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Elon Musk is right. AI doubters should sell

Tesla’s first wave of growth is under severe pressure from competition and politics. But the chief executive says none of that matters.

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There was a moment on Tesla’s June quarter earnings call on Tuesday night (Wednesday AEST) that should get everyone thinking about where the artificial intelligence revolution might end up.

The company’s ever-optimistic founder, Elon Musk, was quoting an estimate from controversial fund manager Cathie Wood, who suggests that Tesla’s robotaxi business – where Tesla will have millions of autonomous vehicles running around the world at our beck and call – could eventually be worth $US5 trillion ($7.5 trillion).

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    Original URL: https://www.afr.com/chanticleer/why-elon-musk-is-daring-his-doubters-to-sell-20240724-p5jw35