4 Key Takeaways From Tesla's Earnings Call

Tesla (TSLA) CEO Elon Musk and different executives connected Tuesday discussed nan postponement of nan company's "robotaxi" arena to October and its plans for accumulation of a new, much affordable conveyance that could commencement adjacent year.

The electrical conveyance shaper reported disappointing 2nd 4th earnings aft nan doorbell up of its quarterly telephone pinch analysts. The results sent nan shares little successful precocious trading, adding to a 2% nonaccomplishment successful nan regular convention that sent nan shares backmost into nan reddish year-to-date.

Robotaxi Event Delayed to Oct. 10

Musk connected nan telephone confirmed reports that from earlier this month that nan planned day for its robotaxi arena had been delayed from August to October, providing a caller date: Oct. 10.

The arena was originally scheduled for Aug. 8. Musk had previously confirmed nan delay, citing what he called an "important creation change." Musk connected Tuesday said it was unclear erstwhile past vehicles would beryllium connected nan roads, citing nan timeline of nan improvement of nan company's self-driving software.

Musk discussed plans for an "Airbnb connected wheels," pinch robotaxis divided betwixt a Tesla-owned fleet that tin beryllium ordered done nan Tesla app and consumer-owned Tesla vehicles that could supply "instant scale." Tesla owners would beryllium capable to let their cars to springiness rides for different customers, past telephone them back, pinch Tesla taking a information of nan gross generated by those rides.

More Affordable Model Likely for First Half of 2025

Musk said Tesla is still moving to create a "more affordable model" that could statesman accumulation successful nan first half of adjacent year. The institution said successful its net merchandise that much affordable models are expected to beryllium built connected nan aforesaid manufacturing lines arsenic Tesla's existent models.

Analysts person estimated that astir half of nan car-buying marketplace exists beneath $30,000 and said that a lower-cost exemplary could make Tesla much competitory pinch Chinese manufacturers already making cars beneath that value point.

'Optimus' Robot to beryllium Used successful Tesla Factories successful 2025, Sell to Other Factories successful 2026

Musk provided much item aft a station connected X helped send Tesla banal higher Monday, saying nan institution plans to person an unspecified number of Optimus robots performing tasks successful Tesla factories adjacent year.

The institution besides plans to summation accumulation of nan robots adjacent year, pinch nan extremity of trading nan robots successful 2026. Musk has said successful previous net calls that nan robots could someday beryllium Tesla's most valuable product, arsenic he believes location is "no meaningful limit to nan size of nan economy" for a robot that tin execute mundane tasks connected command.

Major Automakers Interested successful Licensing Full-Self Driving Technology

Musk said "a few" awesome bequest automakers person expressed liking successful licensing Tesla's self-driving software, but declined to remark further connected negotiations.

Traditional car makers person announced a number of partnerships pinch EV manufacturers over nan past year, suggesting that different automakers are consenting to partner to beforehand their efforts.

A licensing statement would apt return "several years" to lend to Tesla's gross arsenic it would return clip for a bequest automaker to adopt nan basal package and camera exertion that Tesla uses, Musk said.

Musk besides said nan institution is preparing to petition regulatory support for nan latest versions of its supervised aforesaid driving package from regulators successful Europe and China "pretty soon." He said he expects those approvals by nan extremity of nan year.