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Q3 2024 Shareholder Update →
https://ir.tesla.com/— Highlights
- Produced our 7 millionth vehicle at Fremont factory!
- Preparations for new vehicles remain underway (including more affordable models), which we'll begin launching in the first half of 2025
- Record gross margin for @teslaenergy
- COGS (cost of goods sold) per vehicle came down to lowest level ever – key to enabling affordability
VehicleUS @tesla_na
- Refreshed Model 3 ramp continued successfully
- @cybertruck
production increased sequentially & achieved a positive gross margin for the first time (congrats @cybertruck🫡)
- Preparation of the Semi factory continues and remains on track with builds scheduled to start by the end of 2025
China @Tesla_Asia
- Giga Shanghai produced its 3 millionth car & exported its 1 millionth car
Europe @teslaeurope
- As of Q3, Model Y is the bestselling vehicle of any type in 2024 in Sweden 🇸🇪, Netherlands 🇳🇱, Denmark 🇩🇰 & Switzerland 🇨🇭
Thank you to our owners!
AI/Hardware
@Tesla_AI
- In Q3, we released FSD Supervised 12.5, bringing improved safety & comfort thanks to a 5x increase in the number of parameters, data & training compute (will continue to scale in Q4)
- We also released Actually Smart Summon & deployed FSD Supervised to
@Cybertruck
, including end-to-end driving on highways for the first time
- Compute rules everything around us: We're already training on a 29k H100 cluster at Giga Texas – expecting to have 50k H100 capacity by end of October
Vehicle & other software
- Summer Release shipped with features like Parental Controls, YouTube & Amazon Music as native apps, Hands-Free Frunk, added weather forecast & other improvements
Powertrain, Battery & Manufacturing
- Unveiled Cybercab & Robovan at our We, Robot event in October – both purpose-built for autonomy from the ground up
- Cybercab will be built on our next-gen platform, which includes a new powertrain with an estimated 5.5 mi/kWh – our most efficient one yet
- Produced our 100 millionth 4680 cell & continue to progress our dry cathode manufacturing lines
Energy
@teslaenergy
- Megafactory in Lathrop demonstrated 200 Megapacks/week (40 Gwh run rate)
@Tesla_Megapack
- Powerwall deployments reached a record for the 2nd quarter in a row
- As of Q3, over 100k Powerwalls were enrolled in VPP programs!