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Tesla kicked off earnings season — at least for this sector — and the shareholder letter, along with Elon Musk’s remarks during the conference call, provided some pretty incredible disclosures I imagine have some investors concerned, or at least puzzled.
Tesla has backed off previous promises to reach “volume production” of the Cybercab, Tesla Semi, and Megapack 3 in 2026. And while the company has publicly touted expansions of its Tesla Robotaxi service into new cities in Florida and Texas, the quarter-over-quarter data shows a drop in paid robotaxi miles.
Senior reporter Sean O’Kane took a closer look at a graphshared in Tesla’s shareholder letter. At a...
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