HW3 Won\u2019t Achieve Unsupervised Autonomy<\/p>\n
During the company\u2019s first quarter 2026 earnings call, Musk confirmed the news, while sharing that Tesla would offer \u201cdiscounted trade-in for cars that have AI4.\u201d<\/p>\n
Ross Gerber Criticizes Move<\/p>\n
Following the announcement, investor Ross Gerber of Gerber Kawasaki took to the social media platform X, expressing his disappointment. \u201cNot a good conference call for current tesla owners,\u201d he said, adding that all HW3 \u201cscrewed\u201d by Tesla. \u201cThey sold about 3 mil of these teslas and about 285k have FSD,\u201d he said, adding that the liability could be in \u201cbillions.\u201d<\/p>\n
Tesla\u2019s Earnings Call<\/p>\n
Tesla reported its earnings after the market close on Wednesday, recording first-quarter 2026 revenue<\/a> of $22.71 billion, up 16% YoY and beating analyst consensus of $22.39 billion. Tesla also reported earnings per share of 41 cents, beating market estimates of 37 cents per share.<\/p>\n According to Benzinga Edge Rankings, Tesla offers satisfactory Momentum, but poor Value. It provides a favorable price trend in the Long term.<\/p>\n Price Action: TSLA declined 0.31% to $386.30 in the after-hours trading session on Wednesday.<\/p>\n Check out more of Benzinga\u2019s Future Of Mobility coverage by following this link<\/a>.<\/p>\n Photo Courtesy: Mijansk786 on Shutterstock.com<\/p>\n