The company is all-in with its Robotaxi service and Optimus Robots.
Tesla Diner and Drive-In open in Los Angeles with 80 chargers
Tesla is launching a 24-hour diner and drive-in in Hollywood, featuring 80 chargers, a movie screen and a comfortable food menu by chef Eric Greenspan.
- Tesla’s stock price has plummeted following its second quarter earnings.
- CEO Elon Musk shared several announcements about the company’s future in revenue calls.
- Tesla’s automotive business has become a hit as the company shifts its focus to other sectors.
Tesla (NASDAQ: TSLA) reported its revenue on July 23rd. Stock prices of Clean Energy and Electric Vehicle Company have fallen more than 9% since the market opened following the call to earnings. While Wall Street may not be keen on the company’s upcoming quarter, CEO Elon Musk has issued four surprising statements that could become a game-changer if proven true.
Musk has launched a call to praise Tesla’s launch of Robotaxi Autonomous Ride Hailing Service. The eccentric CEO has touched on several hot topics, including creating more affordable models and the future of the Optimus Tesla Bot.
Elon Musk says Tesla Robotaxi Service will become a national
Tesla Robotaxi will be launched in Austin, Texas, and is seeking approval in areas such as “The Bay Area of Arizona, Florida, Nevada, and more.” He went on to say, “I think by the end of the year, half of the US will have an autonomous ride.”
Regulatory approval and safety testing can be a major obstacle to preventing a company from achieving this goal. According to Yahoo Finance, the global autonomous taxi market could generate $1.3 trillion in revenue by 2030. Tesla aims to compete with Waymo for market share and become the leader in Tesla Robotaxi’s space.
According to Musk, your TeslaEV will be able to join the Robotaxi fleet
During the call, Musk also said Tesla owners will be allowed to add Tesla EVs to the Robotakshi fleet and earn income from participation in the Robotakshi service in 2026. This timeline is estimation, but there are techniques to achieve such feats. Tesla board members also discussed the development of future full-self-driving (non-supervised) autonomous driving modes that could help enable this vision.
Musk and board members did not further explain how Tesla owners could participate in the program, but the idea is interesting for several reasons. First of all, the prospect of your vehicle generating a revenue stream on its own is completely novel. Secondly, while it seems like an overstatement, Tesla has already made great strides in its semi-autonomous drive space. Robotaxi proves that it can generate fully autonomous EVs.
A more affordable Tesla EV is expected in Q4
When asked about Tesla’s more affordable EV timeline, Musk confirmed that Tesla has begun production with more affordable EVs in June. The new, affordable Tesla EV is a smaller iteration of the Model Y. There is a great demand for entry-level Tesla EVs, particularly considering the elimination of the $7,500 federal electric vehicle tax credit.
If tax credits are eliminated in September, EVs will be significantly more expensive. The most affordable Tesla EV today is the Tesla Model 3 Sedan ($42,490). The cheapest EV on the market for 2025 is the Nissan Leaf ($29,280).
Following the revenue call, the more affordable Tesla is scheduled for the 2025 quarter, based on sentiment from the board. The smaller, more affordable release of the Model Y could have a major impact on the market as there are no competitive EVs below $40,000.
Tesla Bot’s Optimus Rise
One of the wildest statements in the revenue call was about Optimus on Tesla’s robots and its development. Musk said the Optimus 3 design “has all the freedom you really want or need.” He went on to say, “If you didn’t roughly create 100,000 Optimus robots a month, you’d be shocked.”
Musk’s vision for Tesla goes far beyond that of a car company. Automakers are advancing things like robotics, self-driving cars, and EV charging infrastructure. The CEO once said that Tesla Optimus Robot could one day sell the car.
Following its second quarter revenue call, Tesla is in a period of adaptation and transformation. The company has significantly reduced revenues and adapted to a more competitive EV landscape.
Tesla is no longer the only game in town, with competitors like GM and Hyundai offering alternatives to consumers. The company is looking to the future as investors are impacting the current issues in the automotive business.
