Musk’s post stood at odds with remarks he previously made suggesting Tesla is already an importantAI and roboticscompany, and its value hinges on its prowess in these domains. In April 2022, Musk predicted during Tesla’s first-quarter earnings call that the company’s humanoid robot, Optimus...
— Elon Musk (@elonmusk)January 25, 2024 Why It’s Important: Critics, including CNBC’sJim Cramer took exception to Musk’s demand for more control.and saw it impacting the company’s stock price. He also brought up the possibility of Tesla being booted out of the “Mag...
"Musk has even said he would not want to grow Tesla to become a leader in artificial intelligence and robotics, as he has promised, without a compensation plan that would give him ownership of around 25% of the company's stock. Th...
But, more importantly, Musk’s plan to take Tesla to the next level—to transform it from a car company into a multi-trillion-dollar AI and robotics company—has yet to bear fruit. A primary reason for Tesla’s nearly $700 billion value (down from a 2022 high of $1 trillion) is Mus...
At Tesla's 2024 annual shareholder meeting, CEO Elon Musk claimed humanoid robots could lift the company's market cap to $25 trillion at an unspecified future date. As of Thursday's close, Tesla had a market cap of about $580 billion. The value of the entire S&P 500 is currently ...
Musk was and is a serial entrepreneur, owner and/or founder of X, Space X, neuroscience company Neuralink and the tunneling firm Boring Co. He has said he might leave Tesla to develop more artificial intelligence technologies and robotics unless he can control 25% of the shares. His worry ...
"Tesla is focused on building the future of energy, transport, robotics and AI. And this is a time when others are just focused on managing around near-term trends. We think what we're doing is the right approach," Musk said, arguing Tesla's work in these areas will generate more val...
Musk said in 2019 he was “very confident” the company would have operational robotaxis by the next year. This year he shelved plans for a new, affordable vehicle in a sharp pivot to robotaxis. Tesla “should be thought of as an AI robotics company,” not a carmaker, he ...
Tesla is perhaps the biggest accelerator of Elon Musk’s net worth. When the company debuted on the stock market in 2010, Musk instantly amassed a personal fortune of $2 billion. Indirectly, theTeslashare price appreciation results from a new wave of younger investors and strong demand for ele...
They note that, for years, Musk has sought to position Tesla not as a car company but as a robotics and AI powerhouse. The claim helped propel Tesla’s stock price, resulting in the company’s value exceeding that of top automakers combined. ...