Tesla’s latest earnings call came with lower profit margins despite the highest sales ever. Tesla’s price-cutting campaign results in more cars being sold than ever before, but investors prefer profits. Elon Musk’s response was that he favored sales when the economy cooled, and of course FSD was here to save the day. Now, Elon Musk has made the same promise again; fully autonomous driving.
According to Technoking, Tesla likely Will launch FSD this year and will make substantial profits as a result. These profits, in turn, should improve profitability and alleviate some of the stress that aggressive price cuts place on the company’s balance sheet.
On the one hand, we have to admit that it sounds like a broken record. Almost every earnings call, FSD’s in the next few months comes with the promise that it will be released. Autopilot Since 2014, when it first saw the light of day, we have been promised that fully autonomous driving will be just a few months away. In case you haven’t noticed, the year is 2023 and Autopilot has been reduced to parking duties while stuck in the FSD Beta.
On the other hand, Tesla autopilotWhen he introduced ., we thought the future was in diesel-powered cars. The world laughed at Musk and his electric cars, and Toyota executives probably made a piñata in Elon’s shape and smashed him at every board meeting. The world has changed now.
Tesla faces several legal hurdles, is being investigated and sued for FSD’s shortcomings. Tesla’s legal team is working serious overtime, and there’s absolutely no doubt that serious mistakes were made along the way and that the FSD was rushed, people weren’t prepared for how bad it was. Just too much promised and under-delivered.
Basically, FSD fully ready When it arrives, the price of each Tesla will increase by $15,000. How many people will say “No, I don’t want FSD”? While the prices of vehicles have already dropped as much as $15,000, and in some cases even more, FSD will appear to be free – and that’s it. Tesla’s clever plan.
Lower prices, sell more cars, and then load up for $15,000 that feels like it doesn’t cost anything. Whatever you say about the man, he stepped in and Tesla’s balance sheets are about to rise. Unless FSD happens last year, like it did a year ago and a year before that…