Tesla 2023 shareholder meeting: Musk says Tesla will try advertising
Among other things, shareholders voted to add Redwood Materials CEO JB Straubel, previously CTO of Tesla, to the company's board as an independent director.
Musk also said that he expects a challenging economic environment to persist for the next twelve months, and that many companies will go bankrupt. But after that, he believes, the economy will recover and Tesla will be well-positioned. Responding to a question about his $44 billion takeover of social media service Twitter, Musk said it was a "short-term distraction" and said he had to do some "major open-heart surgery" to ensure its survival, then noted that he was excited to have former NBC Universal advertising executive Linda Yaccarino joining the company to become its new CEO.
Cobalt is a critical ingredient for production of batteries that go into Tesla's electric cars and backup battery packs used at homes and for utility-scale energy projects. "Even for the small amount of cobalt that we do us, we will make sure six weeks til Sunday that no child labor is being exploited," Musk said to the cheers of investors in attendance in person.
Back in 2017, Musk unveiled a "next gen" Tesla Roadsterduring an event to announce the Tesla Semi, the company's class 8 electric truck. On Tuesday he said the Roadster, which was originally slated for production and deliveries in 2020, may go into production in 2024. An attendee asked Musk about rumors that he is thinking of stepping down from Tesla. Musk said "it ain't so."
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