On June 11, 2019, Tesla held their annual shareholder meeting for 2019 where CEO Elon Musk and his team outlined their progress and what they think of the future. If you missed the meeting you can watch it on YouTube, I will embed the video here:
I will not discuss every point brought up, instead, I will talk about the most important long term issues and plans Tesla talked about. Those include insurance, self-driving, future battery raw material sourcing, and my personal thoughts about future battery improvements.
Insurance and vertical integration on all levels
During the shareholder meeting, Elon Musk mentioned being serious about Tesla starting their own insurance product for Tesla drivers. The benefit to consumers, as stated by Elon Musk, is a lower premium since Tesla has strong confidence in their Autopilot program, which leads to lower crashes and in turn makes the car safer and less costly to insure. Tesla believes they could undercut other insurance companies by offering Tesla drivers a lower premium while still making a profit off lower claim frequency.