Tesla Earnings Call Focuses on AI as Musk Defends FSD
Elon Musk doubles down on Tesla's Full Self-Driving technology
Tesla reports first-quarter results after market close
Tesla's earnings call on April 23 found CEO Elon Musk doubling down on the company's Full Self-Driving (FSD) technology. Despite recent price cuts, production delays, and a recall of its Cybertruck, Musk remains confident in the long-term potential of FSD.
Tesla's stock price has declined in recent months, but Musk attributed this to broader economic factors rather than company-specific issues. He also announced that Tesla has received "record" orders for its vehicles, despite the price cuts.
During the earnings call, Musk also addressed Tesla's recent recall of its Cybertruck. The recall was due to an issue with the truck's suspension system, but Musk said that the problem has been fixed and that production of the Cybertruck is still on track to begin later this year.
One notable change at Tesla is the resignation of Martin Viecha, the head of investor relations. Viecha left the company at the end of the earnings call. No reason was given for his departure.
Despite the challenges, Musk remains optimistic about Tesla's future. He said that the company is well-positioned to benefit from the transition to electric vehicles and that FSD will be a "major force" in the automotive industry.
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