Tesla Shifts Focus From Cars to AI and Autonomous Technologies Amid Challenges
Elon Musk emphasizes the future of Tesla in AI and self-driving tech, despite recent setbacks including falling sales and market share.
- Elon Musk's lack of interest in traditional car manufacturing is evident as Tesla faces declining sales and market share.
- Tesla's Q1 2024 earnings call highlighted a shift towards AI and autonomous driving technologies.
- Investors react positively to Tesla's plans for more affordable models and the use of existing production lines.
- Tesla continues to lead in EV sales in the U.S., but faces increasing competition from other automakers.
- The company is also focusing on energy storage and power provision, potentially transforming into a utility provider.
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