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Tesla Motors Announces 2013 Annual Stockholder Meeting
- Thread starter gg_got_a_tesla
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bonnie
I play a nice person on twitter.
huntjo
Member
Norbert
TSLA will win
Benz
Active Member
Will there be some kind of a LIVE-STREAM for people who cannot be present at this annual meeting?
Also for people from Europe?
Also for people from Europe?
Benz
Active Member
This thread is about the annual stockholder meeting in June.
And the earnings call of Q1 2013 is in May.
These are two different events.
Therefore I shall repeat my question:
Will there be some kind of a LIVE-STREAM for people who cannot be present at this annual meeting?
Also for people from Europe?
And the earnings call of Q1 2013 is in May.
These are two different events.
Therefore I shall repeat my question:
Will there be some kind of a LIVE-STREAM for people who cannot be present at this annual meeting?
Also for people from Europe?
EarlyAdopter
Active Member
They live streamed and had a recording up for a while for last year's shareholder meeting. Here's the link:
Tesla Motors Announces 2012 Annual Shareholder Meeting (NASDAQ:TSLA)
(unfortunately the link to the recording is dead now, but it was there for at least a month - I know because I bought my first shares then after watching it)
I assume they'll do the same this time.
Tesla Motors Announces 2012 Annual Shareholder Meeting (NASDAQ:TSLA)
(unfortunately the link to the recording is dead now, but it was there for at least a month - I know because I bought my first shares then after watching it)
I assume they'll do the same this time.
Annual Shareholder's Meeting Speculation
With the annual meeting just two weeks away, I was wondering what some of your thoughts are for what we might see there? I think that with the conference call last week so focused on the S and current production and manufacturing efficiencies, margins etc, I am really hoping for some more forward looking information. It would be great to get more up to date info on the state of the Model X. Even better would be to get a glimpse of a Gen 3 prototype or even a model, along with an updated timeline of both of those projects. Heck even maybe a concept sketch of a proposed future Tesla pickup truck or new roadster. Now that Tesla is flush with cash, I would love to see some R&D updates.
Thanks,
Wayne
With the annual meeting just two weeks away, I was wondering what some of your thoughts are for what we might see there? I think that with the conference call last week so focused on the S and current production and manufacturing efficiencies, margins etc, I am really hoping for some more forward looking information. It would be great to get more up to date info on the state of the Model X. Even better would be to get a glimpse of a Gen 3 prototype or even a model, along with an updated timeline of both of those projects. Heck even maybe a concept sketch of a proposed future Tesla pickup truck or new roadster. Now that Tesla is flush with cash, I would love to see some R&D updates.
Thanks,
Wayne
RoyP
Member
bonnie
I play a nice person on twitter.
I'll likely be there, but only because I have other stuff going on in the area that day. I'm not expecting anything exciting, other than seeing people I know. And a parking lot full of Tesla product!
I was planning of flying up for the stockholders meeting but it looks like it will be webcast. Here's the email reply I received from IR:
"15 minutes of legal stuff, 20 minutes Elon presentation, 20 minutes Q&A
We will also webcast it at www.teslamotors.com but you won't be able to ask questions on the webcast."
"15 minutes of legal stuff, 20 minutes Elon presentation, 20 minutes Q&A
We will also webcast it at www.teslamotors.com but you won't be able to ask questions on the webcast."
It's that fifteen minutes of legal stuff DaveT just referred to that is what matters whether you were a stockholder of record as of that April 10 date referred to in the official announcement.
And if you were....YOU are thereupon entitled to vote whether you approve of maintaining Deloitte Touch (or KPMG, or....) as the firm's accountants, and....
do as Robert's going to, and head to the dentist.
And if you were....YOU are thereupon entitled to vote whether you approve of maintaining Deloitte Touch (or KPMG, or....) as the firm's accountants, and....
do as Robert's going to, and head to the dentist.
Benz
Active Member
Yep, webcast just announced:
You are cordially invited to join the 2013 annual meeting of stockholders of Tesla Motors scheduled for Tuesday, June 4, 2013, at 3:00 p.m., PDT, via the Internet at [url]www.teslamotors.com/2013shareholdermeeting[/URL] or in person at the Computer History Museum, 1401 North Shoreline Boulevard, Mountain View, California 94043.
I think there is no doubt he will. There was numerous references to much greater than expected demand from Elon lately, but market does not seem to take notice. I am sure he is aware of the fundamental rules for making presentations:
1. Tell them what you are about to tell them
2. Tell them what you wanted to tell them
3. Tell them what you just told them.
I believe he will drive this point about high demand home.
Recent statements from Elon on the subject:
1. Shareholders letter: US demand exceeding 15K, 30K worldwide (presumably in 2013)
2. Q1 call - at about 18 min Elon said:
"And I think there's a potential for next year, a fairly significant increase in volume as we really test the depth of the demand that's out there. I think it's probably quite a bit higher than what we had originally thought. But like I said, we don't want to just ramp volume and if it's not, how it's taken care of gross margin or have that service and just dumping products on the market. I don’t think that sort of the line is course of action. But we’ll still exceed I think what most people are expecting us to do. "
3. CNBC 5/31/2013 interview: Elon Musk: Self-Driving Cars, Hyperloops and a Cheaper Tesla
Elon indicated that current rate of NA reservations is exceeding 20K, mentioned that extrapolation means at least 50K demand worldwide; says "demand is going to exceed our production capability for several years to come"
My conclusions:
- Since they have indications of the sustainable 50K/year Model S demand Tesla is going to double production to two shifts, 500 cars a shift as soon as they will hit internal goal of 25% margin, probably by the end of summer.
- my interpretation of demand exceeding capability for several years is that Tesla expects to max-out 100K design capability of the Model S /X line and possibly are entertaining their options in this regard, including building the second line
- 50K cars/year (2014), assuming 25% margin without ZEV and GHG credits, $85K ASP, 20% effective tax rate, $500M R&D and SGA expenses, 40P/E, result in market capitalization = $18B, or 68% higher than current market capitalization of $10.7B
The question is what additional information regading the planned ramp-up in production Elon will decide to share with the shareholders meeting crowd.
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