Tesla (NASDAQ:TSLA) teases ahead of highly anticipated AI Day

AI Day is coming, here’s what we know…

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Tesla Inc (NASDAQ: TSLA) has been teasing its AI day event for a week now, but the excitement is mounting.

At the time of writing, the Tesla share price is sitting at US$710.92 – marking a 9.4% lift since the announcement of the inaugural event.

What do we know about Tesla AI Day?

After being revealed via a tweet from Elon on 29 July, plenty of rumours and speculation have circulated. According to invitations, the event is being held in Palo Alto California on August 19.

Invitees will get a keynote from Elon himself, witness hardware and software demos, and experience test rides in the Model S Plaid. The newly created artificial intelligence day will be dedicated to “convincing the best AI talent to join Tesla” in the words of Elon Musk.

Furthermore, the invitation included an image of a computer hardware stack. The image has been doing the round on Twitter with plenty of speculation over what it means. This has been further hyped by leading UCLA AI researcher Dennis Hong teasing his involvement with Tesla.

Potentially the most interesting statement in the invitation reads:

Attendees will be among the first to see our latest developments in supercomputing and neural network training. They’ll also get an inside-look at what’s next for AI at Tesla beyond our vehicle fleet.

Additionally, the event holds importance in understanding how far along Tesla is on its mission to create a fully autonomous vehicle fleet. However, the statement of “beyond our vehicle fleet” has onlookers wondering what else Tesla is working on.

From EVs to Robots?

Tesla commentators, including Dave Lee from Dave Lee on Investing, have speculated whether Tesla is pushing into making robots (humanoids). Though, in a YouTube video, Dave somewhat dismisses the potential of this in the near term — noting how far away technology is from that currently.

Instead, Dave suggested that AI Day might mark the announcement of Tesla branching out to other AI applications. For now, mark 19 August 2021 in your calendar, when Elon will drop the latest news.

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Motley Fool contributor Mitchell Lawler owns shares in Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Tesla. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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