Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk emphasized that the company should be recognized as an AI or robotics company rather than just an auto company.
What Happened: Musk made these comments during Tesla’s Q1 earnings call on Tuesday. He pointed out that Tesla’s sales drop in China was less than that of its competitors, saying it was better off than its competitors during the March 2024 quarter.
But beyond that, Musk thinks Tesla should be looked at as an AI and robotics company, not just an auto company.
"I think Cathie Wood said it best, like really, we should be thought of as an AI or robotics company." Earlier this month, Wood said Tesla is the "biggest AI project" in the world.
"If you value Tesla as just like an auto ...