesla was hit by a perfect storm that included multiple negative analyst forecasts, pessimistic narratives from the media, and allegations that the demand for the company’s vehicles is waning. These concerns have largely been dispelled in recent weeks, as signs have emerged that Tesla, and particularly the Model 3, might be poised to pleasantly surprise this second quarter.

For the annual shareholder meeting, Elon Musk and Tesla’s executives are expected to address questions from retail investors that could range from the company’s current projects such as the Model 3 ramp to its future endeavors such as the Tesla Pickup Truck. Questions aggregated by investor communication platform Say also point to inquiries about Tesla’s rationale behind the Maxwell acquisition, as well as the company’s plans for its insurance service, among others.

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The following are live updates from Tesla’s 2019 annual shareholder meeting. Fellow Teslarati reporter Dacia Ferris and I will be updating this article in real-time, so please keep refreshing the page to view the latest updates on this story.

Dacia 16:15 PT: That’s a wrap! We need a post-Elon presentation meme team. Who’s game? 😉

Simon 16:15 PT: And that’s the 2019 Annual Shareholder Meeting! Elon, JB, and Drew get a standing ovation from the audience. How often does that happen in a shareholder meeting?

Dacia 16:14 PT: Will Tesla build an aquatic car? a shareholder asks. “It’s funny you mention that…,” Elon begins, citing a submarine car design he has. “I think the market for this will be small.”

Dacia 16:12 PT: Elon debates the merits and deficiencies of advertising and educational campaigns…would it draw more attention to issues than is merited? He likes the idea of film challenges.

Simon 16:10 PT: On a question about advertising, Elon notes that such strategies are not necessary right now, especially since Tesla sells all the cars that it can produce. Elon also expresses his reservations about advertising, particularly the level of trickery that goes with it. “We could have advertising for information to refute the misinformation,” Elon says. 

Simon 16:09 PT: Responding to a question from PETA about leather being used for the steering wheels of Tesla’s electric cars, Elon notes that the Model Y, and the Model 3 will be vegan. 

Simon 16:06 PT: Elon, JB, the board, and the company get a vote of support for Tesla from an investor in India. Elon raises his fist in a show of appreciation. Epic. 

Dacia 16:05 PT: “What do you ask a team that has put a Roadster in freaking space?” a shareholder and fan of Elon exclaims in lieu of a question. He also laments Nikola Tesla’s lack of funding to pursue his experiments.

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Dacia 15:59 PT: “I love horses,” Elon clarifies, ducking on a question about the specific Tesla truck towing capacity. “If the F-150 can tow it, the Tesla truck can do it.”

Simon 15:58 PT: Elon also recognizes the shift of other companies to renewable transportation. This relates to carmakers such as Porsche, which as abandoned diesel in favor of electric and electrified vehicles.  

Dacia 15:57 PT: Awww… JB and Elon are reminiscing about the veeery early days of the company. Elon reminds us that he totally thought they’d fail. (10% chance of success)

Simon 15:54 PT: JB notes that while electric cars are prevalent now, there is still a lot of work to be done. “We can’t pat ourselves in the back yet,” JB notes. 

Dacia 15:52 PT: “Incredibly, there have been a lot of negative articles (about Tesla) in Bloomberg,” Elon observes in response to a shareholder’s concern about the myths and disinformation spread about Tesla. Elon seems to consider a mythbusting site to battle all the negativity.

Simon 15:51 PT: A shareholder suggests connecting with media titans to curb the negative narrative and misinformation surrounding Tesla. Elon takes this point very well. 

Dacia 15:49 PT: “Customer testimony and referrals are the key to our sales,” Elon says about the company’s success.

Dacia 15:48 PT: “If it was possible to have a 6th star, we’d have a 6th star,” Elon touts Tesla’s super high safety ratings. Huzzah!

Simon 15:47 PT: Shareholder question on what Tesla plans to do with the misinformation surrounding the company. Elon notes that the misconceptions are distressing, but even if Tesla provides explanations to mainstream media, these get buried in articles. Musk admits that he is at a little bit of a loss when it comes to changing the negative narrative about the company. Elon, Drew, and JB thank shareholders for being Tesla’s line of defense against the misinformation campaign. 

