Tesla Humanoid Robot Delays $25K Car: Should Elon Musk Reconsider?

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Posted on EVANNEX on February 21, 2022, by Charles Morris

There was plenty of good news for investors and EV fans in Tesla’s latest earnings report. Vehicle deliveries grew by 87% in 2021, and the company’s earnings per share and revenue both beat analyst estimates by over 6%. Tesla also claimed that it achieved “the highest quarterly operating margin among all volume OEMs…demonstrating that EVs can be more profitable than combustion engine vehicles.”

Another unsurprising but welcome tidbit: Tesla confirmed that Model Y production has begun at Gigafactory Texas. It’s reportedly only waiting for final certification to start deliveries.

As usual, TSLA stock tanked immediately following the earnings report—over 10% in a day—but soon recovered the loss. However, the announcement that the launch of Tesla’s Cybertruck and Semi will be delayed until “hopefully next year” still seems to be a drag on TSLA’s prospects, at least in the near term.

Another topic that concerns some Tesla supporters is a sense that the company is straying from its mission of electrifying transport. At a time when the company should be calling all hands on deck to bring its new vehicles to market, the mercurial Mr. Musk spent much of his time on the earnings call discussing other projects. Explaining why Tesla isn’t working on a new, lower-priced model, he conceded, “We have enough on our plate right now, too much on our plates, frankly.”

An overloaded plate is a common problem in our spoiled society, but an overeager visitor to an all-you-can-eat buffet can always remove the lime Jell-O and sheet cake from their tray in order to make room for meat and potatoes.

Tesla seems to have plenty of room on its plate for robotaxis. “The thing that overwhelmingly matters is when is the car autonomous,” said Musk, adding that “my personal guess is that we’ll achieve Full Self-Driving this year.” A certain Tesla-bashing web site claimed that this is the ninth year in a row that Musk has made that prediction.

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