Tesla Shifting Focus to AI Products, Slowing Vehicle Production
AI becomes priority for Elon Musk's company
Tesla, the electric vehicle and clean energy company founded by Elon Musk, has announced a strategic shift in its business focus. According to the company's Q1 2024 earnings report released on April 23, 2024, Tesla will be prioritizing the development and production of Artificial Intelligence (AI) products, including its FSD Bot and general AI training systems.
Production slowdown
As a result of this shift, Tesla's vehicle production is expected to grow at a slower rate in the coming years. The company has cited the use of AI technologies as a key factor contributing to this decision, as it believes that AI will play a significant role in the future of transportation and beyond.
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