• Tech News
    • Games
    • Pc & Laptop
    • Mobile Tech
    • Ar & Vr
    • Security
  • Startup
    • Fintech
  • Reviews
  • How To
What's Hot

Elementor #32036

January 24, 2025

The Redmi Note 13 is a bigger downgrade compared to the 5G model than you might think

April 18, 2024

Xiaomi Redmi Watch 4 is a budget smartwatch with a premium look and feel

April 16, 2024
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook Twitter Instagram Pinterest VKontakte
Behind The ScreenBehind The Screen
  • Tech News
    1. Games
    2. Pc & Laptop
    3. Mobile Tech
    4. Ar & Vr
    5. Security
    6. View All

    Bring Elden Ring to the table with the upcoming board game adaptation

    September 19, 2022

    ONI: Road to be the Mightiest Oni reveals its opening movie

    September 19, 2022

    GTA 6 images and footage allegedly leak

    September 19, 2022

    Wild west adventure Card Cowboy turns cards into weird and silly stories

    September 18, 2022

    7 Reasons Why You Should Study PHP Programming Language

    October 19, 2022

    Logitech MX Master 3S and MX Keys Combo for Business Gen 2 Review

    October 9, 2022

    Lenovo ThinkPad X1 Carbon Gen10 Review

    September 18, 2022

    Lenovo IdeaPad 5i Chromebook, 16-inch+120Hz

    September 3, 2022

    It’s 2023 and Spotify Still Can’t Say When AirPlay 2 Support Will Arrive

    April 4, 2023

    YouTube adds very convenient iPhone homescreen widgets

    October 15, 2022

    Google finishes iOS 16 Lock Screen widgets rollout w/ Maps

    October 14, 2022

    Is Apple actually turning iMessage into AIM or is this sketchy redesign rumor for laughs?

    October 14, 2022

    MeetKai launches AI-powered metaverse, starting with a billboard in Times Square

    August 10, 2022

    The DeanBeat: RP1 simulates putting 4,000 people together in a single metaverse plaza

    August 10, 2022

    Improving the customer experience with virtual and augmented reality

    August 10, 2022

    Why the metaverse won’t fall to Clubhouse’s fate

    August 10, 2022

    How Apple privacy changes have forced social media marketing to evolve

    October 16, 2022

    Microsoft Patch Tuesday October Fixed 85 Vulnerabilities – Latest Hacking News

    October 16, 2022

    Decentralization and KYC compliance: Critical concepts in sovereign policy

    October 15, 2022

    What Thoma Bravo’s latest acquisition reveals about identity management

    October 14, 2022

    What is a Service Robot? The vision of an intelligent service application is possible.

    November 7, 2022

    Tom Brady just chucked another Microsoft Surface tablet

    September 18, 2022

    The best AIO coolers for your PC in 2022

    September 18, 2022

    YC’s Michael Seibel clarifies some misconceptions about the accelerator • DailyTech

    September 18, 2022
  • Startup
    • Fintech
  • Reviews
  • How To
Behind The ScreenBehind The Screen
Home»Tech News»The 5 biggest takeaways from Tesla’s Cyber Roundup – DailyTech
Tech News

The 5 biggest takeaways from Tesla’s Cyber Roundup – DailyTech

August 5, 2022No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The 5 biggest takeaways from Tesla’s Cyber Roundup – TechCrunch
Share
Facebook Twitter LinkedIn Pinterest Email

Tesla held its annual shareholder meeting, which the company now refers to as its Cyber Roundup, Thursday at the Tesla Gigafactory Texas.

The Cyber Roundup comes just a couple of weeks after Tesla reported its Q2 earnings, which showed quarterly revenue declines caused by production challenges, even as the company grew year-over-year.

The agenda had 13 shareholder proposals, including one for a three-for-one stock split that appears to have helped push Tesla’s shares up 0.40%.

There were also several proposals geared toward getting Tesla to be more ethically responsible, particularly after a series of lawsuits that have accused the company of sexual, racial and gender harassment in the workplace.

Here are the five key takeaways from the event.

Share split approved

Tesla shareholders approved the three-for-one stock split, which will bring the company’s shares down to the $300 range. It’s not clear when that will take effect, though.

