Tesla has started production of Optimus, a humanoid robot that learns tasks by observing humans rather than relying on pre-written code. CEO Elon Musk highlighted that unlike other robots, Optimus can perform generalized tasks by learning from continuous video footage of factory workers. Tesla faces challenges scaling production due to the lack of an existing supply chain, prompting in-house manufacturing and partnerships with suppliers like Samsung and Micron. Meanwhile, Tesla's robotaxi program has driven 380,000 miles without incidents, validating the learning-based approach. Optimus aims to surpass human dexterity and will be a key test of Tesla's AI-driven robotics technology.
Tesla's stock dropped 14.1% following a quarterly earnings report that beat revenue estimates but fell short on earnings per share, leading to an $18.6 billion decrease in Elon Musk's net worth. Analysts criticized Tesla's heavy spending on AI and ro...
The S&P 500 dropped below its 50-day moving average amid a selloff driven by oil prices hitting $100 per barrel and rising U.S. Treasury yields, which pushed the 10-year yield to 4.70%. This spike increased fears of Federal Reserve interest rate hike...
Tesla reported strong vehicle delivery growth and increased Full Self-Driving (FSD) subscriptions in Q2, but profitability declined due to lower average selling prices and higher expenses. The company’s future growth potential remains promising with ...
Tesla's Robotaxi service saw a 36% decline in miles driven for paying customers in Q2 compared to Q1, falling from 1.1 million to about 700,000 miles. This drop occurred even as Tesla expanded its Robotaxi fleet to six cities in Texas and Florida. CE...
Tesla posted revenue growth in Q2 but missed earnings per share expectations, with operating margins dropping sharply to 1.4% and free cash flow turning negative. The company’s costly projects like Optimus, Cybercab, and Megapod lack clear profitabil...
