Tesla's future success may rely more on AI and FSD software than electric vehicles.

From Nasdaq MarketSite: 2024-06-25 05:02:00

Electric vehicle sales make up 81% of Tesla’s revenue. AI, not EVs, may be the key to Tesla’s future success. The company’s FSD software has already completed billions of real-world miles. Tesla delivered 386,810 cars in Q1 2024, facing pricing pressures but plans to launch an entry-level model in 2025. Musk aims to create a robotaxi network, with FSD software as a key revenue driver. Wall Street estimates Tesla will generate $98.4 billion in revenue in 2024, but Ark Investment Management predicts $1.2 trillion by 2029, with robotaxis contributing 63% of revenue. skeptics question Ark’s ambitious financial models, highlighting regulatory and adoption challenges facing Tesla’s robotaxi and FSD software.



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