Tesla, ever savvy in how it uses Twitter to affect its stock price, initially tweeted out the news of the shareholder proposal on March 28. Between then and now, Tesla’s stock saw a 20% rally from June lows when the drama of Musk’s proposed Twitter buy was at its peak. Shares rose Thursday in after-hours trading, to $928.55.

Ethical improvements unlikely to pass

Shareholders have called for better reporting and transparency on reporting sexual, racial and gender harassment, as well as on Tesla’s lobbying activities and usage of child labor to mine for battery materials. They have also asked for more diversity on the board to reflect Tesla’s workforce.

See also  Twilio gets hacked, teens ditch Facebook, and SpaceX takes South Korea to the moon – DailyTech

While the votes are not yet in, preliminary results suggest Tesla shareholders have voted against all such proposals.

IRL trolling

The 2022 shareholder meeting, the first one in a couple of years at which hundreds of people were able to gather in person, took on a boisterous tone from the outset.

Investors in attendance shouted out encouragement and questions to Musk. They also took their roles as Tesla boosters to a new level. At one point, the crowd laughed at Laura Campos, director of corporate and political accountability at the Nathan Cummings Foundation, as she spoke about her proposal to improve Tesla’s lobbying disclosures, and applauded Tesla’s investor relations head Martin Viecha when he cut her off as her time expired. Sister Dorothy of Sisters of the Good Shepherd was treated with similar derision — the audience laughed and applauded when she ran out of time as she asked the company to improve its reporting on child labor in its cobalt supply chain.

Musk welcomed the cheers, applause and standing ovation, playing up to his biggest supporters — retail investors. He worked the crowd as he usually does, telling the audience that he loved them and they were the “best crowd,” exclaiming statements of grandeur and cracking jokes about his failed Twitter buy.

More gigafactories

Musk teased the idea for another gigafactory location to be chosen later this year. He also noted that Tesla will probably build “at least 10 or 12 gigafactories.” Back in 2017, Musk said that in the long term, the company would build between 10 and 20 gigafactories.

See also  Disrupt ransomware support networks to win the war

Demand continues to be high for Teslas, so it’s no wonder Musk wants to expand the automaker’s factory footprint. In the last few weeks, Tesla made its 3 millionth car, said Musk, reaffirming the company’s goal to hit a 2 million car run rate by the end of 2022.

Other takeaways

Musk reiterated his intention to rapidly grow Tesla’s advanced driver assistance system, full self-driving (FSD) beta.

“We’re now at over 40 million miles and I suspect by this year we’re gonna have well over 100 million miles,” said Musk. “And we’re still tracking very much to have widespread deployment of FSD beta this year in North America.”

Musk also promised some “cool stuff” on the Supercharger front, as Tesla prepares to begin allowing non-Tesla EVs to use its charging network.

In addition, Musk hinted that the Cybertruck specs and price will be different from what was first announced back in 2019 due to inflation, but didn’t provide any further specifics.



Source link

biggest Cyber DailyTech Roundup takeaways Teslas
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Don’t Count on Tesla’s Dojo Supercomputer to Jump-Start an AI Revolution

September 17, 2023

Tesla’s Supercharger Strategy Starts a Winning Streak

June 10, 2023

The Mystery Vehicle at the Heart of Tesla’s New Master Plan

March 3, 2023

The Biggest Problem For Today’s Entrepreneurs

February 21, 2023
Add A Comment

Comments are closed.

Editors Picks

Redfin CEO, DoorDash co-founder invest in new startup building portal for Mexico real estate – Startup

September 14, 2022

Publishers PQube accused of withholding money by a second studio

September 2, 2022

Gizmo, the cutest Gremlin, is MultiVersus’ next fighter

September 3, 2022

This free Calendly competitor is successful over freelancers

August 1, 2022

Subscribe to Updates

Get the latest news and Updates from Behind The Scene about Tech, Startup and more.

Top Post

Elementor #32036

The Redmi Note 13 is a bigger downgrade compared to the 5G model than you might think

Xiaomi Redmi Watch 4 is a budget smartwatch with a premium look and feel

Behind The Screen
Facebook Twitter Instagram Pinterest Vimeo YouTube
  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2025 behindthescreen.uk - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.