Tesla Talks Robotaxi Details, Hardware 5.0 and More - Complete Shareholder Meeting Recap and Notes

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Did you miss the Shareholder Meeting? Want to know what Elon Musk said?

We’ve got an easy-to-read recap for you below, split by sections. We’ll be writing more in-depth about many of these topics over the upcoming days as we unpack all the awesome news!

Robotaxi

• Fleet monetization planning is ongoing.

• Owners will be able to send their cars to the Robotaxi fleet and summon them back when they need them.

• Tesla will take a margin, but most of the income will go to owners.

• Tesla has plans to solve driverless interventions in the future, but expects them to be edge cases of edge cases.

FSD

• Headed towards Unsupervised FSD!

• New subversions are essentially new full versions; 12.4 and 12.5 are massive updates.

• Expect a 2-5x increase in performance between versions.

• Major versions will include a 2-week free trial.

• 10 thousand miles between interventions for some internal builds.

• Hardware 4 training will begin later this year, Hardware 3 will continue to be developed.

• Hardware 5 is 18 months from retail release.

Optimus

• Optimus will be able to do many simple and difficult tasks:

  • Teaching

  • Companionship

  • Babysitting

  • Factory Work

• Tesla expects 2 humanoid robots per person in the future.

• Tesla expects 1000-2000 robots working in its factories by next year, with a limited production run.

• 22 degrees of freedom in the next generation hand, one new major hardware revision coming this year.

Cybertruck

• China and Europe-compliant Cybertruck coming after production is scaled and costs are reduced.

• Foundation series ending soon, non-foundation series starting next quarter.

Semi

• Semi is in low-volume production, high-volume production starting soon.

• Companies are actively choosing Semi due to economic advantages.

• Massive potential impact on carbon emissions

• Big impact on the profitability.

Other New Products

• New products are coming soon, and Tesla is working hard on them.

• Possible 12-passenger van, added to the “To-do” list.

Supercharger

• 58K global sites, and continuing to grow.

• More superchargers deployed this year than the rest of the industry combined.

• Tesla is providing adapters to other car companies and providing them with support for Supercharger access.

• Tesla is moving to fill gaps and relieve congestion where possible.

Battery Production and Stationary Storage

• New 4680 innovations, best cell from a manufacturing and efficiency standpoint.

• 4680 will be a continuing focus to improve over time.

• Tesla has made their battery supply chain stronger and is working on further vertical integration.

• 2023 had 15GWh of Megapack production, 2024 is looking closer to 40GWh.

• 100-200% growth rate in the energy storage market.

• Tesla is constrained by Megapack and Powerwall 3 production, can’t keep up with demand, even as they scale rapidly.

AI and Compute

• AI growth is on a weekly basis, with Tesla taking in video and training on decision-making faster than ever.

• Tesla is not compute-limited for FSD, but scenario-limited.

• There is an AWS-style opportunity for parked vehicles to run distributed inference and compute.

• Tesla intends to introduce LLMs with customizable learning personalities to Optimus and its vehicle lineup.

Investor Facts

• Elon Musk expects $5-10 Trillion valuation for autonomy, and $20 Trillion for Optimus.

• Musk mentioned that Ark Invest has the closest scenario – with Robotaxi releasing in 2025 or 2026, for a 110x valuation increase.

• Elon’s stock award isn’t cash, and he has no intent to cut-and-run and is with Tesla for the long haul to accomplish the mission.

Other Items

• Tesla Home HVAC, with a built-in HEPA filter, humidity control, super-efficient, super-quiet, with Powerwall integration – one day.

• Kids Factory Tour Event – for children under 12!

If you’d like to watch the shareholder meeting, you can view it here, along with all the stockholder vote results.

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Tesla FSD in Europe: June Update

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The road to bringing FSD to Europe has been a long and complex one and filled with regulatory and bureaucratic hurdles. Elon Musk, as well as other members of Tesla’s AI team, have previously voiced their grievances with the regulatory approval process on X.

However, it appears that there is finally some progress in getting things moving with recent changes to upcoming autonomy regulations, but the process still seems slow.

Waiting on the Dutch

Elon commented on X recently, stating that Tesla is waiting for approval from Dutch authorities and then the EU to start rolling out FSD in Europe. Tesla is focusing on acquiring approvals from the Dutch transportation authority, which will provide them with the platform they need to gain broader acceptance in Europe. Outside of the Netherlands, Tesla is also conducting testing in Norway, which provides a couple of avenues for them to obtain national-level approval.

