What Elon Musk Said About Tesla's Timelines for Robots, Autonomous Rides and More
· InvestopediaInvestors interested in what Elon Musk says is ahead for Tesla (TSLA), rather than the company’s latest numbers, got some fresh information from the electric vehicle maker’s CEO yesterday.
On Tesla’s conference call Tuesday, Musk offered up new timelines for developments ranging from robot production to autonomous rides. Those comments, which included a pledge to spend less time on government work, followed the release of first-quarter financial results that included a 20% year-over-year drop in auto revenue.
Here's a summary of four of Musk's latest pronouncements:
- Autonomous rides: Musk said Tesla expects to be selling fully autonomous rides in Austin, Texas, in June, with that business expanding to other cities this year and becoming financially material in the second half of 2026.
- Unsupervised, self-driving, personally owned cars: That, Musk said, should be available in “several” U.S. cities by the end of 2025, with the goal being “Can you go to sleep in your car and wake up at your destination?” (Musk also said some new Model Y vehicles could deliver themselves to their buyers sometime this year.)
- Lower-priced Teslas: The company plans to release more affordable Tesla models this year, Musk said.
- Optimus robots: Musk said he expects “thousands” of Optimus robots working in Tesla factories by the end of 2025. He said he feels confident that the company will be producing 1 million of the robots a year by 2030.
“We must execute well,” Musk said on the call, a transcript of which was provided by AlphaSense. “But if we do execute well, I think Tesla will be the most valuable company in the world by far.”
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