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Tesla Q3 2024 Financial Results [pdf]

20 pointsby mfiguiere7 months ago

4 comments

chollida17 months ago
Looking forward to:<p>- cheaper car announcement<p>- something concrete on robotaxi, not likely<p>- current model refresh, they are getting old<p>Numbers:<p>- Q3 EPS $0.72, Est $0.60<p>- Q3 Rev $25.18B, Est $35.43B<p>- so slight top line miss but nice bottom line beat<p>- Automotive gross margis of 17.1%, Est 14.9%<p>- I think higher gross margins are becaus peopel are buying their software( FSD and smart summon)<p>- Second highest quarter for regulatory credit revenue, neat way for the government to subsidize a car manufacturer without subsidizing them<p>- still behind last years sales numbers<p>- Cybertruck has reached profitablility<p>- more than 100,000 powerwalls enrolled as virutal power plants currently<p>Interesting Notes:<p>- next gen platform should get about 5.5 miles&#x2F;kWh, for context Lucid currently has the most efficient drive train around 5 miles&#x2F;kWh( by lucid&#x27;s claim)<p>- supposedly next gen cheaper car in late 2025<p>- nothing other than lip service to robo taxi<p>- “We deployed and are training ahead of schedule on a 29k H100 cluster at Gigafactory Texas – where we expect to have 50k H100 capacity by the end of October.”<p>- note: check which company owns that server farm<p>- after laying off the supercharger team, that network somehow grew 22% YoY<p>Two other notes that people might find interesting....<p>&gt; &quot;According to Bernstein analyst Toni Sacconaghi, Tesla’s core electric-vehicle business is likely worth less than $200 billion, suggesting its market capitalization reflects a value of about $600 billion for other endeavors, such as the robotaxi and the Optimus humanoid robot. &quot;<p>The DOJ has just informed Elon that paying voters to register may be illegal.
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FactKnower697 months ago
&gt;In Q3, we released the 12.5 series of FSD (Supervised) 1 with improved safety and comfort thanks to increased data and training compute, [...] We deployed and are training ahead of schedule on a 29k H100 cluster at Gigafactory Texas – where we expect to have 50k H100 capacity by the end of October.<p>Literally laughed out loud seeing the phrase &quot;ahead of schedule&quot; in a section about FSD
pazimzadeh7 months ago
&gt; We have sufficient liquidity to fund our product roadmap, long-term capacity expansion plans and other expenses. Furthermore, we will manage the business such that we maintain a strong balance sheet during this uncertain period.<p>What&#x27;s about to happen?
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andrewmcwatters7 months ago
Probably not the appropriate thread for this, but as a former Audi owner who went to a 2022 Toyota Corolla with openpilot, any personal recommendations here from Hacker News reader Tesla owners?
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