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2016 Share Holder Meeting

2016 Share Holder Meeting

With the annual shareholder meeting going on, figured it was a good thread to talk through some of the comments raised. I'll try to enter some things I find important, but feel free to add with your notes as well.

Hi_Tech | 2016年5月31日

Starting off with lots of history and their thoughts... Love everything Elon and JB have done, but please stop being so self-degrading when looking back to the beginning. :)

Hi_Tech | 2016年5月31日

"The only two American car companies that haven't gone bankrupt are Ford and Tesla."

Mike83 | 2016年5月31日

Candle light vigil for the EV1.

Hi_Tech | 2016年5月31日

Interesting stuff for geeks like me, but I think these two guys are going to have sore legs by the time they are done here.
Side note, Elon should let JB talk a bit more (no offense brother). Too many "um" and "like". :-)

Mike83 | 2016年5月31日

Analog to digital story is fascinating.

Hi_Tech | 2016年5月31日

"company built on two false premises" - that was interesting

Hi_Tech | 2016年5月31日

Problems with the original gears and motors forced them to reinvent a motor internally.

Hi_Tech | 2016年5月31日

hahahaha... Interesting "shout-outs"!
Everything from Tesla band, to TZero, to "Tesla Death Watch"!

Mike83 | 2016年5月31日

Everything redesigned from AC propulsion vehicle. Media not friendly to Tesla but they persevered.

Hi_Tech | 2016年5月31日

Major supplier issues during the beginning years of Roadsters.

Mike83 | 2016年5月31日

They had to make battery packs indoors; no outsourcing which was not working.

Hi_Tech | 2016年5月31日

BBQ mfg company in Thailand making their battery packs! (did I hear that right?)

Mike83 | 2016年5月31日

UK and Thailand, then San Carlos.

Hi_Tech | 2016年5月31日

6 month supply chain... before they realized all of parts coming in have problems.
Led to designing products and then learning how to build them internally.

Mike83 | 2016年5月31日

First Tesla store in Santa Monica blvd. Make buying a car fun and look forward to coming back to the store.

Hi_Tech | 2016年5月31日

1st Retail store in 2008, was controversial. Original business plan had them going with the same auto-dealership process, but Elon was adamant on making the buying process better.
As a Model S owner, I definitely appreciate it! Thank you guys!

Mike83 | 2016年5月31日

Cool how Franz von Holzhausen came to Tesla.

Mike83 | 2016年5月31日

Daimler helped Tesla survive not the government loan after it survived. Tesla got much less government LOAN money than other car companies and paid it back with interest. The government loan helped accelerate the development but was not needed for survival.
Glad to see EM put the record straight.

Hi_Tech | 2016年5月31日

IPO and Toyota partnership comments

Mike83 | 2016年5月31日

Getting the Fremont factory is quite a story.

Hi_Tech | 2016年5月31日

Love the demo/engineering "tap-dancing" stories during first-ride events

Mike83 | 2016年5月31日

First Model S owners had no idea of the future Supercharger network but made the car capable of direct DC.

Harris Ranch the first SC.

Hi_Tech | 2016年5月31日

2012: Superchargers - They were hoping there would be another company that meets this challenge, but no one did. So they had to build these super chargers for driving freedom.

EM - "Interns are great, because they don't know what's impossible!" - Love that comment!!!

Mike83 | 2016年5月31日

To pay off the DOE loan early was done in 2013.

Hi_Tech | 2016年5月31日

2013: DOE Loan payback and getting the Motor Trend's Car of the Year award!

Mike83 | 2016年5月31日

Scale up was every hand on deck.

Hi_Tech | 2016年5月31日

Thanking the production team for making possible what many people in the industry thought was impossible - getting to the mass production (20k/yr) of a car that which they were building most of the parts (from far smaller numbers before and using suppliers for many of the parts).

Mike83 | 2016年5月31日

Gigafactory. 500,000 cars requires 35 Gwh. Reinventing battery building.

Hi_Tech | 2016年5月31日

(2 hours in Elon is getting sore... stretching back and neck... that's what happens when we get us engineers on the stage for too long) hehehe....

Mike83 | 2016年5月31日

Exercising on a stationary bike would be helpful.
Triple the volume. Wow.

Hi_Tech | 2016年5月31日

GF - plan was to have 35gwh for 500k cars, plus get another 15gwh for thee storage.

The land and layout allows for possible 3 times the overall original design if they want, which doesn't mean they plan on it.

GF layout was sort of designed like a diamond and aligned to true north. (interesting)

GF has been open for a while, but will throw a part in July

Hi_Tech | 2016年5月31日

Some jokes about twitting "taking out the D" before the dual-motors announcement.

Some intro video for the Tesla Battery Pack.

Hi_Tech | 2016年5月31日

(wife calling me down for dinner... but I don't want to miss the 2016 - future parts of this presentation... decisions, decisions"

Mike83 | 2016年5月31日

Sustainable Energy problem solved with Solar, wind, and PowerWall and Powerpacs. They are making them and selling them. Hawaii Energy setup is cheaper than fossil fuels.
Looks like 50/50 EV and storage production.

Mike83 | 2016年5月31日

Eating as I type. Can't miss a second.

Hi_Tech | 2016年5月31日

@Mike83 - Thanks brother for the great input here!

Hi_Tech | 2016年5月31日

Model X - talking through his "hubris issues"...
EM: "I think we are almost there in making the doors useful". It's a software problem to cover all of the different challenges.

Mike83 | 2016年5月31日

Thanks for starting this. Hi_Tech
MX was a software issue but solved for the complicated sensors in the falcon wing doors.

Hi_Tech | 2016年5月31日

Model 3 launch - (hoping for some news from here forward)

Hi_Tech | 2016年5月31日

"For the people that are wondering if they should by the S or the 3... Model S and the X will always be the technology leader... for those that buy the Model S and X should know they are buying the most advanced cars, and the technology will make itself to the Model 3"

Hi_Tech | 2016年5月31日

EM setting straight the "Tesla is alive because of government money" false message straight.

Hi_Tech | 2016年5月31日

(for the CEO of the most advanced company in the world, he is having some presentation remote issues. whoops)

Mike83 | 2016年5月31日

Articles about Tesla finances are wrong.

Mike83 | 2016年5月31日

GF $2billion from Tesla and partners and only $20million from Nevada. TINY TINY.

Hi_Tech | 2016年5月31日

Finances: Tesla and Panasonic have put in over $2billion, while they have received about $20m from the state of Nevada.

Hi_Tech | 2016年5月31日

EM: "Nevada is very familiar with The House"... references the blog he wrote: "the house always wins"

carlk | 2016年5月31日

Thanks for taking notes @Hi_Tech and @Mike83.

Mike83 | 2016年5月31日

Ramp up seems to be very possible.

Hi_Tech | 2016年5月31日

Tesla Fleet -
(para-phrasing) - How do we go to half million cars a year? ... we've done far bigger leaps in the past... including complicated learning technology ramp in the past.
Tight loop between manufacturing and design... cool features are nice, but we'll table that to version 2 or 3...
Expecting to keep improving the products all the time.

Hi_Tech | 2016年5月31日

Future -
Repeating a consistent message/phrase used: "challenge is to make the machine that makes the machines"

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