In a recent earnings call, Tesla CEO Elon Musk unveiled his vision for the company’s future, which includes the introduction of robotaxis and new, affordable electric vehicles. The robotaxi fleet will allow Tesla owners to rent out their cars through a ride-hailing program, generating additional income while reducing idle time. The affordable EVs, slated for production in 2025, will be built on existing manufacturing lines, reducing costs and expanding Tesla’s market reach. These initiatives are part of Musk’s broader vision for Tesla as a leader in artificial intelligence and robotics, with the humanoid robot Optimus expected to be available for sale by 2025.
Results for: Affordable EVs
Tesla Inc. announced plans to accelerate the launch of new affordable electric vehicles (EVs), despite missing Wall Street estimates in its first-quarter earnings report. The move aims to boost vehicle volumes in a cost-efficient manner during uncertain times. Tesla’s shares surged after hours on the news, which comes amid concerns about continued vehicle price cuts and layoffs that had pushed the stock to a 15-month low in 2024.