Tesla, Inc. TSLA held its AI Day in 2022 on Friday and the event was more of a technical presentation detailing the company’s activities related to the Telsa bot, the FSD and the Dojo supercomputer.
Prominent Tesla bull and loup fund Gene Munster detailing his six takeaways from the event.
- Optimus could take some time to roll out, Munster hinted. Teslas Elon Musk said the Tesla bot is likely to be priced around $20,000 and will be available in stores in three to five years. Munster believes it could take 10 years and the price will likely exceed $20,000.
- If Optimus achieves even half of what Musk is aiming for, which is a long way off, it could be an integral part of the Tesla investment case over the next 20 years, Munster said.
- Tesla noted in the presentation that adoption of fully self-driving packages has increased from 2,000 in 2021 to 160,000 in 2022. The managing partner of Loup Funds estimates that adoption is around 10% by owners.
- While Musk said FSD will likely be available globally by the end of 2022, subject to regulatory approval, Munster said that approval will likely take years.
- Munster thinks Tesla will likely be one of the top 10 coolest jobs for engineers.
- Finally, looking at Tesla’s AI progress, the venture capitalist said traditional automakers are in trouble.
Tesla closed Friday’s session at $265.25, down 1.10% Gasoline Pro.
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