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Tesla is driving autonomous driving and robotics forward with billions in investments.
Tesla expects, according to its own statements, an EU-wide approval of its advanced driver-assistance system "Full Self-Driving (Overseen)" in the coming months. After an approval in the Netherlands, the company is well positioned for a release in the current quarter, said Chief Financial Officer Vaibhav Taneja after presenting the latest quarterly results.
The system is designed to take over large parts of the vehicle's operation from the driver, but still requires human supervision. In the United States the software has been available for several years.
More subscribers for driver assistance
According to the company, 1.28 million customers are currently using the system via subscription. That is 180,000 more than three months ago. Tesla had added the designation "Full Self-Driving" with the suffix "Overseen" because it is not fully autonomous driving.
An unsupervised version of the software is likely to be rolled out in the United States in the fourth quarter. This rollout will be carried out gradually and initially limited to regions where the company regards the technology as safe. Vehicles with older computers that were sold as FSD-capable are to be technically retrofitted in so-called micro-factories.
Robotaxi and Humanoid Robots in Focus
At the same time, Tesla is advancing into new business areas. Production of the robotaxi vehicle "Cybercab" is currently starting. The two-seater model requires no steering wheel or pedals. According to company CEO Elon Musk, 90 percent of miles driven will be traveled with one or two people in the vehicle. In the long term, the Cybercab could therefore account for a large portion of production.
Additionally, production of the humanoid robot "Optimus" is set to begin this year. On freed-up space at the plant in Fremont, California, the company envisions a production capacity of up to one million robots per year. However, the ramp-up will initially be slow due to the new technology.
Strong Competition in the Market
With robotaxi vehicles and robots, Tesla is entering markets with established competitors. In the field of autonomous vehicles, Waymo is considered particularly advanced. Musk, according to his own statements, is counting on cost advantages because Tesla uses only cameras and does without lidar systems. However, experts and competitors express doubts whether reliable autonomous driving can be achieved with that.
Higher investments and rising key figures
The strategic realignment goes hand in hand with higher investments. Tesla raised its forecast for capital expenditures this year from $20 billion to $25 billion.
This is to be financed mainly from the vehicle business, which has recovered after declines in sales in the past year. The quarterly revenue rose 16 percent year-on-year to $22.39 billion. Profit rose by 17 percent to $477 million. Global deliveries grew 6.3 percent to 358,023 vehicles, after having fallen by 13 percent in the prior-year quarter.
In the European factory in Grünheide near Berlin, production of more than 61,000 vehicles in the first quarter represented the highest production to date. The plant is designed for an annual capacity of more than 375,000 vehicles. (Source: dpa)
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