During the #Tesla $TSLA earnings conference call, CEO @elonmusk #Elon Musk said the company is more than doubling down on autonomy, and it will see a payoff from investments in #AI. He said there is a path for #Tesla $TSLA to have a market cap more than the next five most valuable companies combined. #Musk pointed to the potential for an "epic" 2026 and a "ridiculous" 2027.

Musk noted an #autonomous fleet could see vehicles utilized an average of 55 hours per week, vs. the current average for vehicles to be utilized just ten hours a week on average. As a first step, Musk said Austin will see an initial launch of unsupervised FSD in Austin in June. He also reiterated once again the huge upside for the #Optimus humanoid #robot, but dialed down production expectations for 2025. 

In terms of vehicle production and deliveries, Musk noted a #battery pack constraint, but did not offer specific full-year guidance.
#Tesla #TSLA #Elon #AI #Tesla #TSLA