Elon Musk was live on Twitter Spaces talking Tesla: 5 keys

Elon Musk recently joined a Twitter Spaces talk about Tesla on Thursday and talked about a variety of topics such as the lithium refinery in Corpus Christi, Texas, the recession, not selling any more Tesla stock for another 18-24 months its purpose, etc. . Spaces were hosted by @StockMKTNewz, @WholeMarsBlog and @StockTalkWeekly.

Elon is here to join https://t.co/wDQnUnM0vr

— StockMKTNewz – Evan (@StockMKTNewz) December 22, 2022

Although you can go back and listen to the recording, Elon Musk gave a lot of specific information and assured Tesla shareholders that he is not still at Tesla. Here are five keys to live Twitter Spaces.

1. Elon Musk is not MIA at Tesla.

Several shareholders have expressed concern that Elon Musk’s Twitter focus is shifting away from Tesla. Elon Musk told Ross Gerber that he hasn’t missed a single important Tesla meeting.

“I went back to Austin last week. There is literally not one important Tesla meeting I’ve missed in the entire time. I’m not MIA”.

He also told Gerber that he has no plans to sell any more Tesla stock until 2025.

“I’m not selling any shares for another 18-24 months. Not until 2025. I had to sell it. I’m not selling stocks for probably two years from now…I’m a little paranoid after two recessions.”

2. Tesla will weather economic storms.

Regarding future economic problems, Elon Musk said that he believed that Tesla would face it better than any other company.

“I think Tesla will weather the next economic storm better than any company. Unless the company makes bread.’

“If you’re a ship in a storm, no matter how big a ship you are, you’re still going to get hit. There is latency in the supply chain.’

3. Tesla’s lithium refinery.

In November, Tesla a battery-grade lithium refinery began trading Texas and discussed details of the planned $365 million plant with Nueces County commissioners. Elon Musk spoke briefly about the refinery on Twitter Spaces.

“Tesla is building a lithium refinery in Texas to ease the lithium refining point.”

“Seven years to build a refinery is madness. We aim to have a significant volume out of the factory within 2 years.”

“We are also refining cathodes at Giga Texas for nickel-based cathodes.”

4. The next Gigafactory, recession and demand

Elon Musk added that overall automotive demand, especially Chinese demand, will drive down the cost of battery materials. He added that Tesla is deploying capital as quickly as possible without wasting it and then shared a little about the Gigafactory.

“To expand the capital as fast as we can without wasting it. We are making investments, and we cannot say too much, but we are close to choosing the location for the next Gigafactory. We are being careful and enthusiastic about it. We are coming into the recession in a strong position.”

5. Tesla Electric in Texas and the Master Plan Part 3

Tesla has just launched Texas-based Tesla Electric, which allows Powerwall owners to participate in virtual power plants (VPP). This was a major milestone for both Tesla and Texas. Elon Musk said:

“The main goal is to accelerate the advent of sustainable energy. Energy generation, energy storage and electric transportation. We are working on all three. The demand for large batteries is almost infinite. As long as a Tesla battery pack is cheaper than a high-end plant, the demand will be insatiable.” .

“1000 GWh of battery packs a year, if not 2000, is the goal. Part 3 of the master plan is about scale. Things have to be thought about in terms of tonnage. The basic rate limiter is how many gigawatt hours of battery packs can we do per year?

“Installed power of 300 TWh for fully sustainable energy”.

Elon Musk also emphasized that the Tesla team is doing a great job and predicts that Tesla will be the most valuable company in the world.

Disclosure: Johnna $ is a TSLA shareholder and believes in Tesla’s mission.

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Elon Musk was live on Twitter Spaces talking Tesla: 5 keys