https://twitter.com/Tesla/status/1782920225890959613@Tesla
Q1 2024 Shareholder Update →
https://ir.tesla.com/— Highlights
While many are pulling back on their investments in EVs, we are investing in future growth. This includes our AI programs, production capacity, Supercharger & service networks as well as new products infrastructure.
To maximize the impact of our products, we design & manufacture a fully integrated ecosystem.
Cybertruck production ramp is progressing, with a sequential cost improvement in Q1 & a production rate of over 1k units/week in April.
Additionally, 4680 ramp continued successfully in Q1 & remains ahead of Cybertruck ramp.
The future is not only electric, but also autonomous.
Since the launch of FSD V12 earlier this year, it has become clear that a vision-only architecture with end-to-end neural networks, trained on billions of miles of real-world data, is the right solution for scalable autonomy.
We also completed the transition to Hardware 4.0 in Q1, our latest in-vehicle computer with increased inference processing power & improved cameras.
To make FSD Supervised more accessible, we reduced the subscription price to $99/month & purchase price to $8k in the US.
We're also building ride-hailing functionality that will seamlessly integrate into the Tesla app & become available in the future.
