Category: tesla
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Tesla We Robot event unveiled Cybercab and Robovan
October 10, 2024, Tesla unveil its robotaxi called the Cybercab. The driverless vehicle is expected to cost $30k. Since this is not a firm order, price is only an estimate and could be higher. A recent example is Cybertruck which was introduced at $50k but as of today only the Foundation series is on sale…
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Andrej Karparthy talks Tesla full self driving, Optimus and AI in No Priors podcast
September 14, 2024 The No Priors podcast episode 80 released September 5, 2024 titled “The Road to Autonomous Intelligence with Andrej Karparthy”, talked about Tesla full self driving, Optimus and AI. https://www.youtube.com/watch?v=hM_h0UA7upI Andrej says Waymo’s full self driving took 10 years to go from working demo to production. According to Andrej, Waymo’s solution uses lots…
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Tesla Q2 2024, Revenue $25.5B, +2% Yoy, Operating Income $1.6B -33% yoy
Tesla Q2 2024 revenue is $25.5B, up 2% yoy. Contributors to the increase revenue are: Hurting revenue is Operating income decreased 33% to $1.6B. Cash Total cash at end of Q2 is $30.7B. up $3.9B. free cash flow $1.3B and inventory dropped $1.8B. AI Gigafactory Texas south expansion datacenter progressing. Photo in slidedeck shows glass…
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Tesla Q2 2024 delivered 443,956 and produced 410,831 and deployed 9.4 kWh energy storage
July 2nd 2024, Tesla released their Q2 2024 deliveries numbers. They have sold 443,956 vehicles and made 410,831. In prior quarter, Tesla produced 433,371 and delivered 386,810. In Q2, 2023, it produced 440,808 and delivered 422,875. In Q2, Tesla offered 0.99% 60 month low interest rate discounts rather than lowered vehicle prices. For its energy…
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Tesla investors voted to reapprove Elon Musk’s 2018 compensation plan
At the 2024 June 13th annual shareholder meeting, shareholders reapprove Elon Musk’s 2018 compensation plan. The reincorporation to Texas is also approved. Shareholders wanted to get past this compensation issue and put the focus on to business of growing Tesla and increase shareholder value. The meeting is available at: https://x.com/Tesla/status/1801365676524773721 Some near term accomplishments that…
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Tesla shareholders to vote on Elon Musk’s pay package June 13th 2024
The Tesla 2024 shareholder meeting is scheduled for June 13th 2024. It will be live-streamed on YouTube: https://www.tesla.com/2024shareholdermeeting Shareholders need to vote online or by phone by June 12th 2024 10:59pm Central Time in order for the vote to count. Shareholders are asked to ratify the 2018 CEO Performance Award. The 2018 CEO Performance Award…
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Tesla publishes 2023 Impact Report
Tesla has published its 2023 Impact Report. Summary: https://www.tesla.com/ns_videos/2023-tesla-impact-report-highlights.pdf Slide 23 showed the price of US 2024 Model Y Rear Wheel Drive being lower than the average new car price. Model Y is pried $44,990. Average new vehicle price of all cars is $47,244. If Federal incencent of $7,500 and gas savings are factored in,…
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Tesla Full Self Driving (Supervised) subscription price lowered to $99/month
Tesla has lowered its Full Self Driving (Supervised) package to $99 from $199. This big drop in price in theory should attract more buyers as the price is now more affordable. Even though driver eyes need to focus on the road and hands on the steering wheel, this copilot driver assistance makes driving less stressful…
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Tesla Q1 2024 delivered 386,810 vehicles and produced 433,371, declined sequentially and -8.5% yoy
In press release on 4/2/2024, Tesla reported they delivered 386,810 vehicles in Q1 2024. Production is 433,371. https://ir.tesla.com/tesla-vehicle-production-deliveries-and-date-financial-results-webcast-first-quarter-2024 Q1 2024 performance is below that of Q1 2023 and Q4 2023. A year ago Q1 2023 was 440,808 produced and 422,875 delivered. Deliveries declined -8.5% yoy. Q4 2023 numbers were 494,989 produced and 484,507 delivered. That…
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Xiaomi introduced its first EV, the SU7 EV to compete with Tesla Model 3
