Tesla Targets Large-Scale Autonomy by Mid-2026, Confident in Cost and Technology Edge

Earnings Call
04-23
Elon Musk expressed confidence that Tesla will achieve large-scale autonomy by mid-2026, with millions of fully autonomous Teslas expected to be operating in the second half of 2026. The company plans to launch paid fully autonomous rides in Austin in June 2025, expanding to many other cities by the end of 2025. Tesla sees its AI-based generalized solution as superior to competitors' approaches, citing its ability to adapt quickly to new environments with minimal location-specific data. Musk emphasized Tesla's cost advantage over competitors like Waymo, stating Tesla's autonomous vehicles will cost 20-25% of Waymo's.Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.

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