TWO NEW TESLAS CONFIRMED FOR 2025 AND 2026 | TESLA'S EARNINGS CALL UPDATE

EV Channels Review

Tesla's Q3 earnings report exceeded expectations, with significant improvements in automotive cost reduction, signaling strong financial health and capacity for future development. The report highlighted the production of Tesla's 7 millionth vehicle and confirmed new models, including more affordable options, are slated for the first half of 2025. The highly anticipated Model Y 'Juniper' refresh is expected to adopt design elements from the Cybertruck, such as a rear light bar and potentially a front light bar, aiming to further differentiate it from the Model 3 and enhance its appeal as the world's best-selling car. The Cybertruck is also showing positive momentum, achieving profitability with its first positive gross margin, a feat not yet seen by its competitors. Tesla's Full Self-Driving (FSD) capabilities are advancing, with FSD Supervised v12.5 released and an internal target of achieving human-level safety by Q3 2025. A significant update for owners is Tesla's confirmation that customers who paid for FSD on Hardware 3 will receive free hardware upgrades if necessary to enable future FSD functionality. The company is also beta testing its robotaxi service in the Bay Area, with plans for public rollout in California and Texas in 2025. While the robotaxi is projected to be under $30,000 with incentives, the Roadster remains a lower priority. Overall, Tesla's Q3 performance and future product roadmap, particularly concerning affordability and autonomous driving, present a positive outlook.