During Tesla’s Q4 2023 earnings call, Elon Musk emphasized the company’s AI initiatives and their potential impact on Tesla’s future. Musk positioned Tesla as more than just an automotive company, describing it as an “AI/robotics company” with significant developments in autonomous driving and robotics. He stressed that investors who view Tesla solely as a car company are missing the bigger picture of its AI capabilities. Musk highlighted the development of Full Self-Driving (FSD) technology, predicting it would become the most valuable software asset globally. He expressed confidence in achieving full autonomy by 2025, suggesting this would transform Tesla into “by far the most valuable company in the world.” The CEO also discussed Optimus, Tesla’s humanoid robot project, projecting potential sales of 10-20 million units annually. Musk emphasized the significance of Tesla’s custom AI hardware and software development, including the Dojo supercomputer project. Despite Tesla’s stock experiencing a decline following lower-than-expected earnings and growth forecasts, Musk maintained an optimistic outlook centered on AI advancement. The earnings call revealed Tesla’s strategic pivot toward positioning itself as a leading AI technology company, with autonomous driving and robotics as key growth drivers. This marks a significant shift in Tesla’s market positioning and future revenue strategy.
Source: https://www.businessinsider.com/elon-musk-tesla-stock-earnings-call-quotes-fsd-optimus-ai-2025-1