Tesla Talks Robotaxi Details, Hardware 5.0 and More - Complete Shareholder Meeting Recap and Notes

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Did you miss the Shareholder Meeting? Want to know what Elon Musk said?

We’ve got an easy-to-read recap for you below, split by sections. We’ll be writing more in-depth about many of these topics over the upcoming days as we unpack all the awesome news!

Robotaxi

• Fleet monetization planning is ongoing.

• Owners will be able to send their cars to the Robotaxi fleet and summon them back when they need them.

• Tesla will take a margin, but most of the income will go to owners.

• Tesla has plans to solve driverless interventions in the future, but expects them to be edge cases of edge cases.

FSD

• Headed towards Unsupervised FSD!

• New subversions are essentially new full versions; 12.4 and 12.5 are massive updates.

• Expect a 2-5x increase in performance between versions.

• Major versions will include a 2-week free trial.

• 10 thousand miles between interventions for some internal builds.

• Hardware 4 training will begin later this year, Hardware 3 will continue to be developed.

• Hardware 5 is 18 months from retail release.

Optimus

• Optimus will be able to do many simple and difficult tasks:

  • Teaching

  • Companionship

  • Babysitting

  • Factory Work

• Tesla expects 2 humanoid robots per person in the future.

• Tesla expects 1000-2000 robots working in its factories by next year, with a limited production run.

• 22 degrees of freedom in the next generation hand, one new major hardware revision coming this year.

Cybertruck

• China and Europe-compliant Cybertruck coming after production is scaled and costs are reduced.

• Foundation series ending soon, non-foundation series starting next quarter.

Semi

• Semi is in low-volume production, high-volume production starting soon.

• Companies are actively choosing Semi due to economic advantages.

• Massive potential impact on carbon emissions

• Big impact on the profitability.

Other New Products

• New products are coming soon, and Tesla is working hard on them.

• Possible 12-passenger van, added to the “To-do” list.

Supercharger

• 58K global sites, and continuing to grow.

• More superchargers deployed this year than the rest of the industry combined.

• Tesla is providing adapters to other car companies and providing them with support for Supercharger access.

• Tesla is moving to fill gaps and relieve congestion where possible.

Battery Production and Stationary Storage

• New 4680 innovations, best cell from a manufacturing and efficiency standpoint.

• 4680 will be a continuing focus to improve over time.

• Tesla has made their battery supply chain stronger and is working on further vertical integration.

• 2023 had 15GWh of Megapack production, 2024 is looking closer to 40GWh.

• 100-200% growth rate in the energy storage market.

• Tesla is constrained by Megapack and Powerwall 3 production, can’t keep up with demand, even as they scale rapidly.

AI and Compute

• AI growth is on a weekly basis, with Tesla taking in video and training on decision-making faster than ever.

• Tesla is not compute-limited for FSD, but scenario-limited.

• There is an AWS-style opportunity for parked vehicles to run distributed inference and compute.

• Tesla intends to introduce LLMs with customizable learning personalities to Optimus and its vehicle lineup.

Investor Facts

• Elon Musk expects $5-10 Trillion valuation for autonomy, and $20 Trillion for Optimus.

• Musk mentioned that Ark Invest has the closest scenario – with Robotaxi releasing in 2025 or 2026, for a 110x valuation increase.

• Elon’s stock award isn’t cash, and he has no intent to cut-and-run and is with Tesla for the long haul to accomplish the mission.

Other Items

• Tesla Home HVAC, with a built-in HEPA filter, humidity control, super-efficient, super-quiet, with Powerwall integration – one day.

• Kids Factory Tour Event – for children under 12!

If you’d like to watch the shareholder meeting, you can view it here, along with all the stockholder vote results.

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Tesla Expected to Offer FSD Transfers in Europe

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It has been a long wait for FSD for European customers, many of whom paid for the feature years ago on now legacy hardware. While the FSD transfer program has come and gone multiple times, there’s something to be said about having it available in North America, where it can be used, and in Europe or other countries, where it still just remains the same as Enhanced Autopilot (differences between Autopilot, EAP, and FSD).

