San Francisco, California – In a recent conference call, Tesla CEO Elon Musk discussed the company’s strong performance in the second quarter of 2024, highlighting the growth in electric vehicle adoption. Musk emphasized the importance of electric vehicles and expressed confidence in the future of electrified transport.

During the call, company executives discussed various topics, including the impact of competition in the electric vehicle market, record quarterly revenues, and advancements in energy storage deployments. Musk also touched upon the company’s focus on autonomy, detailing plans for the release of more affordable models in the future.

The discussion delved into the progress of Tesla’s Full Self-Driving technology, with Version 12.5 expected to bring significant improvements. Musk expressed optimism about transitioning from supervised to unsupervised full self-driving, unlocking the potential for autonomous vehicles and humanoid robots like Optimus.

The executives also provided updates on the development of Optimus, a generalized humanoid robot, and its integration into Tesla’s manufacturing processes. They highlighted the company’s focus on innovation and efficiency in producing electric vehicles, energy storage solutions, and autonomous technologies.

Regarding regulatory approvals for Robotaxi deployment, Musk and other executives clarified that Tesla’s autonomous technology is designed to be a universal solution that can adapt to various regions. They emphasized the scalability of Tesla’s autonomous fleet and the potential for instant scale through software updates.

In response to questions about energy storage and potential regulatory changes, the executives stressed Tesla’s focus on providing value to customers and adapting to market conditions. They highlighted the company’s strong position in the market and its commitment to delivering integrated energy solutions.

Overall, the conference call shed light on Tesla’s strategic vision for the future, emphasizing the importance of autonomy, electrification, and innovation in the transportation and energy sectors. Musk and his team reiterated their commitment to leading the way in advancing sustainable technology and reshaping the automotive industry.