🙄 Tesla Goes Up On The Floor Now? Finally Entry Point?
In particular, continued sales growth and profitability, Tesla’s biggest strength, have been hit harder than ever. Sales have fallen 9% year-on-year, turning to their first decline in 12 years since 2012, and operating margins have deteriorated significantly to 5.5% from 11.4% a year earlier.
Tesla maintained a cautious outlook, expecting sales growth to slow down in 2024 compared to 2023. Nevertheless, it was Elon Musk’s presentation of a new vision that led to the cheers of investors. It was the mass production of low-cost models, the completion of self-driving technology through large-scale investment in AI, and the possibility of a robotaxi integrating them. Despite Tesla’s sluggish performance, it was the presentation of a vision for a new growth engine that really won the hearts of investors. Elon Musk called Tesla an “artificial intelligence and robot company” rather than an automobile company, indicating that it will achieve AI-led growth.
Tesla’s starting point for artificial intelligence was the FSD (Full Self-Driving) system. Tesla revealed that it was investing in artificial intelligence technology by burning huge amounts of cash. In fact, Tesla reported surplus cash flow of only $441 million in the first quarter, down sharply from $2.06 billion in the previous quarter.
In conclusion, I think we’re making a perfect transformation as an Ai company. That expectation saved Tesla, which was falling into the basement.
Tesla News Summary Prepares For Big Up Again U.S. Non-Lunch Series Tesla Model Y Test…
Tesla News Summary That Shareholders Can't Hold Back Now Elon Musk's Full Self-Driving Tesla Starts…
Continuing Tesla News Summary Elon Musk Announces Official Merger Of xAI And X - Building…
Tesla News Summarizes Shares Are Bouncing Back Tesla Model Y Sold Out In Major U.S.…
25/3/22 #Tesla News Summary U.S. Attorney General Charges 3 With Destruction Of Tesla BuildingU.S. Attorney…
Elon Musk announced that 22 new Optimus robot hands and new forearms are now in…