Tesla The company is investing in artificial intelligence (AI) as it predicts “the next big wave of growth.”
This wave will be driven by advances in autonomy and new product introductions, the company said. presentation The company made the announcement on Tuesday (July 23rd) in conjunction with its quarterly earnings release.
“We are investing in many future projects, including AI training and inference, as well as extensive infrastructure to support future products,” the Tesla CEO said. Elon Musk The company made the remarks during its earnings call on Tuesday.
Powered by AI software and hardware, the company’s autonomous driving products include a suite of driver assistance features called FSD (Supervised), an autonomous humanoid robot called Optimus, and future autonomous driving and Robo Taxi service.
During the second quarter, Tesla further improved the robustness of FSD (Supervised). It also lowered the price of the service in North America and launched a free trial for Tesla owners with the right hardware. According to the presentation, the program is showing results and laying the groundwork for “more meaningful FSD monetization.”
Musk said on the conference call that Tesla plans to teach employees how to use FSDs when they bring them in (with supervision). car To receive services.
“Once people use it, they tend to keep using it, so I think it’s going to be very appealing and a big demand driver,” he said.
As for Optimus, the presentation said Tesla is currently having the humanoid robot perform its first task: handling batteries at Tesla factories.
The company plans to start producing Optimus vehicles for Tesla in early 2025, with several thousand produced and running in Tesla factories by the end of 2025. expect Musk said during the conference call that the company plans to ramp up production and start delivering to external customers in 2026.
“We’re better off solving the problem ourselves,” Musk said.
Regarding future autonomous driving and robotaxi services, the company development of The rollout of these robotaxi services depends on technological advances and regulatory approval. But Tesla During its presentation, the company said it is “actively working” on the project because the “potential value” of robotaxis is “enormous.”
According to the presentation, Tesla is working towards its next big wave of expected growth, delivering record quarterly revenue in the second quarter. Total revenue increased 2% year over year, with total automotive revenue down 7%, energy generation and storage revenue up 100%, and services and other revenue up 21%.
The revenue growth was driven by rapid growth in the company’s energy storage business and a continuing recovery in vehicle deliveries, according to the presentation. The latter was driven by improvements in overall consumer sentiment and Tesla’s Offering A financing option designed to offset the effects of high interest rates.
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