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. CEO Elon Musk explained the slow growth is due to the need to gather specific driving data for the upcoming Cybercab model before scaling the fleet. Tesla also emphasized safety concerns as a priority, with no notable incidents reported during autonomous driving miles. Despite the setback, Tesla remains optimistic about rapid future growth in its Robotaxi operations.
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 contin...
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 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...
Tesla's Q2 deliveries were overwhelmingly led by Model 3 and Model Y, making up over 97% of total deliveries. Despite strong growth in energy storage, Tesla faces margin pressure due to rising input costs and growing competition, particularly from Ch...
Tesla achieved its highest-ever Q2 vehicle deliveries, but despite this, the company's earnings declined and gross margins compressed to 16.3% excluding credits. The delivery boost was driven by drawing down inventory and offering heavy financing sub...
