"Musk kicked off the call, reiterating his clear goal for Tesla: full autonomous driving. "We're at a critical inflection point for Tesla and our strategy going forward as we bring AI into the real world," said Musk during his opening remarks. "I think it's important to emphasize that Tesla really is the leader in real-world AI." The CEO said that FSD and robotaxis will change the transportation sector"
"The CEO said that FSD and robotaxis will change the transportation sector and that he is "100% confident" that the company can solve unsupervised full self-driving at a "safety level far greater than a human." Musk added that there are billions of Tesla cars that are capable of becoming fully self-driving vehicles with a software update, and that he plans to expand production as fast as the company "reasonably can.""
"Musk estimates that he expects robotaxis in a large part of Austin to be free of safety drivers by the end of the year, as well as for robotaxis to be operating in "eight to ten metro locations" by the end of the year, including in Nevada, Florida, and Arizona."
Profits and adjusted EPS missed Wall Street expectations. Third-quarter revenue reached an all-time high and exceeded forecasts after a record number of vehicle deliveries. Shares sank after the profit miss and fell further in after-hours trading. Tesla emphasized a full-autonomy focus, claiming leadership in real-world AI and aiming for unsupervised full self-driving at safety levels greater than humans. Musk projected robotaxis running without safety drivers in parts of Austin and in eight to ten metro locations by year-end. The company urged approval of Musk's proposed $1 trillion pay package.
Read at Business Insider
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