Dacia 15:46 PT: On Tesla fires…Elon points out how rare Tesla incidents are, especially compared to gasoline-powered cars. “Internal…combustion…engine…it’s in the name,” he jokes. “Would you rather have a gasoline powered phone or a battery powered phone?” He also points out how ridiculous the disinformation campaign has been about Tesla fires.

Dacia 15:40 PT: Shareholder question on China’s EV growth – 500,000 units per year from Gigafactory 3 seems a little low? Why was the target set at that? Elon says he thinks that long-term G3 will do more, that’s more of an interim goal. He sees more factories in other parts of China.

Dacia 15:32 PT: “This might make sense…we will probably do something like this,” Elon agrees that a mobile ride sharing service should be make available prior to the Tesla Network/robo taxi release.

Simon 15:32 PT: Supervised “Robotaxis” are a go, says Elon. 

Simon 15:30 PT: As for Starlink tech being used for Tesla’s electric cars, Elon states that the company will need to design an updated antenna for the vehicles. Musk also notes that Starlink is not really for high-density areas as much. Instead, it’s designed to provide connectivity to the poorly served areas of the globe.   

Dacia 15:28 PT: Elon says the Starlink antennae will be about the size of a small pizza. Like, are we talking Brooklyn style? What about pepperoni?

Simon 15:26 PT: Tesla insurance is coming soon, after a “small acquisition” is completed. Some software also needs to be written for the service. 

Dacia 15:26 PT: “I’m often too optimistic about time frames,” Elon admits, referring to a submitted question about Enhanced Summon. It was predicted to be coming ‘soon’ a few times already. “There’s a lot of complexity in parking lots, turns out.”

Simon 15:23 PT: As for Maxwell tech, Elon says Tesla will save that for a “battery and powertrain investor day.” Sign us up!

Dacia 15:24 PT: “We’re not sitting idly by…we’re making all the moves to be the masters of our own destinies,” Drew adds to the battery/scaling challenges.

Dacia 15:23 PT: “We might get into the mining busines…maybe a little bit,” Elon teases, referring to battery scaling – Tesla’s biggest challenge right now. “Battery cells and full self-driving. Those are the two things that are most important,” Elon summarizes.

Simon 15:20 PT: Elon discusses Tesla’s “Cyberpunk” pickup truck. He notes that it is arguably the coolest vehicle he has seen so far. Seems like it is certain at this point that the Tesla Truck will not look like a conventional pickup. 

Dacia 15:19 PT: “We’re removing a lot of repair in house,” Elon details, also citing service requests via the Tesla app.

Dacia 15:18 PT: “When you buy a car, you’re buying freedom. Freedom to travel,” Elon remarks, referring to all the inputs that go into Tesla ownership.

Simon 15:15 PT: Elon discusses the expansion of the Supercharger V3 network. “Superchargers and Service Centers are the key to sales,” says Elon, also mentioning Tesla’s financing offers. 

Dacia 15:13 PT: It’s all love for this Tesla leadership crew… nevermind Drew wasn’t introduced for a bit there. 🙂

Simon 15:11 PT: Can’t help but notice how relaxed Elon is today. Same thing with JB. They do, if any, exude confidence in today’s meeting. 

Simon 15:08 PT: Elon shares the idea of having a Gigafactory on every continent. He also notes that the Solar Roof is now on “version 3.”

Dacia 15:08 PT: Version 3 of the Solar Roof…Elon predicts cost being equal to a shingle roof plus electric utility bill. Cheaper roof, better economics… Elon has “banged the table” over making this happen. “It can be done!” Drew chimes in.

Dacia 15:07 PT: Musk jokes that Gigafactory 3 needs air traffic control due to all the drones flying over and taking update pics. (we are guilty of indulging)

Simon 15:05 PT: JB and Elon express their thanks to everyone who helped create Gigafactory 1.

Dacia 15:04 PT: Elon explains why Powerpoint presentations still win. 5 slides = Funding for Gigafactories to make more batteries than what’s in the world combined.

