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Tesla Inc. engineering executive Lars Moravy said the company is in a “big swing moment” with its forthcoming products as he gave a wide ranging talk at a San Francisco Bay area gathering of customers and retail investors Saturday.
Tesla and its CEO Elon Musk are walking an increasingly difficult tightrope as the company navigates declining electric vehicle sales and an autonomous driving business that has yet to get off the ground.
Wall Street may be skeptical about Tesla’s upcoming quarters, but CEO Elon Musk made four surprising announcements that could be game-changers — if they prove true.
But if you just listened in on the company’s call with analysts, you would have no idea why. For an earnings call, there was zero talk of, um, earnings. And the overall message from Tesla’s top brass seemed to be: We are a robotics and AI company, and, someday soon, it’s going to be awesome.
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No slides was our first rule,” McNeil told the audience earlier this month at TC All Stage in Boston. “You have to be reviewing real product.”
Discover how the autonomous vehicle market could reshape mobility. Explore Tesla, Inc.'s bold vision vs. Alphabet Inc. progress. Click for more on TSLA and GOOGL.
Tesla's shares declined 1.74% for week, two days after posting lower profits for a third straight quarter amid increased competition and loss of tax credits.