Making an EV in high volume is extremely difficult. Xiaomi, an electronics giant in China known as the Apple of China has introduced its first EV after three years of development. Their SU7 EV launch event presented by Xiaomi CEO Lei Jun is available on YouTube: Xiaomi EV Launch March 2024: https://www.youtube.com/watch?v=DsiyB5Es32s Xiaomi has a…
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Tesla to give FSD V12 demo at delivery time and one month free trial for all FSD supported vehicles
Tesla Full Self Driving (FSD) v12 has been released to more Tesla owners. FSD v12 uses end to end neutral network implementation and is capable of handling a lot more driving situations correctly and more human like. To expand FDS v12 awareness, Tesla is making two new changes. According to tweet of Elon internal email…
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Tesla Q4 2023 revenue, $25.167 Billion +3% yoy, net income $7.928 Billion, 115%
January 24, 2024, Tesla released its Q4 2023 earnings. Revenue was $25.167 Billion increased 3% yoy. Net income was $7.928 Billion up 115% yoy. The yoy comparison has one time non cash tax benefit of $5.9B. Gross margin is 17.6% -612bp yoy. So despite higher volume of cars in 2023, its revenue only rises 3%.…
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Tesla shares off to a challenging start for 2024 due a string of negative development
Tesla is off to a challenging start for 2024. In Europe, Germany is ending the EV subsidies earlier than expected to balance its budget. In response 1/17/2024, Tesla reduced its prices in Germany as reported by Reuters. https://www.reuters.com/business/autos-transportation/tesla-cuts-model-y-prices-germany-after-china-price-cuts-2024-01-17/ New price price dropped Model Y Long Range 49,990 euros -5,000 euros, -9% Model Y Performance 55,990…
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VW PowerCO confirms QuantumScape solid-state battery cell performance.
On January 3 2024, VW’s PowerCO SE group released its findings on QuantumScape’s solid-state battery cell confirming it can hit 1,000 charging cycles and still maintain 95% original capacity. While this isn’t new as QuantumScape (QS) themselves have publicly announced this result in their Q3 2023 shareholder letter, this confirmation by a partner gives confidence…
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Tesla achieves 1.8 million cars delivered in 2023
At the beginning of the year Tesla issued 2023 annual delivery and production to be around 1.8 million vehicles. On January 2nd 2024, they announced their Q4 2023 deliveries and production and have met their commitment. Model 3/Y deliveries for the year is 1,775,159. Q4 2023 earnings will be released on Wednesday January 24, 2024.…
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Tesla Cybertruck delivered to customers
Tesla has delivered the first 10 Cybertruck to actual customers. After an extensive development period, it has made it out to the real world. Pricing, performance and availability details are now public. Cybertruck uses hard stainless steel and can withstand a large hammer hit and bullets. The stainless steel finish is not painted and Tesla…
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Tesla Q3 2023 Earnings, $23.35 B revenue, 9% yoy, Net income $1.85 B -44% yoy
Tesla had a tough Q3 2023. Its price cuts have maintained high volume deliveries and sales to match production capacity but that has hurt profitability. Tesla Q3 2023 total revenue is $23.35 Billion which grew 9% yoy but declined -6.7% sequentially from $24.927 Billion last quarter. Net income came in at $1.85 Billion and dropped…
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EVs reaches 314,036 in Q3 2023 with Tesla at 50%
Cox Automotive published the EV sales for Q3 2023. Total number of EVs, cars, trucks, SUV, commercial vans reached 314,036. Tesla has sold 156,621 EVs and jumped 19.5% from a year ago Q3 of 131,024. BMW and Mercedes both had a strong showing in Q3 . BWM obtained 4.2% of the segment while Mercedes had…
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Tesla Q3 2023 production and deliveries and new Model Y RDW and lowered prices
Q3 2023 Production Deliveries Subject to operating lease accounting Model S/X 13,688 15,985 8% Model 3/Y 416,800 419,074 4% Total 430,488 435,059 4% Q2 2023 Production Deliveries Subject to operating lease accounting Model S/X 19,489 19,225 8% Model 3/Y 460,211 446,915 5% Total 479,700 466,140 5% Earnings will be announced October 18, 2023. Compared…