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Tag: tesla

  • Tesla Q2 2023 highlights $24.9 B revenue, +47% yoy, $2.7 B +20% yoy.

    Tesla revenue for Q2 2023 came in at $24.9 Billion and GAAP income $2.7 Billion. Revenue grew 47% yoy and income grew 20% yoy. Net free cash flow $1 B, +62% yoy. They end the quarter with healthy $23B, up 22% yoy. Tesla has three sources of revenue. Automotive came brought in the majority at…

  • Tesla built first production Cybertruck

    On July 15, 2023 official Tesla twitter account reported it had made the first Cybertruck at Giga Texas factory. https://twitter.com/Tesla/status/1680121747910148099 This means the material engineering, chassis design, mechanical engineering, electrical engineering, communication network, brakes, suspension, battery pack and motors work are complete. It also means the design of the production line is also done. It…

  • Tesla Q2 2023 produced record 479,700 vehicles

    Tesla Q2 2023 production break new record at 479,700 vehicles and delivered 466,140. Model S/X stayed flat at 19,489 produced and 19,225 delivered. The growth comes from Model 3/Y at 460,211 produced and 446,915 delivered. Q2 Earnings will be released at market close on July 19, 2023. Model Q2’23 Production Q2’23 Deliveries Q1’23Production Q1’23Deliveries Q4…

  • Tesla AI started Dojo production for machine learning training

    Tesla AI twitter account tweeted that they have started Dojo production. In graph estimating the production ramp, they predict the amount of compute Dojo will have. It will have the equivalent of 100,000 Nvidia A100 by January 2024 and 300,000 Nvidia A100 or 100 Exa-Flops by October 2024. https://twitter.com/Tesla_AI/status/1671589874686730270 High amount of compute enables more…

  • GM, Ford to adopt Tesla charging network and North America Charging Standard (NACS)

    On Jun 8, 2023, GM CEO Marry Barra in a 10 minute Twitter Spaces chat with Elon Musk announced GM will join Ford to adopt Tesla’s charging network and to build GM cars using Tesla’ open North American Charging Standard (NACS) starting in 2025. This a win win for GM, Tesla and customers. GM customers…

  • Tesla Model S Plaid takes Nurburgring production EV record 7:25.231

    Official Tesla twitter account reported on June 3 that their Tesla Model S Plaid have taken the Nurburgring production EV record with time of 7:25.231. That is an improvement of 8 seconds over the previous record. From official Nurburgring website: 7:25.231 Tesla Model S Plaid Track Package Tom Schwister 6/2/2023 video7:33.35 Porsche Taycan Turbo S…

  • Tesla qualifies for Advanced Manufacturing direct pay credit for battery manufactured in U.S.

    Many consumers are aware of the $7,500 consumer tax credit. What is less known, is the Inflation Reduction Act has incentives for manufacturers also via a direct pay credit paid to U.S. battery manufacturers. Tesla have joint battery plant with Panasonic operating in Nevada and qualifies for battery from that plant. How much credit does…

  • Tesla Model 3 qualifies for $7,500 tax credit

    At the top of the Tesla.com is a banner that shows Tesla Model 3 qualifies for the full Inflation Reduction Act (IRA)’s $7,500 tax credit for consumers. With that adjustment, Tesla’s entire mass volume vehicle line up of Model 3 and Model Y qualify for the max tax credit. Let’s run the math and see…

  • Highlights from Tesla Annual Shareholder Meeting 2023

    Here are the highlights from Tesla Annual Shareholder’s Meeting for 2023. Elon in an answer to a question from Meet Kevin agreed to give advertising as an additional lever to increase demand. The central idea is 90% of the population may not be familiar with EV advantage and how affordable Teslas have become. In such…

  • Where do Engineering and Computer Science students like to work in 2022?

    The 2022 edition of Tesla Impact Reports had a page on the result of Universum Global’s survey of where engineers like to work. Universum Global is a 30 year employer branding company and help companies connect with talent. Engineers and computer scientists are the creative professionals that develop future products for a company and are…

  • Highlights from Tesla Q1 2023 earnings report, earning $2.5B -24% YoY and revenue $23.3B 24% YoY.