FSD Transfer is a nice goodwill gesture from Tesla that in theory doesn’t cost them anything. Instead, it keeps customers, especially those who have been waiting for years, loyal and happy. It also incentivizes them to upgrade to a newer Tesla with HW4, where FSD will hopefully be achieved.

In a reply to a post on X, Elon agreed with the suggestion that offering FSD transfers in Europe would be a fair solution for those who have already purchased FSD but can’t use its capabilities.

Sounds fair

— Elon Musk (@elonmusk) July 13, 2025

A Fair Solution

FSD Transfer directly addresses a growing concern for many long-term European Tesla owners. Thousands of customers purchased the full package, often many years ago, with the expectation that FSD would eventually be capable and approved for use. However, the reality is that FSD, even as an advanced driver assistance system (ADAS), continues to be pushed back in Europe.

As the regulatory process continues at a snail's pace, many of these early supporters are now reaching or have already passed the point where they’re ready to upgrade to a new Tesla.

Without the transfer program, it's a difficult choice: either throw away your original investment in FSD and pay for the package a second time (FSD price history), or subscribe to it in the future.

Offering FSD transfers is a good way for Tesla to meet them halfway. It's a difficult situation, and one that’s being hindered by processes beyond the control of both the customer and Tesla. However, a transfer helps both parties. Tesla sells another vehicle, and the customer gets to keep FSD.

When Will it Be Available?

Based on how FSD transfers have worked in the past following Elon’s announcements, this feature is likely to become available for a limited time period in the coming days or weeks. If it happens, we should expect an announcement from Tesla Europe on X and emails being sent out to Tesla customers.

Once the program is in place, all you need to do is complete your vehicle purchase and then inform your Tesla sales advisor that you’d like to transfer FSD. You don’t even have to sell or trade in your old Tesla; FSD will simply be removed from it as a feature.

Hopefully, Tesla enables FSD Transfers for everyone, regardless of region. It should be an ongoing offer until at least FSD is approved in the given country or region.

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Tesla Increases Robotaxi Fare Fee, Up from $4.20

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The introductory price for Tesla’s Robotaxi Network has finally been updated. In a post on X, Elon Musk confirmed that the new fare would be rolling out to complement the new Robotaxi geofence expansion.

This change marks the first adjustment to Tesla’s fares since the initial $4.20 launch price 23 days ago. While the price increase may seem significant in terms of percentages, when compared to other options in the ride-hailing area, it is still drastically cheaper.

But the price is now a princely $6.90, as foretold in the prophecy 😂

— Elon Musk (@elonmusk) July 14, 2025

Context Matters

Robotaxi currently operates on a simple, flat-rate model. The new $6.90 fare gets you a ride to anywhere within the recently expanded geofence.

So far, this is the opposite approach compared to other services, such as Waymo or traditional ride-sharing options like Uber and Lyft. All these services use dynamic pricing based on distance, time of day, and demand. A comparable trip on any one of these services could cost anywhere from $30 to $65, and potentially even higher during peak hours.

That doesn’t even include the tip fees for human drivers either - another win for Robotaxi (can you tip a Robotaxi?).

Even with the adjustment, the flat $6.90 fare remains less than half the price of a typical competing ride, making Robotaxi the most affordable point-to-point transportation option in Austin, aside from mass transit, for now.

A “Maturing” Service

The price change, moving from one meme-worthy number to another, is a sign that Robotaxi is finally graduating from its initial pilot phase. Following the first major expansion of the service area, this adjustment is a logical next step towards finding a more sustainable flat price.

While the new fare is a 65% increase over the old fare, the key takeaway is that it is still far cheaper than other options, and still just as meme-worthy. Tesla is aiming to have its early access riders complete as many rides as possible during these early months, and this pricing is still very reflective of that.

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