Tesla CEO Elon Musk Says The Company's AI Plan Is At An 'Inflection Point'

Core Insights - Tesla is positioning itself as an AI company, focusing on real-world applications of AI, including self-driving cars and humanoid robots [1][2] - The company reported record high electric vehicle deliveries in Q3, indicating strong demand [1] - Elon Musk emphasized the potential of Tesla's full self-driving (FSD) technology, which has reached 12% adoption among its vehicle fleet, suggesting significant growth potential [3][7] Group 1: AI and Future Growth - Musk believes Tesla is at a "critical inflection point" as it shifts towards AI applications [1][7] - The humanoid robot, Optimus, is seen as a major growth driver, with expectations for a new version to be unveiled in Q1 [8] - Musk predicts that the FSD technology will create a "shock wave" in transportation, enhancing the appeal of Tesla vehicles [3][7] Group 2: Financial Performance and Market Reaction - Tesla's shares fell approximately 3% in after-hours trading following the earnings call, attributed to higher restructuring costs and AI investments [9] - Despite the drop, Tesla's stock had increased about 9% for 2025 prior to the earnings announcement [9] - The company is facing scrutiny over a proposed pay package for Musk, with a vote scheduled for early next month [5][10]