Key Highlights
- Profit Decline: Tesla’s profit dropped by 45% in Q2 compared to last year.
- Production and Sales: Tesla produced 410,831 cars and delivered 443,956 in Q2 2024.
- Robotaxi Delay: The reveal of Tesla’s robotaxi has been delayed to October 10.
- Full Self-Driving: Unsupervised full self-driving is expected to debut next year.
- Tesla Roadster: Production is set to start in 2025.
Tesla’s Profit Down for Two Quarters, Robotaxi Delayed
Tesla has reported a drop in profits for the second consecutive quarter. This information was shared during a recent earnings call with CEO Elon Musk, who also provided updates on the company’s upcoming projects and financial performance.
Exterior Design
Tesla is known for its sleek, modern car designs, and the upcoming robotaxi will be no different. Elon Musk mentioned that the delay in the robotaxi’s reveal is to make some important improvements.
Interior Features
While specific details about the robotaxi’s interior have not been revealed, it is expected to offer the same high-quality, tech-focused features seen in other Tesla models. These likely include a minimalist dashboard, large touchscreen display, and premium seating.
Engine and Performance
Tesla continues to make progress in full self-driving technology. Musk announced that version 12.5 of the Full Self-Driving (FSD) software is rolling out, with significant improvements. The first unsupervised full self-driving ride is anticipated next year.
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Competition
Tesla faces strong competition from other electric vehicle (EV) manufacturers who are also offering significant discounts on their models. This has made it challenging for Tesla to maintain its market share.
Price
To boost sales, Tesla has reduced prices on new models. However, specific price details for the robotaxi and other upcoming models have not been disclosed yet.
Future Prospects
Musk highlighted that Tesla’s focus on autonomy will set it apart from competitors. The company is working on a more affordable model, expected to launch in the first half of next year. Although details are scarce, this model could appeal to a broader range of buyers.
Tesla Roadster
The Tesla Roadster, a highly anticipated sports car, is set to begin production in 2025. Musk mentioned that most of the engineering is complete, and the car will feature some exciting upgrades.
Rivian Legal Battle
In other news, Rivian Automotive will face trial over allegations of trade secrets theft from Tesla. A judge in California has ruled that there is enough evidence for the case to proceed to trial.
Acknowledgment
The information in this article is based on a report by the New York Times and Reuters.
With over 7 years of experience in the field of content writing, Saman Nawaz has become a seasoned professional in her craft. As a Feature Writer at showroomex.com, she demonstrates expertise in creating timely news pieces and conducting thorough analyses within the automotive industry. Her proficiency lies in crafting up-to-date content that delves deep into the intricacies of the auto sector, providing readers with insightful perspectives and comprehensive information.Full Bio