About this weblog

What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Wednesday, July 28, 2021

Tesla Charges Ahead

Tesla reported a 98% year-on-year rise in revenue for the second quarter to almost 12 billion US dollars. Automotive revenues were up 97% thanks to a 121% rise in vehicle deliveries. Tesla said: "Public sentiment and support for electric vehicles seems to be at a never-before-seen inflection point."

The volume of solar power generation and power storage (key components of Tesla's broader electric proposition) deployed by Tesla both rose by more than 200%. 

However, Tesla appeared to acknowledge that the development of self-driving vehicles is proving difficult, even though it is able to collect data on how its customers are driving its cars. Tesla said: "We successfully launched Tesla Vision (its camera-based autopilot system) in Q2, which was mainly possible due to our ability to use data from over a million Tesla vehicles to source a large, diverse and accurate dataset. Solving full autonomy is a difficult engineering challenge in which we continue to believe can only be solved through the collection of large, real-world datasets and cutting-edge AI." Source: Tesla statement

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