Tesla (TSLA) CEO Elon Musk held all the improvisations on Thursday night, trying to ease the CEO was ignoring his post, while keeping an update on the progress of many products.
Tesla stocks have been freefalling since the beginning of the year, with sales slipping down in major regions such as Europe and China, as well as the US. The switch to the new Model Y SUV is seen as a sales resistance, but Musk’s intimacy with President Trump and acceptance of European right-wing politicians have suffered Musk, and the Tesla brand. The US and overseas protests at Tesla showrooms are growing, as are Tesla EV vandalism.
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After some opening remarks about Tesla’s milestones and some quick updates (7 million EVs generated and some quick updates, including the new Model Y status, Musk spoke to the elephants in the room.
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“When you read the news, it feels like Armageddon. You can’t pass the TV without Tesla on fire,” Musk said. Protesters mention that they burned Tesla’s vehicle with vandalism with dealers at the supercharger location. “I understand if you don’t want to buy our products, but you don’t need to burn it. That’s a bit unreasonable.”
Tesla CEO Elon Musk will speak at the employee’s town hall Thursday night. ・x.com
Musk and Attorney General Pam Bondi have labelled the attack as domestic terrorism, and Bondi claims that swift retaliation is coming for the perpetrators.
Overall, Musk argued that the news was “good” for Tesla, urging employees and others to hold Tesla stock.
“Autonomic Teslas is everywhere. Maybe five years later, we’ll get regulatory approval, I think globally, so you have an autonomous Teslas that will take people on travel on every continent.
The bets on Robotaxis and autonomous driving are one of the key catalysts for Tesla’s future growth, and Musk once again laid out his bold vision. However, the company has come a long way from its future, with the latest news that California has issued a preliminary permit for Tesla to begin riding tests with drivers.
The key to the company’s autonomous vision is CyberCablo Botakshi, which is scheduled to be produced in 2026. Musk said the factory is already beginning to prepare for production using “non-boxed” assembly technology, similar to “high-speed appliance lines,” rather than car production lines.
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Tesla is shown burning at the Tesla crash center after an individual burned several vehicles in Las Vegas on March 18th. (Ethan Miller/Getty Images) ・Ethan Miller via Getty Images
“The line moves very quickly and people can’t even get close to it. I think we can eventually produce a car in under five seconds,” Musk added.
Speaking of future product production, Musk added that Tesla will build “the first Optimus on Fremont’s Optimus production line,” and that in 2026 humanoid robots will be able to sell to Tesla employees after use by internal companies.
“We hope to be able to build around 5,000 Optimus robots this year,” Musk achieved its 50,000 robot goal in 2026.
“But it’s a whole new product, so it’s all new. I think if you get half the 10,000, it’s a success, but even with 5,000 robots, that’s the size of the Roman legion,” Musk said.
Back here, Musk predicted that the company’s most important current product, the Tesla Model Y, will become the world’s top selling car following the new update.
The softness of data points like the new car registration and mask era in Washington has raged on Tesla stocks.
People are watching Tesla’s Optimus Humanoid Robot at the 2024 Band Technology Conference on Band Technology for a sustainable future at Huangpu World Expo Park, held in Shanghai, China on September 5, 2024. (Long wei/vcg via Getty Images) ・VCG via Getty Images
“It’s very difficult for people on the stock market, especially those who are most people looking at the rearview mirrors, to imagine a future where a fleet of 10 million vehicles is five to ten times more useful,” Musk continued. “So what I’m saying is to stick to your stock.”
The mask’s appeal to hold Tesla stock will buy Tesla stock on a valuation call, following Howard Lutnick’s eyebrow-raising call-up call-up.
Nevertheless, for now, at least for now, the Wall Street bulls are relieved to see their masks return to Tesla.
“The challenges for Musk and Tesla to navigate this period of instability remain obvious, but last night was the first step to do this for employees, shareholders and partners,” Wedbush analyst Dan Ives said in a note Friday morning. Ives had called on masks to address some of these issues earlier this week.
“Brands are key to Tesla and it is very important to make sure the current brand crisis does not change to Tesla brands’ permanent dark eyes,” Ives added.
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Pras Subramanian is a reporter for Yahoo Finance. You can follow him on X and Instagram.
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