Tesla Shifts Focus to AI, Unveils Q1 2024 Earnings
AI Products Take Center Stage
Tesla has announced that its primary focus going forward will be on artificial intelligence products, including its FSD Bot and general AI training systems for vehicles.
Q1 2024 Earnings Release
Key Highlights
Tesla has released its financial results for the first quarter of 2024, showcasing strong growth in both automotive and energy businesses.
Total revenues reached $21.3 billion, driven by a surge in automotive sales. Automotive revenues alone accounted for $19.2 billion.
The company reported a net income of $5.2 billion, representing a significant increase from the previous year.
Upcoming Earnings Call
Tesla's Q1 2024 earnings call will take place on April 23, 2024, allowing investors to delve into the financial performance and future plans.
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