Elon Musk is keeping investors' dreams of a Tesla robotaxi alive
Publishing timestamp: 2024-04-24 08:52:25
Summary
Tesla reported weaker-than-expected quarterly earnings and revenue, but stock rallied in extended trading. Musk emphasized the future of self-driving technology. Despite disappointing results, Tesla shares soared in extended trading. Musk reiterated his vision of Tesla as a company focused on building artificial intelligence software for self-driving vehicles and robotaxis. Musk also discussed the progress of Tesla's Full Self-Driving system and the development of a humanoid robot named Optimus. Investors and analysts are questioning whether these projects belong at Tesla, especially considering Musk's personal stake in the company. Musk emphasized the importance of his influence in achieving Tesla's goals, particularly in the development of advanced AI technology.
Sentiment: MIXED
Keywords: earnings, tesla inc, breaking news: technology, business news, autos, climate, elon musk, microsoft corp, uber technologies inc, technology,
Source: https://www.cnbc.com/2024/04/24/elon-musk-is-keeping-investors-dreams-of-a-tesla-robotaxi-alive.html