Tesla Inc. (NASDAQ:TSLA) recently held its Q1 2024 Earnings Conference Call on April 23, 2024, where key executives including Elon Musk discussed the company’s performance and future plans. The conference call, which took place at 5:30 PM ET, saw participation from several analysts from top firms like Bernstein, Morgan Stanley, and Goldman Sachs.
During the call, Musk highlighted the challenges faced by Tesla in Q1, while also discussing the growth of the energy business and advancements in AI training capacity. He also touched upon the upcoming vehicle lineup and the progress of full self-driving (FSD) Version 12, as well as the reduction in FSD subscription prices. Musk even mentioned an upcoming demonstration of a robotaxi.
The team also discussed cost reductions, headcount reductions, and preparations for future growth and profitability. They mentioned the potential for licensing FSD technology to other automakers and expressed optimism about achieving regulatory approval for autonomous vehicles in various markets.
Additionally, the production ramp of the 4680 cells, the potential for distributing inference compute from Tesla vehicles for other workloads, and the evolving battery supply market were also discussed. Martin Viecha, Tesla’s VP of Investor Relations, announced his departure after seven years with the company, with Musk commending him for his contributions.
Overall, the conference call provided valuable insights into Tesla’s current status and plans for the future, showcasing the company’s commitment to innovation and growth in the electric vehicle and technology industries.
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