To combat a slowdown in EV sales, the company has shifted focus over the past few months to its artificial-intelligence efforts such as its Robotaxi and Optimus humanoid robot.
Shares of Tesla were down more than 6%, ending 11 straight sessions of gains that had pushed the stock up 44%.said, citing sources, that Tesla had canceled its long-promised inexpensive car but would continue developing self-driving robotaxis on the same small-vehicle platform.
During the call, he outlined ambitious visions for diversifying Tesla’s business into artificial intelligence, humanoid robots, and operating a fleet of millions of autonomous vehicles – all based on software and hardware products the automaker has not yet fully developed. Shari Redstone flashes Amex gold card, Jeff Bezos brings Lauren Sanchez to 'summer camp for billionaires' in Sun Valley
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