Image: Tesla

During Tesla AI Day, the company presented new developments and talked about progress in other important areas. It was an event to attract talent, but it was also important for Tesla's investors.

Tesla AI Day, held on September 30, was full of complex technical details that are interesting to specialists in the field, but which could remain incomprehensible to the main public. However, the event showed the level at which the manufacturer operates and revealed its roadmap for the future, giving an idea of ​​what investors can expect. Tesla is not a car company, but a technology company, so the presented developments are of great importance for its global growth.

The first thing any Tesla investor should look at is Optimus. A general-purpose bi-pedal robot will be ready for sale to consumers in 3-5 years. Its cost will be about $20,000. Optimus will become an additional source of income, as it will change Tesla's operations in the business. In fact, the bot will be able to perform various labor tasks for the company, from technical work to administrative duties. In addition, according to Tesla's idea, Optimus will launch a fundamental transformation of civilization and draw even more attention to the company. This, in turn, will be a strong catalyst for the growth of the share price.

An autonomous vehicle that will work thanks to  Full Self-Driving (FSD) technology developed by Tesla will change the industry. At the moment, Tesla has 160,000 testers in its FSD Beta program. Ultimately, the software will be distributed globally, although to do so, it needs to overcome regulatory hurdles set by regulators in various countries. When full self-driving cars and a robotaxi service can enter the market, this will dramatically increase the company's revenue.

In addition, Tesla spoke about its training supercomputer Dojo. It is designed and continues to be improved to train AI quickly, with millions of hours of video coming in from Tesla car owners around the world every day. The CEO of the company, Elon Musk, said that Tesla does not intend to sell its supercomputer, but will consider selling Dojo's computing time to other companies. In fact, Dojo is a potential multi-billion dollar by-product of creating better AI that also accelerates industry development.

© 2022, Eva Fox | Tesmanian. All rights reserved.

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This article is for informational purposes only. You should not construe any such information or other material as an investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by Eva Fox, Tesmanian, or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.

Eva Fox holds zero shares of Tesla, Inc., and currently (at the time of this article's publishing) holds zero options or securities in Tesla Inc. and/or its affiliates.