Speaking of wheels, Tesla said its long-delayed Cybertruck is coming later this year. If robots and cars go together oddly, Musk points out that robots work in factories and are sold for home use, and he calls cars wheeled robots. “It’s not even clear what an economy means at this point.” “I think we could go beyond a 1 to 1 ratio of robots to humans,” Musk said. Tesla showed a video of his humanoid Optimus but didn’t offer a live demonstration. There will also be robots – lots of them. Tesla will help create a sustainable energy economy with 240 terawatt hours of electricity storage and 30 TWh of renewable energy, which will require investments of $10 trillion, equivalent to 10% of the global economy, which Tesla says is a steal compared to that, which is costing the gas-chucking economy. In February, CEO Elon Musk tweeted that he would share his Master Plan 3, and he did just that. That didn’t happen – hence the disappointment. Speculation immediately began that Tesla would be revealing details on a new cheap car - maybe not Honda Civic cheap, but Accord-ish, say $30,000. 2, the company announced a day just for stock enthusiasts. Then, last year, rising interest rates rocked bloated stocks and Tesla fell 65%. The company held onto shareholder meetings and events centered around technology - like a Battery Day and an AI Day. In the decade leading up to 2021, most days felt like investor days for Tesla (Ticker: TSLA). A roar of applause right now is good, but a bang in the stock price is better. Companies do this to generate enthusiasm for their strategies and products. Investor days are not a must, like filing an annual report. That’s not how these things are supposed to work. On Wednesday evening, the company hosted a new investor day at its also new Texas Gigafactory. Tesla is acting “more like any other automaker,” Bespoke Investment Group wrote last week.
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