Tesla reported an uptick in quarterly revenue and profit, but the costs of pivoting to an AI future are starting to add up.
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Tesla EV stations in Saint-Herblain in western France on April 15. Photo: Loic Venance / AFP via Getty Images
Tesla reported an uptick in quarterly revenue and profit, but the costs of pivoting to an AI future are starting to add up.
Why it matters: CEO Elon Musk has directed the company to invest heavily in the development and production of humanoid robots, self-driving cars and AI chips.
Wall Street analysts called Tesla's pivot toward AI and robotics and away from automobiles the most important takeaway from its…
Figures fail to significantly buoy stock as firm admits ‘significant effort and hard work’ needed to achieve goals
Electric car company to invest $2bn in artificial intelligence start-up as part of pivot away from auto market.
Company's traditional EV business has declined for the past two years
Elon Musk’s electric-car maker invests $2bn in the billionaire’s xAI
AI is driving up the price of working and playing.
