LIVE: TESLA Q3 EARNINGS CALL 2024

EV Channels Review

Tesla's Q3 2024 earnings call highlighted significant progress and ambitious future plans. Elon Musk emphasized Tesla's profitability despite a challenging market, record deliveries, and strong growth in the energy storage business. A key focus was the advancement of Full Self-Driving (FSD), with projections for miles between interventions to improve dramatically, potentially surpassing human capabilities by Q2 next year. The company reiterated its commitment to more affordable models starting in the first half of 2025, with a target of 20-30% vehicle growth next year, and volume production of the Cybertruck in 2026 aiming for 2 million units annually. Tesla also detailed advancements in its 4680 battery cell production, aiming for cost competitiveness, and the development of the Optimus humanoid robot, which Musk believes will be the most valuable product ever made. The energy business is also scaling rapidly, with significant expansion plans for Megapack factories. While regulatory hurdles for autonomous vehicle deployment remain, Tesla is pushing forward with its vision of an autonomous, electric future, aiming to become the most valuable company in the world.