The frustration has been ongoing, with multiple committee meetings bringing up autonomy regulation but always pulling back at the last second before approving anything. The last meeting on Regulation 157, which governs Automated Lane Keeping Systems, concluded with authorities from the UK and Spain requesting additional time to analyze the data before reaching a conclusion.

Tesla, as well as Elon, have motioned several times for owners to reach out to their elected representatives to move the process forward, as it seems that Tesla’s own efforts are being stymied. 

This can seem odd, especially since Tesla has previously demoed FSD working exceptionally smoothly on European roads - and just did it again in Rome when they shared the video below on X.

FSD Supervised testing in Rome, Italy

Pending regulatory approval pic.twitter.com/TXh3uQIfrx

— Tesla Europe & Middle East (@teslaeurope) June 12, 2025

DCAS Phase 3

While the approval process has been slow, Kees Roelandschap pointed out that there may be a different regulatory step that could allow FSD to gain a foothold in Europe.

According to Kees, the European Commission is now taking a new approach to approving ADAS systems under the new DCAS Phase 3 regulations. The Commission is now seeking data from systems currently operational in the United States that can perform System-Initiated Maneuvers and don’t require hands-on intervention for every request.

This is key because those are two of the core functionalities that make FSD so usable, and it also means that there may not be a need to wait years for proper regulations to be written from scratch. Now, the Commission will be looking at real-world data based on existing, deployed technology, which could speed up the process immensely.

What This Means

This new, data-driven regulatory approach could be the path for Tesla to reach its previous target of September for European FSD. While the cogs of bureaucracy are ever slow, sometimes all it takes is a little data to have them turn a bit faster in this case.

Alongside specific countries granting approval for limited field testing with employees, there is some light at the end of the tunnel for FSD in Europe, and hopes are that a release will occur by the end of 2025. With Europe now looking to North America for how FSD is performing, Tesla’s Robotaxi results could also play a role.

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Tesla Launches 'TeslaVision' Contest With Big Prizes — See Last Year’s Winner [VIDEO]

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Tesla’s marketing has always been relatively unconventional, relying on word-of-mouth rather than traditional advertising. The passion of the owner’s community is always massive, but it is especially high now with the launch of the Robotaxi network just around the corner.

Tesla is now tapping into that spring of fan creativity and announced the TeslaVision video contest, with some seriously impressive prizes up for grabs.

Announcing the TeslaVision fan video showcase

Tesla owners & supporters have always been able to see our products & mission for what they truly are.

Your word of mouth has made Tesla what it is today.

The OGs will remember that in 2017, we held our first video contest. 8 years… pic.twitter.com/6pPpkqmqOH

— Tesla (@Tesla) June 10, 2025

The Contest

The core of the contest is simple. Create a video that shows how your Tesla gives you more in life. Tesla is looking for submissions that highlight themes of freedom, safety, fun, and convenience.

Prizes

The prizes definitely make this contest worth entering if you’re good with a camera and have some basic video editing abilities.

For North America, the prizes include a brand new Model Y AWD Long Range, alongside an all-expenses-paid trip to Austin for a tour of Giga Texas. The grand prize winner will also be able to custom order their Model Y, allowing them to select their preferred wheels and color.

The two runners-up won’t get a Model Y, but they’ll also enjoy an all-expenses-paid trip to Giga Texas for a tour of the factory.

The travel and tour include lodging in Austin for 2 nights, as well as economy-class round-trip tickets from anywhere in North America. Tesla will also provide a vehicle for use during the trip.

Hopefully, these winners will also have the opportunity to experience the Robotaxi network while they’re in Austin, as it’s expected to be opened to the public later this month.

Project Loveday

For long-time followers of Tesla, this contest may feel familiar. The contest is a direct throwback to the 2017 Project Loveday contest, which was inspired by a letter to Tesla from a 10-year-old aspiring marketer. That contest was won by MKBHD, with his submission below:

How to Enter

If you’re ready to start filming, here are the key pieces of information you’ll need to know:

• Video must be 90 seconds or less

• Video must be uploaded to YouTube with a public URL

• Make a post on X and Instagram tagging “@Tesla” and include the words “TeslaVision contest” in the post.

• Provide links to both social media posts in your submission to Tesla’s form

• Provide your personal details in the form

• You have until July 17th, 2025, or until Tesla receives 10,000 entries, whichever comes first.

You can find the official submission form and all region-specific details on Tesla's website.

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