Introduction Tesla’s Q1 2025 Earnings Call was a long one, going almost 90 minutes. On the call Tesla leadership discussed a wide variety of topics including autonomy, Optimus, and energy, alongside its financial performance. They reiterated their commitment on bringing out new, low cost models in 2025 and provided more detail on their Unsupervised FSD rollout starting in Austin, TX this June. Here are my raw notes from the call: ...
Key Notes and Takeaways From 2024 Record Deliveries: Tesla set a new record for vehicle deliveries in Q4 2024, achieving an annualized rate close to 2 million vehicles. This was attributed to excellent work by the Tesla team in production and delivery management. Model Y Dominance: The Model Y was declared the best-selling vehicle globally in 2024, surpassing all other vehicles, not just EVs, highlighting Tesla’s market penetration. Autonomy Ambitions: Elon Musk stressed Tesla’s commitment to autonomy, predicting significant advancements in unsupervised Full Self-Driving (FSD) technology, with a planned launch in Austin in June 2025. Optimus Development: Tesla is rapidly developing Optimus, with plans to produce several thousand units for internal use by the end of 2025. The long-term vision sees Optimus contributing over $1 trillion in revenue. Energy Storage Growth: Tesla is expanding its energy storage capabilities with new factories, emphasizing the role of storage in enhancing grid efficiency and meeting future demand. Financial Performance: Despite challenges like lower ASPs due to discounts and financing options, Tesla grew both its auto and energy storage volumes, focusing on inventory reduction and cost per vehicle. Autonomy ...
Introduction Tesla’s Q3 2024 earnings call was a banger, revealing the company’s current standing as well as their future plans. If you are pressed for time or would just like a quick overview of today’s call, here is my summary based on the notes I recorded. Enjoy! Autonomy We, Robot event was successful, thousands of people were transported autonomously without a single incident 20 Cybercabs and 30 Model Y vehicles were present at the event FSD v12.5 introduced support for Cybertruck and end-to-end on highway support with a single stack Actually Smart Summon (ASS) widely released FSD v13 expected to provide 5-6x improvement in miles between intervention when compared to v12.5 When looking at the entire year (January 1st, 2024 - December 31st, 2024), Tesla expects miles between intervention to increase by 3 orders of magnitude Critical interventions have been reduced by 100x from early 2024 to present FSD v13 is expected to reduce critical interventions by 1000x from early 2024 Higher frame rate coming with FSD v13 By Q2 2025, Tesla aims to surpass the average miles between critical interventions for humans; This means at this point Tesla FSD will be statistically safer than a human driver Tesla will continue to offer up a free 30-day trial of FSD with every major release of FSD FSD take rate continues to increase significantly, especially after the 10/10 event Tesla has been operating a ride-hailing capability for employees in the Bay Area for almost a year now This ride-hailing offering has been utilizing safety drivers Ride-hailing is going to be rolled out to the public in 2025 for California, pending regulatory approval; Texas likely to be first due to faster regulatory process Q3 vehicle safety report: 1 crash per 7M miles of Autopilot usage (10x safer than US average) AI training capacity has been expanded for FSD and Optimus needs With recent additions in compute capacity, Tesla is not currently training compute constrained FSD problem areas are becoming more difficult to find as reliability improves (good problem) The new Optimus hand and forearm demoed at the We, Robot event, offers 22 degrees of freedom “We have the most advanced humanoid robot by a long shot, and moreover, the only company that has the ingredients ready to scale humanoid robots” -Elon Musk Elon believes Optimus will one day be Tesla’s most valuable product Vast majority of 7M vehicles produced are capable of autonomy Tesla has started training FSD with their current fleet of Semis Cybercab will be built to FMVSS regulations for nationwide sales like all other Tesla vehicles Tesla found it easier to focus FSD development on HW4 and backport to HW3 For HW3 owners, Tesla has reassured them they will be taken care of if HW3 proves to not be adequate for their cars to support unsupervised FSD “There is some chance that HW3 will not achieve a safety level that will allow for unsupervised FSD. If that turns out to be the case, we will upgrade those who bought HW3 & FSD for free” -Elon Musk xAI has been helpful to Tesla in scaling up training infrastructure and improving training resiliency Elon reiterated xAI’s goal of working on general artificial super intelligence while Tesla is hyperfocused on autonoomous cars and robots Elon mentioned that he believed that Tesla is one of hte most efficiecnt inference AI companies out there “It’s (Grok) answering questions on a 10kW rack, it’s like we can’t put that in a car, it’s a different problem” -Elon Musk “Please no!” -Lars Moravy When asked if Tesla will introduce support for X & Grok in-car, Elon said that would be"small fry things" He then went on to say in-car infotainment will continue to be a big focus, especially as autonomy performance grows Tesla will further improve the in-car browser experience so you can access anything Elon advocated for a national approval process for autonomy Low-cost models ...
Tesla AI Day 2022 has been one of the most eagerly anticipated Tesla-related events of the year and it did not disappoint! As a FSD Beta Tester & techy, I was extremely excited to learn more about the underlying innovations that Tesla has come up with as they continue to develop their Full Self Driving solution. It was also exciting to see Optimus for the first time & better understand where Tesla is at in the product’s development cycle. I did my best at taking notes and have shared them below for your reference. If you are interested in rewatching the event you can do that by clicking the link here. Enjoy! ...