As Tesla struggles to sell cars, Elon Musk sold investors on a futuristic vision of robots and robotaxis.
It’s a classic Elon Musk move. Tesla released some pretty grim first-quarter numbers on Tuesday, showing that net income dropped more than 50% from last year. During the earnings call, however, Musk floated his “new” vision for the electric car company. Tesla is now focused on building an AI-powered fleet of ride-hailing robotaxis, composed of new “Cybercabs” and existing autonomous cars that Tesla owners can send out at will.
” Tesla blames its lackluster performance in Q1 of 2024 on a variety of factors. In its quarterly update, management called out the Red Sea conflict, the arson attack at Gigafactory Berlin, and the gradual ramp of the updated Model 3 in Fremont. Broadly speaking, Tesla also noted the Global EV sales slump, as many American competitors pulled from the EV race in the last year. Musk is betting the company on self-driving after a year of struggles for Tesla’s autonomous driving division.
Business Finance Dan Ives Uber Airbnb Robotaxi Tesla Inc. Tesla Next-Generation Vehicle Tesla Roadster Criticism Of Tesla Inc. Tesla Model 3 Electric Cars Gizmodo
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Best Robots Are Matt Berry RobotsMatt Berry voices a robot in Fallout
Read more »
Tesla’s Optimus robot could be on sale next year, says Elon MuskWhile disclosing the anticipated release date, Musk claimed that Optimus robots could become Tesla’s most valuable asset.
Read more »
DeSantis signs Florida social media law; Elon Musk can’t get away with attacking disinformation expertsJa'han Jones is The ReidOut Blog writer. He's a futurist and multimedia producer focused on culture and politics. His previous projects include 'Black Hair Defined' and the 'Black Obituary Project.'
Read more »
When Dominic Frisby Got The Attention Of Elon MuskPolite and smart and punctual, it once was good to be. Not any more! This one is sure to end my career (if it isn’t already over). I hope you enjoy it. I can't tell you how much belief I have in these songs, which is why I persist with with them and what to grow them into something bigger.
Read more »
Elon Musk Allegedly Mandates FSD Installation And Demo At New Tesla DeliveriesNorth American customers can expect FSD 12.3.1 already installed on their cars and to see it in action before delivery is completed
Read more »
Elon Musk Faces Ripple CTO’s Jab as X Loses Case After 'Shocking' Court RulingXRPL co-creator slams Elon Musk for his notion of free speech which made X lose a case against CCDH
Read more »