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Tesla just made it clear: It's no longer a car company [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Musk's sentiments essentially indicated a crossing of the Rubicon, laying the groundwork for Tesla's departure from being a car company into an embodied AI future. Gone are some of the company's most famed EVs, and in their place are more self-driving cars, robotaxis, and, of course, robots. "Forget the Tesla you knew. The Tesla of yesterday is gone," Canaccord Genuity analyst George Gianarikas wrote in a note on Thursday. "We believe Elon Musk has reached a definitive burn-the-ships inflection point, a total commitment to a vision that leaves no room for retreat." “The company is burning the boats, pinning its future on autonomous cars and robots,” added Piper Sandler's Alex Potter. Part and parcel to Tesla's future growth story is the creation of six new production lines to make new products such as the Cybercab robotaxi and its Optimus robots. But that also means retiring two of the company's most important products — the Tesla Model S and Model X. “It's time to basica
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