What?
Tesla CEO Elon Musk is promising a manufacturing revolution with the release of new electric vehicles, including a low-cost Tesla and a Robotaxi. Despite facing a decrease in revenues for the first time in a decade, investors are optimistic about Tesla’s future plans.
So What?
Musk emphasizes that Tesla should no longer be viewed solely as a car company, hinting at a shift towards AI robotics. The company aims to achieve three million sales in 2025 and plans significant advancements in manufacturing processes, incorporating robots and AI technology. Tesla’s focus on innovation extends to self-driving vehicles and potential partnerships with other major car companies for Full Self Driving software adoption.
What’s next?
Tesla is gearing up for further growth in energy storage products and software services, highlighting opportunities beyond traditional car sales. Musk envisions Tesla becoming the most valuable company globally, signaling a shift towards autonomy and new product introductions. The company is set to unveil more details on its Robotaxi and Optimus humanoid robot, indicating a strategic move towards AI and robotics as key pillars of Tesla’s future success.
Source: https://thedriven.io/2024/04/24/musk-flags-manufacturing-revolution-in-evs-but-says-tesla-is-not-really-a-car-company/