on revenue, earnings and a 87 per cent rise in inventory as electric vehicles sales slowed around the world – Tesla founder Elon Musk used the company’s investor on Wednesday to talk up the company’s growth ambitions.Elon Musk was in full pitch mode on Wednesday morning as he spruiked is autonomous vision.
The argument here isn’t new. If Tesla can develop its full self-driving technology to a point where vehicles can be fully autonomous, then every new car it sells, and every existing car it has on the road, can potentially become part of a massive fleet of Robotaxis. You can use your Tesla for 10 hours a week, then put it into the Robotaxi fleet for another 50 hours a week, alongside Tesla-owned Robotaxis.
Here was the latest and greatest unified theory of Tesla: AI-fuelled autonomy allows Tesla to move beyond its past as a car maker or energy company to effectively become a new style of tech giant.“Really, the way to think of Tesla is almost entirely in terms of solving autonomy, and being turned on that autonomy for a gigantic fleet. And I think it might be the biggest asset value appreciation in history when that happens,” he said.
But while Musk talks about this stuff like it’s a sure thing, this is, in effect, another big “trust me” moment from the billionaire.
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Source: FinancialReview - 🏆 2. / 90 Read more »