It was a whirlwind of announcements at Tesla's Annual Shareholder Meeting held in Austin, Texas. The company announced significant updates about the company's future, including ambitious product plans, leadership changes, and bold strategies to address human rights issues in the supply chain. Musk's engagement with shareholders and his unexpected revelations left the audience more enthusiastic than ever about what lies ahead for the electric vehicle giant.
Musk to Continue as Tesla CEO
In his typically candid style, Elon Musk began the meeting by expressing his appreciation for the Tesla community, stating, "I just want to say I love you guys." This sentiment set the tone for the event, highlighting the close-knit relationship between Tesla and its shareholders.
Many investors breathed a sigh of relief as Musk announced he will not be stepping down as CEO of the company, squashing circulating rumors. Asserting the importance of Tesla's role in AI and AGI, Musk emphasized his necessity in overseeing the operations. Tesla co-founder JB Straubel was officially elected to the company's board of directors, alongside the re-election of Musk for another three-year term.
Tesla Dabbles in Traditional Advertising
In a surprising turn, Musk disclosed plans to venture into traditional media advertising — a departure from the company's typical non-traditional marketing approach. He acknowledged the importance of reaching potential customers outside of the company's devoted fan base. The crowd's overwhelming excitement caught Musk off guard, leading him to promise to evaluate the effectiveness of this new strategy.
Updates on Cybertruck and Tesla Roadster
In addition, Musk revealed that Tesla is targeting to deliver its first Cybertrucks within the year, with plans to deliver between 250,000 to 500,000 Cybertrucks annually. The return of the much-anticipated Roadster is slated for 2024. Musk gave insights into the challenges and breakthroughs in Cybertruck production, focusing particularly on the vehicle’s unique stainless-steel exoskeleton.
Despite rumors suggesting otherwise, Tesla successfully navigated the challenges, sticking to its original design intent and developing new manufacturing techniques for an exoskeleton-based vehicle. Further, the Cybertruck will be equipped with multiple attachment points to support third-party accessories.
Teaser of the Next-Gen Tesla Cars
In the meeting, Musk also teased two new electric vehicle models being designed by the company. One of these next-generation EVs appears to be a compact hatchback with a silhouette resembling the Model Y. No further details were given on the second vehicle. Still, Musk suggested that the combined production of both vehicles would exceed 5 million units per year.
Watch the Cyber Roundup Event
Watch Tesla's Cyber Roundup event in its entirety below. The Q&A session, one of the most interesting parts of the event, begins at the 1-hour 4-minute mark of the video below.
Update on the Next-Gen Tesla Roadster
Despite the excitement surrounding the next-generation Tesla Roadster, its production has been pushed back to 2024. While it will not be a significant contributor to revenue, Musk assured that its unique SpaceX thruster package will make it a "modest contributor to profitability."
Tesla Responds to Human Rights Concerns with Third-Party Audit
Tesla, facing increasing scrutiny over human rights abuses linked to its supply chains, has committed to a third-party audit. The concerns arise from the company's sourcing of cobalt from the Democratic Republic of Congo, known for pervasive child labor, and potential ties to forced labor in China's Xinjiang Uygur Autonomous Region. Amidst these allegations and ongoing lawsuits, Tesla's decision to hold a third-party audit marks a critical move toward addressing these issues.
Market Outlook Amid Economic Uncertainties
While Tesla has always been a forerunner in the electric vehicle market, Musk acknowledged that the company is not immune to the potential economic pressures that lie ahead. During the shareholder meeting, he cautioned about a potentially tough period for the economy and the consequent impact on consumer discretionary spending. Yet, he urged investors to remain resilient.
Musk offered some advice, saying, "Don't look at the markets for the next 12 months. If there's a dip, buy the dip." Despite acknowledging these challenges, he expressed confidence that Tesla will emerge stronger in the face of adversity, reinforcing the company's long-term investment appeal.
The Tesla annual shareholder meeting was packed with exciting revelations and announcements, from the CEO's continued leadership to the unveiling of future product plans. The surprises continued with the company's venture into traditional advertising and the commitment to cobalt auditing. As the meeting concluded, one thing was clear: Tesla continues to disrupt the industry with its forward-thinking strategies and unwavering dedication to innovation.
Tesla made a lot of improvements in the 2024 Holiday Update, including more than 15 undocumented improvements that were included in the release. One of these was a stealthy performance improvement to the YouTube app.
