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Elon Musk investor call: 5 crucial insights on Tesla, from Robotaxi to Optimus

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Elon Musk investor call: 5 crucial insights on Tesla, from Robotaxi to Optimus

Tesla's first-quarter net income dropped by 55%, but stock rose 11% after CEO Elon Musk announced plans to speed up production of new, more affordable vehicles. Musk promises to begin production of smaller, cheaper models earlier than expected, including the Model 2 small car priced around $25,000. He expressed confidence in surpassing last year's vehicle sales figure of 1.8 million units. Musk also declared Tesla's transition into an artificial intelligence company, highlighted its robotaxi and AI initiatives, and mentioned discussions about licensing Tesla's Full Self Driving features with another automaker. Additionally, he hinted at the development of a Tesla humanoid robot named Optimus.

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