Tesla celebrates Cybertruck production ramp at 2024 Stockholder Meeting 

Tesla celebrated its success with the Cybertruck’s production ramp during the 2024 Annual Stockholder Meeting. 

Elon Musk believes the Tesla Cybertruck is the company’s best product. During the Annual Stockholder Meeting, he announced that Tesla reached a production record of 1,300 Cybertrucks per week. Tesla continues to aim higher, targeting a production increase of 2,500 Cybertruck units per week by the end of 2024. 

Musk also announced that Tesla will soon end production on Cybertruck Foundation Series units. The company will shift its focus on non-Foundation Cybertrucks in the fourth quarter. 

During Elon Musk’s latest Annual Stockholder meeting presentation, one of the clips stated: “Made the Impossible Possible with Cybertruck.” The clip provides a glimpse of Tesla’s journey with Cybertruck production. 

When Tesla unveiled the Cybertruck, it was met with mixed reactions. Some people loved it immediately, some rejected it just as swiftly, and then there were the few who didn’t know what to make of it. At the time, the Tesla Cybertruck’s design and the features it promised were never-before-seen in the pickup truck market. Tesla’s idea for a pickup truck has since influenced many electric vehicles in the market today–especially some of its more useful features. 

“I think with the Cybertruck, it really is something special. It feels sort of nice to have different opinions on the Cybertruck. But if you really want to know if something is cool, if it’s a great product, show it to a kid,” Musk said. 

The Cybertruck has certainly evoked excitement and wonder in children and adults alike. It attracts attention wherever it is around the globe.

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Tesla celebrates Cybertruck production ramp at 2024 Stockholder Meeting 


Tesla Cybertruck escorts Boring Co’s Prufrock-3 tunnel boring machine

The Boring Company’s Prufrock-3 tunnel boring machine (TBM) recently completed a tunnel to Giga Texas, and in true Elon Musk fashion, the tunneling startup immediately transported the machine to its next dig site. As could be seen in photos that were shared on X, Prufrock-3 had a pretty cool escort as it was being moved around Giga Texas — the Tesla Cybertruck. 

Images of the Cybertruck escorting Prufrock-3 in Giga Texas were shared by the tunneling startup on The Boring Company’s official X account. While Prufrock-3 was being escorted by a number of Teslas in the images, it was evident that the Cybertruck was the tunnel boring machine’s lead escort vehicle

Previous posts from The Boring Company indicate that Prufrock-3 was immediately captured by “The Monster” after it finished digging through Giga Texas. Thanks to “The Monster,” which allows Prufrock-3 to launch directly into the ground, the tunnel boring machine could easily be driven to its next tunnel site and launched in less than 24 hours. 

The tunneling industry is ripe for some disruption, so it is no surprise that The Boring Company’s targets for Prufrock are incredibly ambitious. As per The Boring Company’s official website, Prufrock is designed to tunnel at a speed that’s greater than one mile per week. In the medium-term, the tunneling startup is expected to exceed 1/10 of a human’s walking speed, which is seven miles per day.

Such goals are nothing short of insane considering that the fastest TBMs in the market today are only capable of digging through several hundred meters every month. This was the case with the massive “Caucasus” tunnel boring machine, which was used to dig the Gudauri tunnel in Georgia. During its operations, the Caucasus was able to dig through a maximum of 426 meters (about 1,400 feet) in one month. This speed was already very quick for TBMs.

Of course, The Boring Company’s Prufrock is a significantly smaller TBM that makes significantly smaller tunnels. However, the speed of its operations and its targets suggests that Prufrock is a machine that should not be dismissed, as it is a TBM that has the potential to change the tunnel-boring machine industry, much like how the Tesla Model 3 changed the mainstream EV market. 

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Tesla Cybertruck escorts Boring Co’s Prufrock-3 tunnel boring machine in Giga Texas


Tesla China VP urges investors to pass Elon Musk pay package

Tesla China’s Vice President Grace Tao urged TSLA investors to pass Elon Musk’s pay package in the upcoming 2024 Annual Shareholders Meeting. 

The Tesla China VP posted about Elon Musk’s $56 billion pay package on Weibo. Tesla shareholders will vote on Musk’s 2018 package again, and many have argued their reasons for rejecting or passing the proposal

Based on her Weibo post about Musk’s pay package vote, Grace Tao agrees with Tesla Board Chair Robyn Denholm. 

“After joining the company for 10 years, I have experienced many important moments personally. It is hard to imagine that we would have been able to achieve these goals without Elon’s wisdom, courage, and determination. 

“Tesla has many big plans going forward, and I believe Elon’s leadership will be critical for us to achieve those goals. We look forward to your vote,” Tao said on Weibo. 

Former Ford CEO Mark Fields predicts Tesla shareholders will vote to pass Elon Musk’s $56 billion pay package. He discussed the potential issues if TSLA investors voted against Musk’s 2018 pay package, including the Tesla CEO’s departure from the company.

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Tesla China VP urges investors to pass Elon Musk pay package