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Mag 7 earnings: Does Tesla and Alphabet's AI performance live up to expectations?
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$Tesla(TSLA.US)$ 🎖️🎖️🎖️🎖️🎖️
Tesla is likely to get regulatory approval to launch FSD in other markets such as Europe and China by the end of this year, the US EV maker's CEO Elon Musk said on an earnings call earlier today.
The company reported $25.5 billion in revenue in the second quarter, up 2.3 percent year-on-year and up 19.71 percent from the first quarter. Gross profit for the second quarter was $4.578 billion, up 0.99 percent year-on-year and up 23.86 percent from the first quarter.
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  • 炒股先修心 : Europe is good to say. I don't think it's that easy for Tesla to get driverless taxis in China.

  • 102437316 OP : With XPeng endorsement and Baidu partnership, China needs Tesla

  • 151334572 102437316 OP : It's very difficult to drive in China, let alone AI driving 🤣

  • 151334572 102437316 OP : It's very difficult to drive in China, let alone AI driving 🤣

  • 炒股先修心 102437316 OP : I am pessimistic about whether Tesla's driverless project can knock on the Chinese market:
    1. China now has AI taxis. Even if the algorithm is flawed, updating or revising based on actual data is far more realistic than Tesla's difficult project.
    2. Due to the problems of the Sino-US trade war, there is also great resistance to this project.
    3. The risk of cooperation between China and domestic enterprises is far less than that of cooperating with Tesla, because currently there is a lot of uncertainty in the driverless car project. Tesla is also a foreign company, and if something goes wrong, it may not be possible to catch up with accountability. Also, my country has already implemented this project. I don't support internal companies. Should I support your difficult production project for an American company to grow slowly?

    Also, think about Starlink.

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