Overview
Tesla has made a $2 billion investment in its artificial intelligence firm, XAI, to enhance efficiencies and manage its autonomous vehicle and robot fleets. This move comes as Tesla shifts focus from traditional car manufacturing to robotics, discontinuing the Model S and Model X. The investment aims to support the development of Optimus robots, with plans to produce 1 million units annually. Despite a 3% revenue decline, Tesla exceeded Wall Street expectations with $24.9 billion in revenue for the fourth quarter.
Products
Loading...
Recent Deals
$2000M
Tesla has made a $2 billion investment in its artificial intelligence firm, XAI, to enhance efficiencies and manage its autonomous vehicle and robot fleets. This move comes as Tesla shifts focus from traditional car manufacturing to robotics, discontinuing the Model S and Model X. The investment aims to support the development of Optimus robots, with plans to produce 1 million units annually. Despite a 3% revenue decline, Tesla exceeded Wall Street expectations with $24.9 billion in revenue for the fourth quarter.