    Tesla revenue is up 24% YoY reaching $23.3B for Q1 2023. Due the large price reductions on Model 3 and Y needed to increase demand, GAAP net income dropped -24% to $2.5B. Tesla is strategically choosing to sacrifice profit margin to keep production at full capacity. They believe over the lifetime of the vehicle, they…

  • Tesla lowers Model 3 to $39,990, Model Y to $46,990 on 4/19/2023

    Tesla has reduced prices for their cars on 4/19/2023. The new pricing for Tesla cars are listed below. All Model Ys quality for $7,500 EV credit and Model 3 RWD qualifies for $3,750. Model 3 Performance qualifies for full $7,500 EV credit. Model Price, Price with EV credit applied. Model Y $46,990, $39,490 Model Y…

  • Tesla to build Megapack factory in Shanghai and 45k Superchargers milestone

    Tesla announced on Twitter that they will be building their second Megapack factory in Shanghai. Their first is in Lathrop California with production capacity of 40 GWh. In 2022, Lathrop deployed 6.5 GWh Megapacks. The Shanghai factory will be capable of producing 10k Megapacks/year. Each Megabuck has 3MWh of energy and can power 3,600 homes…

  • Tesla lowers Model 3 and Y price to $41,990 and $49,990.

    On April 8, 2023, Tesla has lowered the Model 3 and Y. Model Y AWD now costs $49,990 and a Model 3 RWD is $41,990. The Model 3 will also have its tax credit drop to $3,750 after 4/18/2023 because its LFP cells are made by CATL and is sourced from China. The IRS based…

  • Tesla Q1 2023 Production & Deliveries

    Tesla Investor Relations web site released its Q1 2023 productions and deliveries results. They will have more details in its Q1 earnings scheduled for April 19, 2023. Total production is 440,808 and total deliveries 422,875. Model Q1’23Production Q1’23Deliveries Q4 ’22 Production Q4 ’22 Deliveries Q1’22 Production Q1’22Deliveries Model S/X 19,437 10,695 20,613 17,147 14,218 14,724…

  • Tesla Giga Berlin achieved 5000/week production rate

    On March 25, 2023, Tesla in a tweet announced Giga Berlin has achieved 5000/week production rate. The tweet showed a Model Y running through the assembly line being assembled. This comes about one month after it achieved the 4000/week production rate. This is a demonstration of the continuous improvement and strong production ramp. At 5000/weekly…

  • Tesla reduces prices on Model S and X

    Demand for high priced cars is currently weak. Tesla has lowered the price on Model S and X on March 6 2023. Model S now sells for: Model S Model X Dual Motor All Wheel Drive $89,990 $99,990 Tri Motor All Wheel Drive Plaid $109,990 $109,990 A sign of low demand is the estimated delivery…

  • Highlights Tesla Investor Day 2023

    Tesla’s Masterplan Part 3 was presented on Tesla Investor Day 2023 on March 1. Tesla outlined a path to an electrified economy without fossil fuel and mathematically showed how it is possible by 2050. It will require complete transition of all cars to be electric. To accomplish that Tesla will be making 20 million cars…

  • Tesla Giga Berlin achieves 4K Model Y production rate

    In a tweet from Tesla Europe (@tesla_europe) February 26, Giga Berlin has achieved a production rate of 4000 for Model Y. The factory team paused to celebrate this achievement with a group picture with three Model Ys. If they can maintain this rate, it would mean an annual production rate of 4000 * 52 or…

  • Tesla Model Y All-Wheel Drive $51,490

    Most Tesla cars are built to order. Some cars are also available preconfigured for immediate sale. These inventory cars are searchable via https://www.tesla.com/inventory. As of this writing, the new 2023 Model Y All-Wheel Drive is now for sale at $51,490. This is a $4,000 discount compared to the Long Range Model Y. A day earlier…

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