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Tesla to unveil Robotaxi. This one is for history books. Don't miss. Watch it live at 7:30 am IST today

Tesla to unveil Robotaxi. This one is for history books. Don't miss. Watch it live at 7:30 am IST today- Grapevine

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- Tesla's profits dropped by 45% in Q2 due to slower sales, high lay-off costs, and heavy AI investments. The net income was $1.47bn, missing the $1.9bn estimate, causing an 8% drop in after-hours trading.
- Elon Musk postponed the launch of Tesla's 'robotaxis' from August to October, claiming the project could boost Tesla's valuation to $5tn. Despite the delay, revenues rose 2% to $25.5bn, driven by energy storage growth and regulatory credits.
- Operating expenses surged 39% to nearly $3bn, partly due to a 10% workforce cut. Tesla is also expanding its Texas gigafactory for AI infrastructure, housing 50,000 supercomputer H100 chips.
- Tesla's gross margin fell to 18%, down from 29.1% in Q1 2022. Without regulatory credits, the automotive gross margin would have been 14.6%. Musk is prioritizing autonomous taxis over the affordable Model 2 EV.
- Musk is also focusing on the Optimus humanoid robot, with limited production expected next year and consumer availability by 2026. Despite a 4.7% drop in EV deliveries from last year, Tesla remains the largest EV company. 

 Source: FT

Tesla Misses Profit Estimates as Elon Musk Delays ‘Robotaxi’ Launch

Journalist

This would be a game changer for Indian automobile market🙂

https://www-moneycontrol-com.cdn.ampproject.org/c/s/www.moneycontrol.com/news/business/mc-exclusive-tesla-likely-to-import-completely-built-up-evs-from-german-facility-to-india-11697181.html/amp

Tesla for India in 20L!

Product Manager

- Waymo is now offering over 100,000 paid robotaxi rides each week in Los Angeles, San Francisco, and Phoenix.
- This milestone was shared by Waymo co-CEO Tekedra Mawakana on social media platform X, doubling previous figures.
- The fleet consists of hundreds of fully autonomous and electric Jaguar I-Pace vehicles, with 778 robotaxis under deployment in California.
- Waymo has expanded its 24/7 service in San Francisco and Los Angeles, and is testing fully autonomous vehicles on freeways.
- Despite commercial success, Waymo faces high costs, with parent company Alphabet planning to invest an additional $5 billion. 

 Source: [Techcrunch](https://techcrunch.com/2024/08/20/waymo-is-now-giving-100000-robotaxi-rides-week/)

Waymo Now Providing 100,000 Robotaxi Rides Weekly

The future is here

- China is pushing to mass-produce humanoid robots by 2025, with nearly 30 companies showcasing models in Beijing this week.
- Tesla plans to deploy 1,000 Optimus robots in factories next year, aiming to revolutionize EV production.
- The Chinese government supports the robotics industry with significant funding, including a $1.4 billion state-backed fund in Beijing.
- Analysts predict the global market for humanoid robots could reach $38 billion by 2035, with costs dropping significantly.
- Despite Tesla's early lead in AI, Chinese companies are rapidly iterating and reducing production costs. 

 Source: [Reuters](https://www.reuters.com/technology/chinas-robot-makers-chase-tesla-deliver-humanoid-workers-2024-08-23/)

China's Robot Makers Chase Tesla to Deliver Humanoid Workers

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Hit or miss?

Will market give tight slap to solo?
It'd be better to stay as joke, solo!

Ola is feeling lonely

Growth Manager

Tune kya kar dala, mar gyi mai, mit gyi mai,
Hoho ji, Haan Haan  ji, ho gyi mai... KANGAAL

Tune kya kar dala

Investor

What's the edge they have over Chinese EV cars. Elon visiting India also seems to be a desperate move to show growth

Given the latest layoff news and betting highly on robo taxies, feels like it's over for the quite arrogant leader and his company

Does Tesla really has a future?

Tesla manufacturing in India would be interesting. I hope they get serious about launching in India too

Hero has revenue of Rs. 35,000 crore & profit of rs. 4000 crores.Ola Electric has revenue of Rs 373 crore and loss of Rs  784 crore... OLA Electric (OE) aims 7-8 Bn $ IPO Valuation while Hero has 10 Bn $ valuation

- Rapido plans to transition its bike-taxi service in Delhi to an all-electric fleet within the next year.
- The company is partnering with Zypp Electric and Gogoro to achieve this goal.
- Currently, 25 percent of Rapido's bike-taxi services in Delhi are electric.
- This move could give Rapido a competitive edge over rivals like Ola and Uber.
- Rapido is also entering the quick commerce delivery segment, partnering with Zepto, Pincode, and KPN Farm Fresh. 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/rapido-to-switch-to-all-electric-bike-taxi-fleet-in-delhi-by-next-year-12823338.html)

Rapido to Electrify Entire Bike-Taxi Fleet in Delhi by Next Year

Ola's Bhavish Aggarwal to announce his next big launch, Krutrim AI.

India's own ChatGPT rival Krutrim AI to be unveiled today.

Project Coordinator

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Hey good folks of GV, anyone has exposure in working for Tata Motors (Branding/Marketing)?

I’m interviewing for a role in Marketing & Community Manager, and could really use some inputs! :)

Tata Motors

Marketing manager

Condolences to those who have joined Ola recently. Happy 70 hours 😁

Guys Cover-up kar rha hu gaaliya mat do

Consultant

- Tesla’s all-electric ‘Giga Train’ has launched in Germany, transporting employees to Gigafactory Berlin.
- The train will eventually transport 4,500 employees daily to build Tesla’s all-electric vehicles.
- The Giga Train is free for all passengers and connects Tesla Süd with Erkner station.
- Each carriage seats 120 people, with a total capacity of 500 passengers per trip, and includes bicycle compartments and an information system.
- NEB, the train’s operator, plans to switch to an e-fleet of trains by the end of the year, replacing the current diesel fleet. 

 Source: [Teslarati](https://www.teslarati.com/teslas-all-electric-giga-train-in-germany-takes-first-trip/)

Tesla to unveil Robotaxi. This one is for history books. Don't miss. Watch it live at 7:30 am IST today

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