Simon 15:03 PT: Well look who we have here. JB Straubel’s in the house. There goes another bear thesis, I guess. JB also discusses the conceptualization and creation of Gigafactory 1.

Simon 15:02 PT: Model Y could have a lower drag coefficient than the Model 3. That is pretty darn impressive.

Simon 15:01 PT: “Clearly we’re headed towards electrification. Clearly, we’re heading towards autonomy,” Musk said, highlighting how Tesla’s vehicles are preferable purchases over gas cars.

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Dacia 15:00 PT: Buying any car besides a Tesla is like…”riding a horse and using a flip phone,” Elon says. Um, OK. Let’s roll with that visual. Memes…..go!

Dacia 14:58 PT: I can’t decide whether to refer to him as “Elon” or “Musk”…it really depends on what he says, no? Fart App = Elon, Tesla Network = Musk. ¯_(ツ)_/¯

Simon 14:58 PT: Musk reiterates his point about Tesla’s full self-driving technology. “It’s just mad to buy a fossil fuel car at this point,” he says.

Dacia 14:56 PT: Musk speaks to all the factors lowering the cost of ownership of a Tesla over gas-powered competitors. Also…it’s designed to have the most fun with gems like the fart app. (er, he means emissions testing)

Simon 14:55 PT: Elon also highlights the cheaper maintenance costs of electric cars. It’s kinda like an Accord, he says, only better. It also has “gems” like the Fart App, “which is my personal favorite,” Elon added.

Dacia 14:53 PT: “No electric car has exceeded the range that we came out with on the first Model S in 2012,” Musk says smiling…still struggling not to tease competitors.

Simon 14:53 PT: Elon also notes that there is no “demand problem.” There goes the death throes of that bear thesis.

Dacia 14:52 PT: “E-tron…there’s room for improvement,” Musk says. He also is trying(?) not to pick on the brand who’s had some troubles lately.

Simon 14:51 PT: Elon touts Tesla’s lead in efficiency. “I don’t want to pick on the (Audi) e-tron, but…” The audience, of course, gets it.

Dacia 14:50 PT: “It’s remarkable that an electric car is the highest revenue car in the country,” Elon touts, and rightly so.

Simon 14:49 PT: Elon states that while the past year has been challenging, there are a lot of good news about Tesla. Starting off, the “Model 3 is outselling all of its competitors in the US,” says Elon Musk. He also thanks the hard work of the Tesla team.

Simon 14:48 PT: Elon Musk takes the stage.

Dacia 14:46 PT: I’m allll about the fun part!

Simon 14:40 PT: And now the votation starts. For background on this, please refer to our article on the agenda for today’s meeting.

Dacia 14:37 PT: “You need to have a certain amount of intestinal fortitude as an investor…and you have that in spades,” Denholm says. That’s for darn sure.

Simon 14:35 PT: Tesla Chair Robyn Denholm takes the stage to address investors in her welcoming remarks. Teases Elon’s upcoming presentation.

Dacia 14:33 PT: Selfie time FTW!

Dacia 14:31 PT: Where’s the music video? Totally bumming.

Simon 14:30 PT: Should be starting anytime now.

Simon 14:24 PT: Now all we need to know is if the red Model Y is separate from the blue one. Pretty cool if Tesla has two working prototypes right now.

Dacia 14:20 PT: Twitterverse is saying that red Model Y is a functioning prototype. (h/t Ryan McCaffrey)

Simon 14:13 PT: It’s full house (courtesy of Tesla owner-investor Dennis Pascual). Just a bit over 15 minutes before it’s set to begin.

Simon 14:10 PT: Kinda wondering if that red Y is just a wrapped version of the blue prototype from the unveiling. Sure looks like a working model imo. But that OEM chrome delete though.

Simon 14:09 PT: Some sweet cars outside the meeting’s venue. Red Model Y is fire.

Dacia 14:05 PT: Woo! Tesla live blog time again! Red cars at the shareholder meeting for passion…or panic?? (dun dun dun! just pre-empting the FUD)

Tesla (TSLA) 2019 Annual Shareholder Meeting: Live blog


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var disqus_title = «Tesla (TSLA) 2019 Annual Shareholder Meeting: Live blog»;
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