Key Takeaways Elon Musk and other Tesla executives on Wednesday discussed self-driving software and the Optimus robot, among other topics. The call followed a disappointing quarterly report, with revenue and adjusted profits falling short of estimates.

Tesla just released its Q4 2024 earnings results, and the stock is reacting in after-hours trading. The EV company reported earnings-per-share (EPS) of $0.73/share and revenues of $25.7 billion, missing Wall Street analyst estimates of $0.76/share and $27.3 billion.

Musk noted an autonomous fleet could see vehicles utilized an average of 55 hours per week, vs. the current average for vehicles to be utilized just ten hours a week on average. As a first step, Musk said Austin will see an initial launch of unsupervised FSD in Austin in June, and expects California and other states to follow.