🚗 Elon Musk reaffirms that Tesla FSD (Full Self-Driving) licensing is still an option. 🗣️ Musk hints at tentative conversations with a few companies regarding FSD licensing agreements. 🤔 Musk suggests that some car companies may not believe FSD is real yet, but he expects this perception to change in the coming year. 📞 Musk…
🚀 Tesla Energy is expected to outpace the automotive business in growth rate in 2024. 📉 Tesla anticipates lower volume growth in its automotive business in 2024 due to the focus on the next-generation platform. ⚡ Impressive growth in Tesla Energy, with total energy storage deployments reaching 14.7 GWh in 2023, a 125% increase from…
🚗 Tesla executive addresses concerns about 4680 cell production limiting Cybertruck ramp during earnings call. 💡 4680 cell production is ahead of the ramp with weeks of finished cell inventory, easing concerns. 📈 Goal is to maintain sufficient 4680 cell production not only for Cybertruck but also for future vehicle programs. 🔄 Giga Texas successfully…
🗳️ Elon Musk faced criticism for expressing discomfort with growing Tesla’s AI leadership without ~25% voting control. 💬 Musk clarified during Q4 earnings call that he doesn’t seek full control but wants influence to avoid being easily voted out. 🤝 Musk mentioned challenges with activist shareholders and expressed the idea of a dual-class stock for…
🚗 Tesla’s next-generation vehicle will start production in the second half of 2025. 💰 The new vehicle aims to enter a new pricing point for wider customer accessibility. 🌐 The next-gen vehicle will be a completely new model with new production lines. 🤖 While details on the vehicle, codenamed “Redwood,” are limited, it seems focused…
💰 Tesla improved the cost of goods sold per vehicle, reaching slightly above $36,000. 📉 The company has consistently reduced the cost with a sequential decrease in each quarter. 📊 Q4 2023 saw the largest reduction in Cost of Goods Sold (COGS) compared to Q3 2023. 🔄 Tesla employs various techniques to lower COGS, focusing…
📉 Tesla anticipates a notably lower growth rate in 2024 compared to 2023. 🚗 The lower growth is attributed to being “between two major growth waves” and the development of Tesla’s next-generation platform. 🌐 Tesla aims for a compound annual growth rate (CAGR) of 50%, planning to grow production as quickly as possible. 🚀 The…
💵 Tesla’s total revenue for Q4 is $25.1 billion. 🚗 In the fourth quarter, Tesla produced 494,989 vehicles and delivered 484,507. 📈 For the full year 2023, Tesla produced 1,845,985 vehicles and delivered 1,808,581. 📊 Automotive revenues in Q4 are $21.5 billion, slightly below analyst expectations of $21.7 billion. 💰 Non-GAAP earnings per share for…
🚗 Tesla rumored to release “Redwood” electric vehicle in 2025. 💸 Potential cost estimated around $25,000 to encourage affordability. 🎨 Fan renders envision the Redwood as a “Cyberhatch,” inspired by the Cybertruck. 🏭 Tesla reaching out to suppliers, planning to produce 10,000 units per week starting June 2025. 🌐 Rumors suggest the Redwood might align…
💰 Analysts expect Tesla’s Q4 2023 non-GAAP earnings per share to be $0.73. 📊 Estimated total revenues for Q4 are $25.7 billion, with automotive revenues at $21.7 billion. 🌐 Full year 2024 projections include non-GAAP earnings per share of $3.62 and total revenues of $115.1 billion. 🚗 Analysts anticipate 2,161,075 units in Tesla’s full year…