Heard at Tesla Motors' annual meeting


Tesla Motors (TSLA) CEO Elon Musk says he plans to stay on in his current role for at least another 4 or 5 years.

The existing Roadster will get an upgrade this year. A next-gen Roadster is further down the road.

Musk says it's "impossible" to say how the stock market will valuate Tesla - noting the manic-depressive nature of the beast. He still thinks Tesla is a good long-term investment.

What's after Gen-III? Musk says the company will take additional steps to shift the industry to electric. Trucks and lower-cost vehicles are possibilities.

Tesla annual meeting webcast

From other sites
Comments (23)
  • Doc's Trading
    , contributor
    Comments (1847) | Send Message
     
    TSLA...... Lower Buy stop on short recommendation at 210 from 215.15 to 210.85.
    more later.......
    3 Jun 2014, 03:31 PM Reply Like
  • Anton Wahlman
    , contributor
    Comments (4241) | Send Message
     
    I thought the most interesting comment was about the patents. Did anyone else pick up on this?
    3 Jun 2014, 03:34 PM Reply Like
  • pat1000
    , contributor
    Comments (496) | Send Message
     
    yes---guess he is a generous mood------
    3 Jun 2014, 05:18 PM Reply Like
  • chickensevil
    , contributor
    Comments (743) | Send Message
     
    Yeah, seems like he is leaning toward either releasing patents to others for cheap or free. Overall I think I am cool with that. As an investor and as someone who wants to see EV's take over the market.
    4 Jun 2014, 08:35 AM Reply Like
  • chipdoctor
    , contributor
    Comments (2663) | Send Message
     
    Lower Cost Vehicles = Nissan Leaf and Hybrids.
    3 Jun 2014, 04:17 PM Reply Like
  • joeinslw@gmail.com
    , contributor
    Comments (1072) | Send Message
     
    You guys shorting tsla never give up do ya?
    3 Jun 2014, 06:22 PM Reply Like
  • mvhs
    , contributor
    Comments (2) | Send Message
     
    "From freeway entrance to a freeway exit without touching any controls, within a year"

     

    Auto drive is on the way!
    3 Jun 2014, 04:56 PM Reply Like
  • Jim Whitehead
    , contributor
    Comments (15) | Send Message
     
    My guess, is that Elon Musk wants to create an Android like ecology of common standards, by freely licensing out some of Tesla's patents, so that major car companies can have interchangeable batteries and recharging stations.
    3 Jun 2014, 05:50 PM Reply Like
  • robcar07
    , contributor
    Comments (4) | Send Message
     
    I think it makes sense to release some patents about charging technology so that 1) more automakers will adopt the same standard, and 2) the charging equipment's cost may be lowered so that energy companies/independents can start building their own charging station business, depending on how profitable this business is(or how much government is willing speed on incentives).

     

    If that is the case, this couldn't have come at a better time with China's recent policy change that allows private capitals to invest in EV charging/swapping stations. I think the benefits outweighs the downside of making money off charging equipment, so this is a reasonable move.

     

    Personally I would prefer battery swapping replace charging in the future, which not only lower the charging time, but also has a lot of potential about lowering initial cost via creative financing options, eliminating concerns about battery failure/aging risk and more appealing to people without dedicated garage in the city.
    3 Jun 2014, 06:28 PM Reply Like
  • arondaniel
    , contributor
    Comments (1885) | Send Message
     
    I think they'll eventually do creative battery financing too. Buy the car, rent the battery.

     

    Customer wins: zero risk, lower purchase price.

     

    Tesla wins: information asymmetry -- tesla knows exactly how long these batteries will last and what their residual value will be, plus they'll rake it in on subscriptions.

     

    Probably won't happen until full GenIII production and worldwide backlog is burned off, ~2019.
    3 Jun 2014, 09:30 PM Reply Like
  • cparmerlee
    , contributor
    Comments (13986) | Send Message
     
    Robcar wrote "so that more automakers will adopt the same standard"

     

    If he doesn't do this, he will be the proud owner of the 2016 equivalent of the Beta Max or LaserDisk franchise. Musk isn't in any position to call any shots in the auto business or the battery business. Whatever leverage he might have had when the stock ran up to $260 is all gone now. Nissan is running away with the business, BMW is a formidable player, Mitsubishi and Volvo are coming strong and we haven't heard the full story from the likes of Toyota, VW and others, not to mention the capacity that China controls.