Several people have mentioned they’ve seen improved performance on YouTube since this year’s Holiday Update - and there’s an interesting reason why.
YouTube Improvements
The improved YouTube performance in Tesla vehicles comes from an unexpected source—Tesla actually rolled back support for YouTube’s newer AV1 video encoding. Instead, vehicles now default to the older VP9 encoding standard.
While AV1 is highly efficient in terms of bandwidth, it requires considerably more processing power to decode and display videos. VP9, on the other hand, is less computationally demanding but uses more bandwidth to achieve the same video quality. This trade-off means smoother playback and better overall performance, even if it comes at the cost of slightly higher data usage.
Intel Inside
The VP9 video codec that the YouTube app is now using is much easier to decode, making it less taxing on the vehicle’s processor. This change is particularly beneficial for Tesla vehicles with Intel processors, which previously struggled to stream video at just 720p. When using AV1, these vehicles often experienced stuttering, sometimes forcing the YouTube app to automatically downgrade playback to 480p.
With this update, Intel-based Teslas should now be able to stream at 1080p smoothly. Streaming at 1440p is also possible, although occasional stutters still occur as the system keeps up with the decoding process.
Intel-based vehicles are the big winners with this change, but this appears to affect AMD Ryzen-based infotainment units as well, providing even smoother playback.
Chromium Web App
Tesla’s Theater apps aren’t native applications; instead, they run as chromeless web apps, leveraging the open-source browser built into Teslas known as Chromium (the open-source version of Chrome). Although this works quite well, there is a severe limitation - Chromium hardware acceleration isn’t supported on Linux, the operating system Tesla uses for their OS.
As a result, Tesla vehicles rely on software decoding instead of hardware decoding, which would otherwise handle video playback far more efficiently. A potential solution could be for Tesla to transition away from Chromium-based web apps in favor of a Mozilla Firefox-based browser, as Firefox does support hardware acceleration on Linux. This switch could also open the door to better streaming performance and the possibility of expanding Tesla’s in-car entertainment options.
However, Tesla’s choice of Chromium likely stems from Digital Rights Management (DRM) requirements for streaming services like Disney+ and Netflix, which rely on DRM-enabled playback. Firefox on Linux has had inconsistent support for DRM due to codec availability and variations in operating system versions.
We’re hopeful that Tesla will either adopt Firefox or develop a fully native application to improve video streaming, rather than continuing with the current web-based Tesla Theater. This shift could also pave the way for additional in-car applications built on Tesla’s native Linux environment—perhaps even reviving the long-rumored Tesla App Store.
Regardless, this update is a welcome improvement, particularly for YouTube, which remains one of the most widely used Theater Mode apps due to its accessibility, free content, and mix of short and long-form videos. It remains to be seen whether similar improvements are made for Netflix, Disney+, or other streaming platforms.
If you’ve noticed improved performance in Theater Mode, now you know why.
Tesla’s Model Y has held the title of the world’s best-selling vehicle—across all categories—for the past three years. And it takes an absolute masterstroke of engineering and design to make an even better, more popular vehicle.
In a newly released video (posted below), Tesla highlights some of the key upgrades and refinements made to the Model Y. While a previous deep dive explored the engineering details [insert link here], this latest video offers a broader look at the improvements. Let’s take a closer look.
Unique Design of the Model Y
The refreshed Model Y is all about individuality. While every Tesla model stands out in its own way, some are more similar than others. For example, the Model S and Model X share a similar front fascia design but still feel distinct. The previous Model 3 and Model Y, however, were often difficult to differentiate, even for seasoned Tesla owners.
That’s no longer the case. With the refreshed Model 3 and Model Y, the differences are clear enough to make each vehicle instantly recognizable. You’ll easily spot them on the road and distinguish them from their predecessors.
Design
The lightbar is the first thing you’ll notice about the design overhaul. Tesla aimed to give the vehicle a wider, more grounded appearance while also creating more space on the front fascia. This newfound space not only improves the vehicle’s look but also leads to some efficiency gains—more on that later.
The rear lightbar is equally striking. It’s a reflective, full-body design, marking a first in the automotive industry. The light is reflected onto a custom applique, which directs it downward, creating a puddle of red light behind the car. As Franz, Tesla’s Head of Design puts it, it gives the impression of an afterburner.
