In a report on Tuesday, Oppenheimer analysts wrote that the "autonomy competition may limit [Tesla] profitability." Even if Tesla meets its June 2025 timeline for driverless cars in Texas, the company is "one of several autonomous technology providers, suggesting competition on price and performance," they wrote.
In addition to running Tesla, Musk is CEO of SpaceX, owns social media company X and is head of artificial intelligence startup xAI. He's also spending significant time these days in Washington, D.C., running the "Department of Government Efficiency" (DOGE) as a special government employee, aiming to slash federal spending, personnel, regulations and even entire agencies.