Even though CEO Elon Musk is in Trump’s inner circle, Tesla CFO Vaibhav Taneja said Wednesday that the EV maker could be affected by tariffs imposed by Trump. Just because Elon Musk is Donald Trump’s self-designated “first buddy” doesn’t mean his EV company won’t be hurt by the President's policies,
Elon Musk promised Tesla’s car sales would jump 20% this year at a minimum, but his own company doesn’t even seem to believe that.
Elon Musk said Austin residents will be able to pay for a fully autonomous Tesla robotaxi ride in June, with an expansion to more US cities planned.
Musk is banking on exponential growth of self-driving cars and humanoid robots to make Tesla the most valuable company in the world.
The news comes from CEO Elon Musk, who finally admitted it during Wednesday's Tesla earnings call (via Electrek ). "The truth is that we will need to replace all HW3 computers in vehicles where FSD was purchased," said Musk after Tesla's head of FSD, Ashok Elluswamy, said the company is "not giving up on it."
Errol Musk, father of Tesla CEO Elon Musk, has dismissed his son's claims of an unhappy and financially strained upbringing. He asserted that Elon was well taken care of as a child and even went to school in a Rolls-Royce.
The electric vehicle giant reported a 70 per cent drop in profit for 2024, with net income falling to $2.3bn (£1.83bn)
During Tesla's earnings call, Elon Musk mentioned Superman, telescopes, Hollywood, and inventors shouting "Eureka!"
Elon Musk claimed this week that Tesla robotaxi's will hit the roads this summer however skepticism from industry experts and analysts is high.
Elon Musk has expressed reservations about the second-generation Tesla Semi, which is scheduled to start production by the end of 2025. Musk questions whether the $10 billion it is expected to bring is worth the hype.
In 2024, Tesla (TSLA) ’s electric vehicle deliveries fell for the first time in the company’s 21-year history. But according to CEO Elon Musk, that’s no cause for concern because Tesla’s future is all about A.I. and other non-automobile businesses. And investors seem to buy the argument—for now.