Highlights From AGM

On Tuesday, Tesla held its AGM. There were no surprises, good news for shareholders. The general message is that Tesla will continue to grow at an incredible rate. Part of that growth includes opening a factory in Europe and maybe getting involved in mining to secure the materials needed for their batteries.

The main questions hanging over Tesla, can it stay cashflow positive and can their massive growth offset their debt burden? Some people have criticised Musk for missing some steep self-imposed targets. At the rate that Tesla is growing, there is always going to be some variability in their production, which means that they will miss some of their targets. I think the most crucial thing for Tesla is the overall trend of their production and sales. The trend has been exponential growth, missing a few targets along the way its an issue.

Here is a quick look at the main points - Highlights from Tesla's annual meeting and Tesla might get into the mining business to secure minerals for electric batteries.