New charger a big takeaway from Tesla meeting: Analyst

3 takeaways from Tesla meeting
3 takeaways from Tesla meeting   

While the retirement of Tesla Motors' CFO, Deepak Ahuja, is important, there is one piece of news that may have been overlooked by many, Stifel Nicolaus analyst Jamie Albertine said Wednesday.

"The thinner charging cable is coming to the power charging network," Albertine said in an interview with CNBC's "Squawk Alley." "If they can get that [car] charging time down considerably, that's going to change the whole buying matrix that consumers are going to go through when considering an electric vehicle."

Tesla CEO Elon Musk announced both Ahuja's retirement and the thinner charging cable at the automaker's annual shareholders meeting Tuesday.

Ahuja's exit comes after seven years at the company and as Tesla is about to enter a period of intensive growth and equally intensive spending. Musk reiterated the company's anticipation of 50 percent annual growth over the next several years.

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Musk also confirmed the first deliveries of the new Model X crossover will begin "in three to four months." He said the gull-wing utility vehicle "is shaping up to be five stars in every category" in terms of safety ratings, making it one of the safest SUVs on the road.

Tesla shares were down more than 2 percent midday Wednesday.

—Reuters contributed to this report.