The reflective rear lightbar.
Not a Tesla App
Ride Comfort
Tesla has been focused on improving ride comfort, and the refreshed Model Y is a testament to that effort. While the original Model Y had more of a sports car-like handling, which was less ideal for family use, the new suspension design focuses on comfort by reducing impact harshness, all while maintaining Tesla’s signature steering feel and precise handling.
This is paired with in-house designed tires, developed alongside the tire manufacturer, resulting in the most efficient EV tires Tesla has ever used. With lower rolling resistance, improved handling, and reduced road noise, these tires contribute to a smoother, quieter ride.
The addition of acoustic glass across every glass surface in the vehicle, combined with upgraded sealing materials throughout the cabin and body, has led to a 20% reduction in overall vehicle noise. This is a substantial improvement for an already quiet EV.
The new silver-infused acoustic glass also reflects heat much more effectively than the older glass, reducing the strain on the vehicle’s climate system. This allows the fan to run at a lower speed, further reducing cabin noise and improving energy efficiency. Tesla has truly pulled out all the stops to make the refreshed Model Y one of the most comfortable and refined passenger vehicles on the road.
Efficiency and EPA Range
When it comes to efficiency, Tesla has meticulously reevaluated every component and design choice of the original Model Y, all while maintaining the same size and form factor that has made it a favorite for millions worldwide. The result? A 10% improvement in efficiency over the previous Model Y, which translates to more range.
The EPA recently announced the official range for the vehicle of 327 miles, beating Tesla’s estimate of 320 miles. This is an increase of 16 miles over the outgoing AWD Model Y, which had an EPA estimated range of 311 miles.
The front ducts have been widened thanks to changes in the front fascia, allowing for improved airflow over the tires and front brakes. Meanwhile, the new thermoplastic spoiler has been redesigned at the rear to be more aerodynamically efficient, contributing to the overall 10% efficiency boost. These updates improve performance and range.
Utility
The Model Y has become the ubiquitous Sports Utility Vehicle, capable of handling just about anything. In addition to improving its performance and efficiency, Tesla has also improved its practicality. The trunk opening has been enlarged, making it easier to load and unload items.
One standout feature is the power-folding rear seats. With just the push of a button, you can effortlessly fold them down or raise them back up. Additionally, the front seats automatically slide forward to create more space when you need to bring the rear seats down.
Tesla also gave the frunk a thoughtful upgrade. It now includes a new drain plug, and the bottom liner is fully waterproof—an improvement over the previous water-resistant version. This means you can fill the frunk with ice or use Tesla’s upcoming frunk cooler without worry. There’s even talk of more accessories on the horizon, and we can’t wait to see what Tesla has in store for this versatile space.
Safety
Safety has always been a top priority in Tesla’s vehicle design, and the Model Y has consistently earned 5-star crash safety ratings worldwide. It’s expected that the refreshed Model Y will continue this trend, maintaining Tesla's reputation for top-tier safety.
Additionally, the new front bumper camera offers valuable assistance for parking in tight spaces or when navigating off-road. While there’s no official word yet on whether these bumper cameras will be integrated into Full Self-Driving (FSD) or Smart Summon for the refreshed Model Y or Cybertruck, it’s definitely something to watch for in future updates.
Interior
Front and rear infotainment
Not a Tesla App
Inside the refreshed Model Y, Tesla has fine-tuned every detail to create a more premium feel. This includes the addition of ambient lighting, similar to the refreshed Model 3 and Cybertruck, as well as new materials throughout the cabin to elevate the overall aesthetic.
The redesigned heated and ventilated seats take comfort and support to the next level, which is a significant improvement for those who use the Model Y as their daily commuter. A comfortable seat can make all the difference on long drives.
In the rear, the updated infotainment system can now pair with two Bluetooth headsets specifically for the back screen. This means passengers in the rear can enjoy audio independently of the front, so if your kids want to watch cartoons, you can continue enjoying music or the news without any interruptions.
Tesla also developed new acoustically transparent materials, which are used to conceal some of the 16 speakers and the newly positioned microphones. Placing the microphones closer to the driver and front passenger’s heads improves clarity for voice recognition and phone calls.
Be sure to check out the full video below to see the meticulous design work and thoughtful improvements that went into the refreshed Model Y—it’s definitely worth a watch.
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