Tesla's chaotic third quarter saw profits climb but revenue falter
Musk also provided an update on availability of the Full Self-Driving beta wide release."We're expecting to release the full self-driving software to anyone who orders the package by the end of this year," Musk said during the call."It won't have [NHTSA] regulatory approval at that time, but with the car will be able to take you from your home to your work, your friend's house, the grocery store, without you touching wheel.
"We're not saying that's quite ready to have no one behind the wheel," he clarified."It's just that you will almost never have to touch the vehicle controls." Tesla has targeted a 50 percent annual vehicle sales growth over the next few years. In 2021, Tesla delivered some 936,000 vehicles and has delivered delivered 908,573 vehicle to date in 2022. So in order to meet the 50 percent growth goal, the company will need to sell roughly 1.4 million vehicles in total, this year, asnotes, with 490,000 of those coming in Q4. Tesla also recommitted to beginning deliveries of its Semi starting in December.
These developments come as Musk's potential $44 billion purchase of Twitter winds its way through the courts and which could demand the Tesla CEO sell more of his shares in the car company to fully finance the deal."I'm excited about the Twitter situation because obviously I know that product incredibly well and it’s an asset that has sort of languished for a long time and has incredible potential," Musk said.
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