Summary
– Tesla’s upcoming Cybercab was teased in a video on X
– Tesla will hold its 2024 Annual Stockholders Meeting on June 13 at 3:30 PM CT
– Shareholders will vote on Proposals Three and Four, including redomestication to Texas and approval of Elon Musk’s 2018 Performance Award package
– Tesla executives are discussing future lineup plans and plan to speed up the release of new models, with production expected to start by the end of 2024 or early 2025
– Elon Musk announced the unveiling of Tesla’s Robotaxi vehicle in August, following reports of scrapping plans for a $25,000 electric vehicle and accelerating new model launches
Article
Tesla recently teased the upcoming Cybercab in a video posted on X, highlighting some key proposals that shareholders will be voting on during the upcoming Annual Stockholders Meeting on June 13, 2024. The two proposals, Proposal Three and Four, focus on redomesticating the company from Delaware to Texas and approving Elon Musk’s 2018 Performance Award package 100%, respectively.
The video included visuals of Tesla’s past work and hinted at projects the company is currently working on, such as the Cybercab. It showed the potential interior of the Cybercab, featuring two passenger seats, an infotainment system between the front seats, and no steering wheel. Additionally, the video revealed the potential cabin structure of the Cybercab, indicating that it will be built for two passengers with plenty of storage at the back.
Elon Musk announced that Tesla will unveil its Robotaxi vehicle in August, following reports that the company would be scrapping plans to release a $25,000 electric vehicle. Musk shared during the first-quarter earnings call that Tesla has decided to accelerate the release of its next-generation vehicles, with production expected to begin by the end of 2024 or early 2025. These new vehicles, including more affordable models, will utilize aspects of both the next-generation platform and the current platforms.
The company is making efforts to speed up the release of its new models, with production expected to start earlier than initially planned. The new vehicles will incorporate aspects of the next-generation platform along with the current platforms, enabling Tesla to produce them on the same manufacturing lines as their current vehicle lineup. This strategic move will allow Tesla to introduce more affordable models and expand its product offerings to meet the growing demand for electric vehicles.
For any tips or inquiries, contact Maria at maria@teslarati.com or through X @Writer_01001101. Tesla’s continued innovation and commitment to expanding its product lineup, including the upcoming Cybercab and Robotaxi vehicle, demonstrate the company’s dedication to providing cutting-edge electric vehicles that meet the needs of consumers. Shareholders are encouraged to vote on the proposed initiatives during the Annual Stockholders Meeting to support Tesla’s growth and future success in the electric vehicle market.
Read the full article here
