Tesla reported a disappointing Q2 with a 12% revenue drop, 13.5% fewer vehicle deliveries, and a 17.2% gross margin. Despite facing challenges, the company highlighted advancements in robotaxis and the Optimus humanoid robot. Tesla aims to reach half of the U.S. population by 2025 with its robotaxi service and plans to debut the Optimus 3 prototype by year-end.
Although Tesla faces challenges such as the upcoming end of EV credits and tariffs, the company remains committed to aggressive investments. Tesla plans to invest $9 billion this year in various projects, including Cybertruck expansion and AI infrastructure. Despite being bearish post-Q2 earnings, analysts maintain varied ratings on Tesla, with some seeing growth opportunities in its autonomy and robotics advancements.
Tesla is in a transitional period, facing revenue declines, policy headwinds, and shrinking margins. Investors optimistic about Musk’s promises of autonomy, robotaxis, humanoid robots, and affordable EVs may view the current pullback as a buying opportunity. However, risk-averse investors may opt to reduce exposure due to the expected “few rough quarters” ahead. Tesla unveils plans for a humanoid robot that will run on the same AI used in its self-driving cars. The robot will stand at 5’8″ and weigh 125 pounds, with a prototype expected in 2022. The robot is designed to perform tasks dangerous for humans.
The robot will have a screen for useful information, cameras for navigation, and eight cameras for human-like vision. It will also have a full self-driving computer with 144 TOPS of neural net processing power. The robot is expected to be friendly and navigate through a world built for humans.
Elon Musk claims the Tesla humanoid robot will be “profound” if it works. The reveal sparked excitement and skepticism in the tech world and beyond. Many are curious to see how the robot will function and what tasks it will be able to perform. The project is expected to revolutionize industries.
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