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He said that, of the 7 million vehicles Tesla has produced to date, the "vast majority" are "capable of autonomy," adding that the company is "currently making on the order of 35,000 autonomous vehicles a week." Tesla still doesn't produce or sell cars that are safe to use without a...
Taneja, like Musk, emphasized that Tesla would remain "unflagging" in its "pursuit of additional cost downs for 2024," where both engineering and factory operations were concerned. Toward the end of the call, Musk apologized for sounding "paranoid," about the economy which he said may be rock...
17:00 CDT– When asked about Tesla’s estimated demand for Optimus, Musk joked that the humanoid robot’s production would be immense. There are a lot of challenges with Optimus’ ramp, however, as even its actuators have to be custom-made. No suppliers produce the actuators that Tesla nee...
The announcement of Tesla’s Q1 2018 financial results and earnings call comes at a time when the company continues to pursue its self-imposed goals for the production of its most ambitious vehicle to date — the Model 3. The production goals for the vehicle, which is widely considered as ...
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Price Action: Tesla shares were trading down by 1.98% at $213.67 at the time of publication Wednesday. The name is down 14% year-to-date and up less than one percent year-over-year.
Tesla’s stock had been relatively stable for the year, down less than 1% before the earnings report, while the Nasdaq had risen by 20% over the same period. The disappointing earnings have led to a cautious outlook among investors, with some analysts recommending selling Tesla shares. The ...
We're also nearing completion of the South expansion of Giga Texas, which will house our largest training cluster to date. So it will be an incremental for 50,000 H100s plus 20,000 of our hardware for AI5 at Tesla AI computer. With Optimus, Optimus is already performing tasks in our ...
Tesla also announced last week that it will lay off about 10% of its global workforce in a bid to control costs. Its stock has fallen over 42% year to date as of Monday's close amid the competitive challenges and financial headwinds it faces, which have left the EV maker at a crossroa...