Elon Musk’s Long-Term Bet On Tesla Full Self-Driving
called Tesla’s current role in the auto industry a “uniquely strong strategic position,” noting that the automaker is the only company making cars that universally have hardware capable of autonomy.
The statements came as some analysts covering Tesla shared concerns about recent price cuts, especially as Q1 earnings missed on profit margin expectations. One such analyst included Morningstar’s Seth Goldstein. During the call, Musk cited macroeconomic uncertainty as a reason for the miss, emphasizing that the company still had the best operating margins in the auto industry. And with the Model Y becoming the best-selling non-pickup vehicle in the U.S. in Q1, Musk explained, the company was setting the stage for future of serious revenue potential with FSD.
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