     

    It is a classic case of the first mover not ending up with the advantage.
    4 Jun 2014, 02:09 PM Reply Like
  • buildingyield4years
    , contributor
    Comments (324) | Send Message
     
    Ha. Classic cases, for sure
    5 Jun 2014, 12:31 AM Reply Like
  • buildingyield4years
    , contributor
    Comments (324) | Send Message
     
    Ha. Classic cases, for sure
    5 Jun 2014, 12:31 AM Reply Like
  • buildingyield4years
    , contributor
    Comments (324) | Send Message
     
    Ha. Classic cases, for sure
    5 Jun 2014, 12:31 AM Reply Like
  • surferbroadband
    , contributor
    Comments (5251) | Send Message
     
    "Musk says the company will take additional steps to shift the industry to electric. Trucks and lower-cost vehicles are possibilities."

     

    Advice to Elon. Truck are the largest selling vehicles in America. F-150 is no 1.

     

    Do a Model T just buy the trademark from Ford.
    3 Jun 2014, 10:43 PM Reply Like
  • Frank Greenhalgh
    , contributor
    Comments (4557) | Send Message
     
    Trucks would require much larger batteries. Fuel cells can supply truck power at lower cost. Today fuel cells run our submarines.
    4 Jun 2014, 07:06 AM Reply Like
  • chickensevil
    , contributor
    Comments (743) | Send Message
     
    Source? because as far as I know there is no current practical application of Fuel Cells anywhere...

     

    The submarines are all Nuclear as far as I know... anything prior to that was diesel (if any are still in commission).
    4 Jun 2014, 08:38 AM Reply Like
  • dogeared
    , contributor
    Comments (25) | Send Message
     
    Depends on ones understanding of "trucks". As has been pointed out, pickup trucks, etc are the largest selling vehicles in USA. The smaller ones that comprise most of the market weigh less than many comparable size cars and are often local use vehicles not touring vehicles. Thus, they would require a smaller battery than most MS currently have.
    4 Jun 2014, 02:50 PM Reply Like
  • Frank Greenhalgh
    , contributor
    Comments (4557) | Send Message
     
    That is the old submarines. New ones using fuel cells are now in.
    http://cnn.it/1iVAG59
    Fuel cells will power trucks and buses in the future no EVs.
    4 Jun 2014, 10:50 AM Reply Like
  • cparmerlee
    , contributor
    Comments (13986) | Send Message
     
    Frank wrote "Fuel cells will power trucks and buses in the future no EVs."

     

    Just a minor clarification -- a semantic one. These FCVs will be "EVs". That is to say the drive train will be essentially what we see in today's EVs. However, the battery packs only need to be good for a few miles because the FC can continuously recharge them.

     

    Pure EVs are ridiculous and will never make economic sense across the broad spectrum of the transportation industry. They will have an economic niche at the low end of the personal vehicle market and at the small, local delivery end of the trucking market. Above that level, you need an energy source that is more compact, longer range, and faster reload. Fuel Cells meet all of those requirements already except for the economics. But it isn't like the Li-Ion economics work either. Toyota seems convinced they can get those economics to work. I would not bet against Toyota engineers.
    4 Jun 2014, 02:23 PM Reply Like
  • Frank Greenhalgh
    , contributor
    Comments (4557) | Send Message
     
    More http://bit.ly/1hz0A3R
    4 Jun 2014, 11:19 AM Reply Like
  • Frank Greenhalgh
    , contributor
    Comments (4557) | Send Message
     
    Fuel cell trucks
    http://bit.ly/1iWGMlG
    4 Jun 2014, 12:50 PM Reply Like
  • cparmerlee
    , contributor
    Comments (13986) | Send Message
     
    Frank wrote "Fuel cell trucks"
    That Volvo is interesting. They say the tanks give them refill time of 4-7 minutes for 200 miles. That's probably not quite good enough for America's OTR truckers, but it is a good first step. I think LNG can do about 300 miles with a Cummins-Westport engine, so they aren't off by too much. I think truckers would like to drive 6-8 hours between refueling, which would be about 400 miles.

     

    There are a lot of situations where a 200 mile range is perfect (regional routes where they return to base every day)
    4 Jun 2014, 02:30 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs