An analysis of Tesla’s patent applications reveals a notable slowdown in innovation over the past two years, with a significant shift towards AI hardware and software development. While the debate continues regarding Tesla’s valuation as either an automotive manufacturer or a technology company, recent data indicate that car sales, which constitute the bulk of Tesla’s revenue, have been declining. Notably, less than 10% of Tesla’s patents are now categorized as “Automotive,” down from historic levels, while approximately 40% are related to AI. The peak in patent applications in 2022 highlights this trend, emphasizing artificial intelligence advancements over traditional automotive technologies. Critics argue that this pivot could undermine Tesla’s core vehicle manufacturing business, while supporters point to the potential of AI-driven innovation. As Tesla navigates this transition, its future will depend on the successful integration of these AI technologies and their impact on sustainable profitability.
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