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Elon Musk say he will show off Tesla ’s determination - built “ robotaxi ” prototype during an event October 10 , afterscrappinga previous plan to reveal it August 8 . Musk suppose Tesla will also show off “ a span of other thing , ” but did n’t explain what that meant .
“ Moving it back a few months tolerate us to improve the robotaxi , as well as add in a duet other thing for the product unveil , ” Musk said during the call .
The Tesla robotaxi — and the “ unsupervised ” full self - driving software package that Musk says will escape them — is at the heart of the fellowship ’s future . in the first place this year , he laid off more than 10 % of Tesla ’s global stave in a bid to reorganize the fellowship toward developing artificial intelligence - powered products , including a “ balls to the wall ” push toward developing self-sufficiency .
That AI - focused future is bumping up against the fellowship ’s elemental profit center of sell electron volt , though . Tesla reported Tuesday that it made$1.5 billion in profitfor the 2d quarter of 2024 , down 45 % from the same full point last year . That profit was pad by a record $ 890 million in regulatory citation sales , too , though Tesla reported a $ 622 million restructuring charge that drag down its salary . And while full revenues were up 2 % year - over - yr , automotive revenues dropped 7 % to $ 19.9 billion .
This execution follow what was already a rough jump to the year for Tesla , where it saw a 55 % year - over - year drop in profit in the first one-quarter .
The company is now looking at a real possibleness of sell fewer eV in 2024 than it did in 2023 , which would interpret a stunning reversal of its prior growing trajectory . Tesla has massage this by telling investors that it is between “ two major growth moving ridge , ” pinning hopes of more sale on the unexampled ( but polarizing and expensive ) Cybertruck , and cryptic future models that could be sold at a grim MSRP .
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That ’s all “ in the dissonance , ” though , agree to Musk . Tesla ’s long - term value lie in in autonomy and autonomy alone , he stressed on Tuesday ’s call . That include the ship’s company ’s humanoid automaton effort , dubbedOptimus , which get a sneaky delay this workweek . But it mostly centers around Musk ’s longest running game promise that he has yet to rescue on : ego - push back gondola .
With that in head , Musk tried to concentre investors ’ aid to the October 10 result . Not much is publicly known about what Tesla will show off , though there was anillustrationof a small robotaxi epitome in the biography of Musk written by Walter Isaacson in 2023 .
Musk has talk about take a leak the fomite available to people through Tesla ’s app , alike to how Uber and Lyft operate . He ’s also claimed Tesla possessor will be capable to put their own cars on the shared internet once the company makes its Full Self - Driving software further enough to treat all driving — something it is still far from carry out , despite the name .
Despite years of promise , Musk has struggled to execute on the idea of in full ego - drive auto , and as a outcome Tesla is being sued by owners and investigated by legion regime agencies .
Asked on the call when Tesla would be able to offer its first unsupervised robotaxi drive , Musk said he consider it could be potential by the remnant of this year . But he added that it also could happen in 2025 , and that he is “ to a fault affirmative ” with his predictions .
This story has been updated with more details from Tesla ’s 2nd - quarter earnings call . The clause originally publish at 2:45 p.m. PT .
