Its aclassic Elon Musk move.
During the earnings call, however, Musk floated his new vision for the electric car company.
Think of it as a combination of Airbnb and Uber, said Musk on Teslasearnings callTuesday.
Photo: JC Olivera/WireImage (Getty Images)
When things are going south, Musk bets his companies on building what no one has before.
If this sounds familiar, its because Musk has been talking about this fleet of robotaxis for years.
Yeah, that didnt happen.
The robotaxis are still part of Musks vision for Tesla as an AI and robotics company.
Musk reiterated 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.
Musk is betting the company on self-driving after a year of struggles for Teslas autonomous driving division.
Musk also announced new, affordable Tesla models coming in early 2025.
However, this raises a question of how different these cars will be from existing Teslas.
Musk dodged an analysts question when asked to elaborate on these new vehicles.
Not to mention, Tesla announced plans tolay off roughly 6,000 employeesin Texas and California on Tuesday.
That doesnt hurt the stock price, though it may impact Teslas ability to execute these bold visions.
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