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Home Market dynamics

Elon Musk says he's willing to reduce profits in exchange for sales growth and license fully autonomous driving technology to other automakers

Author: Mash Yang
2023-07-20
in Market dynamics, Life
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Tesla announced earlierSecond quarter financial results for fiscal year 2023Revenue reached $249.3 billion, a 47% increase year-over-year, while net profit reached $27 billion, a 20% increase. Tesla CEO Elon Musk stated during the earnings call that the company would reduce profits in exchange for sales growth and that he plans to license Tesla's fully autonomous driving technology to other automakers.

Elon Musk says he's willing to reduce profits in exchange for sales growth and license fully autonomous driving technology to other automakers

Before this, Tesla hadAnnounce2023年第二季的電動車產能增加至47萬9700輛,交車輛則增加至46萬6140輛,相比去年同期約成長5%。

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The increase in sales is mainly due to the stimulating effect of factors such as previous price cuts. In addition, US government subsidies and reduced component costs also help adjust vehicle prices, which has led to an increase in Tesla's recent vehicle sales.

At the same time, Tesla said it has completed the assembly of its first electric truck Cybertruck at the Austin Gigafactory in Texas, and it is expected to enter mass production as early as the second half of this year, but it may only be produced in small quantities this year, and mass production will not begin until at least 2024.

Regarding its fully autonomous driving system, Elon Musk said at the financial report meeting that it will be licensed to other automakers and has already negotiated with a major OEM for its use. Recently, Tesla has also used its own charging specifications asNorth American charging standards (NACS), and has collaborated with Volkswagen, Verge Motorcycles, Polestar, Volvo and other manufacturers to introduce and use it.

Tags: CybertruckEV carTeslaelectric car
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Mash Yang

Mash Yang

Founder and editor of mashdigi.com, and student of technology journalism.

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