It ’s aclassic Elon Musk move . Tesla released some passably dour first - quarter numbers on Tuesday , picture that net incomedropped more than 50%from last year . During the salary call , however , Musk floated his “ raw ” vision for the galvanising car company . Tesla is now focused on build an AI - powered fleet of ride - herald robotaxis , composed of new “ Cybercabs ” and existingautonomous carsthat Tesla owners can send out at will .
“ recollect of it as a compounding of Airbnb and Uber , ” enjoin Musk on Tesla’searnings callTuesday . “ There will be some number of cars that Tesla have itself and operates in the fleet , and then there ’ll be a crew of cars where they ’re owned by the ending user . ”
When thing are sound in the south , Musk bet his companies on building what no one has before . Elon wants to build a robotaxi fleet so that Teslas pass as little time as possible sitting in a garage . Tesla owners will be capable to opt their cars into a drive - hailing robotaxi program , that they presumably can make money from . Like Airbnb , owners can choose to only lease their railway car to users with good ratings , or just friends and kinfolk . Tesla will operate this fleet , according to Musk , which also let in a novel consecrate robotaxi that will be showcased in August of this twelvemonth .
Photo: JC Olivera/WireImage (Getty Images)
If this sounds familiar , it ’s because Musk has been speak about this fleet of robotaxis for years . Back in 2019 , he tell there would bemore than a million of these autonomous machine pick up alien in 2020 . Yeah , that did n’t happen .
The robotaxis are still part of Musk ’s vision for Tesla as an AI and robotics society . The CEO , often affirmative with his timelines , expects Tesla ’s humanoid robot Optimus will be useable for sale externally by 2025 . Musk iterate that , when launched , Optimus “ will be more valuable than everything else combined . ”
Tesla blames its lackluster performance in Q1 of 2024 on a variety of factors . In itsquarterly update , direction 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 address , Tesla also observe the Global EV sales slump , as many American competitors extract from the EV race in the last class .
Musk is depend the company on ego - drive after a year of struggles for Tesla ’s autonomous driving division . The California DMV sue Tesla this year forclaiming its fomite could fully drive themselvesin merchandising materials , though that ’s not the compositor’s case yet . Tesla recently issue over - the - air travel updates to vehicles to include a disclaimer thatdrivers still have to pay attentionwhile using “ autopilot ” style .
Musk also announced new , low-priced Tesla theoretical account coming in former 2025 . These car will be build up on exist manufacturing lines , which Tesla says will reduce the price of construct them . However , this kick upstairs a doubtfulness of how different these cars will be from existing Teslas . Musk dodged an psychoanalyst ’s doubt when asked to dilate on these newfangled vehicles .
“ Elon Musk in conclusion stepped up as the grownup in the room and laid the introduction for Tesla ’s ontogenesis scheme with most importantly a lower cost vehicle now slated for 2025 production and bringing , ” said Wedbush Securities analyst Dan Ives in an psychoanalyst preeminence Wednesday seen by Gizmodo .
Tesla ’s stock soared Wednesday morning , up 14 % as of 10:20 a.m. in New York , despite the lackluster performance in Q1 . investor were excite by the candidate of raw , cheaper exemplar supposedly going into product now , alongside Musk ’s imagination for an AI - enabled future . Not to mention , Tesla announced plans tolay off roughly 6,000 employeesin Texas and California on Tuesday . That does n’t smart the stock Mary Leontyne Price , though it may impact Tesla ’s ability to execute these bluff visions .
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