Musk and Tesla also spent plenty of time Tuesday touting FSD, autonomy and artificial intelligence.
Tesla also recently recast full self-driving from FSD Beta to supervised FSD. The EV giant reported it would recognize deferred revenue of $281 million by the end of Q1, according to regulatory filings.
"The way to think of Tesla is almost entirely in terms of solving autonomy and being able to turn on that autonomy for a gigantic fleet," Musk said on the earnings call.
He later added that "if somebody doesn't believe Tesla is going to solve autonomy, I think they should not be an investor in the company."
The Tesla chief also confirmed the company will be "showcasing" its robotaxi, or "cybercab," on Aug. 8 and that a low cost vehicle will be discussed more at that time.
Tesla's free cash flow also went negative to the tune of $2.5 billion in Q1, as Tesla spent $1 billion on "AI infrastructure."
The company also said it will "continue to increase" its AI infrastructure capacity in the "coming months" and that it is currently working on ride-hailing functionality that will be "available in the future."
This could potentially put Tesla in competition with Uber (UBER) and Lyft (LYFT).
Jonas said Wednesday that Tesla's long-term goal is to offer autonomous ride-hailing vehicles. However, initially it will rely on "human-supervised FSD" from a combination of Tesla owners and a Tesla owned fleet, according to Jonas.
