<ul><li>Electric vehicle maker Tesla reported a 55% drop in profits for the first quarter of 2024 compared to the same period last year.</li><li>The company faced challenges including the Red Sea conflict and an arson attack at Gigafactory Berlin.</li><li>Tesla emphasized its focus on autonomy, stating that it should be considered an AI and robotics company, not just an automobile manufacturer.</li><li>The company announced an update to its future vehicle lineup, including plans for lower-cost models and a purpose-built robotaxi product.</li></ul>

Tesla Calls Itself an AI, Robotics Company as Profits Plunge 55%

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