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Tesla's 2023 AGM: Key Updates on Cybertruck, Market Outlook, and Board Appointments
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Tesla CEO Elon Musk delivered a compelling address to shareholders during the company's highly anticipated annual meeting on Tuesday. With a Show More
Tesla CEO Elon Musk delivered a compelling address to shareholders during the company's highly anticipated annual meeting on Tuesday. With an optimistic outlook, Musk expressed his belief that the economy would rebound within the next 12 months. He also reassured investors that Tesla remains committed to its delivery schedule, promising the imminent production and delivery of Cybertrucks later this year.

Key takeaways
- Elon Musk reveals Tesla's plan to deliver its highly anticipated Cybertrucks this year, with a projected production capacity of 250,000 to 500,000 units annually.
- Musk announces his personal commitment to driving a Cybertruck on a daily basis, showcasing his confidence in the vehicle.
- Despite economic challenges ahead, Musk emphasizes Tesla's strong long-term position and resilience compared to other companies.
- The Model Y is expected to dominate as the "No. 1 selling car on earth" this year.
- Tesla considers a potential shift in its advertising strategy, signaling a possible departure from its traditional stance against advertising.
- Exciting technological advancements are on the horizon, including a new drive unit that requires fewer rare materials and a switch to a low voltage architecture that reduces the need for copper.
- JB Straubel, former Tesla CTO and leader of e-waste recycling company Redwood Materials, joins Tesla's board as an independent director, bringing valuable expertise and perspective to the company's leadership.

What about you?
What aspect of Tesla's AGM announcements excites you the most and why?
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