Elon Musk made it clear during a Tesla conference call that Tesla is fundamentally an AI company, not just a car company. He emphasized the importance of Tesla’s AI work and robotaxi plans in determining its market value, urging investors to believe in these aspects in order to invest in Tesla stock. Musk compared the transition from traditional cars to “smart cars” to the shift from flip phones to smartphones, highlighting the intelligence in Tesla’s cars and headquarters as the key to changing the world and setting Tesla apart from other companies.
Musk also addressed questions about his role in the company, stating that even if he were to leave Tesla, the company would still be able to solve autonomy and continue its progress towards robotaxi capability. This highlights the ongoing development in Tesla’s Full Self-Driving (FSD) technology and the company’s commitment to advancing AI in the automotive industry. Musk’s confidence in Tesla’s ability to excel in autonomy even without his leadership emphasizes the importance of the company’s FSD approach and AI work in driving its success.
Throughout the call, Musk emphasized the significance of experiencing Tesla’s FSD 12.3 technology firsthand in order to truly understand the company’s potential. He urged investors to test the FSD technology to gain insight into Tesla’s unique approach to AI and autonomous driving, emphasizing the company’s focus on innovation and technological advancement. Tesla’s commitment to pushing the boundaries of AI and robotics in the automotive industry sets it apart from traditional car companies and positions it as a leader in the field of intelligent transportation.
Musk’s comparison to Nokia dominating the phone market with flip phones before the rise of smartphones underscores his belief that Tesla’s AI and robotics work will revolutionize the automotive industry. He suggested that Tesla’s market value should be based on its advancements in AI and the potential of its robotaxi plans rather than just traditional car sales. This shift in perspective from viewing Tesla solely as a car company to recognizing its AI capabilities highlights the company’s commitment to innovation and technological advancement in the electric vehicle market.
Overall, Musk’s statements during the Tesla conference call underscore the importance of Tesla’s AI work and robotaxi plans in determining the company’s market value and long-term success. By positioning itself as a leader in AI and robotics within the automotive industry, Tesla aims to revolutionize transportation and drive significant growth in its market value. Investors and analysts are urged to consider Tesla’s FSD technology and AI advancements when evaluating the company’s potential for future success, highlighting the importance of innovation and technological advancement in shaping Tesla’s position in the market.