On July 27, Lars Moravy, Tesla's engineering executive, disclosed at the San Francisco Bay Area Customer and Investor Exchange that the company is entering a "pivotal phase of strategic advancement," with several major product launches imminent. As the Vice President of Vehicle Engineering, Moravy highlighted the Semi electric truck, manufactured at the Reno Gigafactory in Nevada, as a cornerstone project for Tesla. He emphasized that Tesla has consistently demonstrated boldness in executing ambitious strategies, despite the inherent risks. Presently, the company stands at a critical juncture, poised for strategic breakthroughs in autonomous driving, Robotaxi services, the Optimus humanoid robot, and the Semi project. Moravy's statements instilled confidence in Tesla amidst challenges in its core automotive business, where an aging product line has contributed to a decline in global sales and a seven-quarter consecutive drop in California sales.