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Elon Musk predicts AI will replace traditional coding by end of 2024, transforming software engineering.

Market News
08 Jun 2026
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Neutral
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Tesla CEO Elon Musk predicts that by the end of 2024, traditional human-readable coding will become obsolete as AI will directly create machine code. This shift could accelerate Tesla's autonomy and AI projects, including Optimus robots and AI processors. Supporting this, Anthropic reports AI now writes most of its code, with quality nearing human levels. Major tech firms like Microsoft and Alphabet are heavily investing in AI coding tools, signaling a rapid transformation in software development and potential job market shifts.

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Deutsche Bank keeps Buy on Tesla with $465 target, citing growth in autonomy and AI despite near-term earnings dip.

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Tesla Q2 2026 sales hit records but faces cash flow issues amid falling prices and heavy incentives

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