semiconductor / news / / NPR
Tesla's first quarter earnings beat Wall Street's expectations.
Tesla plans to spend $25 billion in 2024 on AI, chips, and manufacturing.
KEY POINTS
- Tesla's profits this quarter were its second-worst in 12 quarters, despite beating Wall Street forecasts.
- Tesla discontinued the Model S and X to focus production lines on the Optimus humanoid robot.
- Optimus humanoid robot will enter production this summer and be available outside Tesla next year.
COMPANIES
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