Tesla (NASDAQ:TSLA) posted a disappointing Q4 earnings report, but CEO Elon Musk painted a bullish picture of the company’s future, emphasizing self-driving technology and artificial intelligence.
Musk outlined Tesla’s ambitious plans for autonomous driving, robotics, and new vehicle production. Musk announced that Tesla is set to launch fully autonomous, unsupervised self-driving vehicles in Austin, Texas, as soon as June. He also reaffirmed the company’s commitment to its Optimus humanoid robot, with commercial sales expected to begin by 2026. Additionally, volume production of the highly anticipated Cybercab robotaxi is slated to kick off in the same year.
Further bolstering investor sentiment, Musk revealed plans for a new, more affordable Tesla model set to enter production in the first half of 2025. He expects the vehicle segment to return to growth that year, calling 2025 a "seminal year" that will lay the foundation for an "epic" 2026 and an even stronger trajectory through 2027 and 2028.
Musk went as far as to suggest that Tesla has the potential to become the most valuable company in the world, surpassing the combined market capitalization of the top five firms globally.
His bold predictions helped offset the initial negative reaction to Tesla’s weaker-than-expected fourth-quarter earnings, as investors focused instead on the long-term vision Musk laid out for the company’s future.
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