Tesla's Q3 Earnings Call: Listen to Replay of Event

By Kevin Armstrong
Tesla lowers lease prices on the Model 3 and Model Y
Tesla lowers lease prices on the Model 3 and Model Y
Joe Tegtmeyer

Tesla's third-quarter earnings call is tomorrow, October 18th at 5:30 pm ET, and it may be one for the books. While there will be talk about the quarter that was, the focus will be on the future. Most notable the Cybertruck and the Model 3 Highland.

This call will also mark a changing of the guard or Master of Coin. Zachary Kirkhorn stepped down as CFO in August, and Vaibhav Taneja, Tesla's Chief Accounting Officer, was promoted.

As always, Tesla opened the questions up to investors and encouraged others to vote the question up or down. These pressing inquiries offer a glimpse into retail and institutional investors' collective concerns and curiosities.

Cybertruck Deliveries: Not surprisingly, the number one topic is the long-awaited Cybertruck. The question of how many deliveries Tesla anticipates for 2024 underscores the importance of the vehicle in Tesla's future strategy and the electric truck market. Also, a fleet of Cybertrucks has gathered outside GigaTexas, as we expect a delivery event date to be announced soon.

Model 3 Highland's US Availability: The refreshed Model 3 is on the showroom floor across the ocean, but no word when the Highland will appear in North America. This is a big deal for investors and buyers. It is believed many buyers are waiting on the latest Tesla, and if so, the floodgates will overflow with sales.

The 4680 Battery Cell Update: Tesla's Battery Day left many in awe, with the 4680 cell being the crown jewel of the event. The progress towards its performance enhancements and cost savings could be a game-changer for Tesla's energy storage and electric vehicle range capabilities. Shareholders are eager for an update on this groundbreaking technology.

Expansion Plans and Factory Updates: Tesla's international growth, particularly in Europe, is a focal point for many. Investors seek clarity on capacity expansion at Tesla's Berlin and Austin factories. Furthermore, the timeline for opening the much-discussed Gigafactory in Mexico is also in the spotlight.

Pricing Decisions on FSD: Full Self-Driving (FSD) is seen as a pivotal aspect of Tesla's future. With the recent price drop, despite improvements, investors are curious about the rationale behind this decision and its implications for the company's autonomous driving strategy.

Legal Liability on FSD: Mercedes has recently started accepting legal responsibility when their Level 3 Drive Pilot system is engaged. This move raises the question: will Tesla follow suit with its FSD? This question is paramount, given the public's scrutiny of autonomous driving safety.

Growth Expectations for 2024: Last but not least, growth projections for 2024 have emerged as a critical topic. The consensus anticipates Tesla will deliver approximately 2.3 million vehicles, marking a 28% growth from 2023. Investors are intrigued by whether this can be achieved without a significant mass-market launch and how this aligns with Tesla's long-term Compound Annual Growth Rate targets.

While the numbers from the earnings report will undoubtedly be critical, these seven questions underline the strategic moves and decisions that will shape Tesla's future. The upcoming call promises to be enlightening, shedding light on Tesla's vision and the electric vehicle market's trajectory.

Listen Live

You can listen to Tesla's earnings call above live at 2:30 pm PT / 5:30 pm ET / 9:30 pm UTC.

Tesla Is Removing Steam Gaming in New Model S and Model X Vehicles

By Karan Singh

Tesla is no longer including Steam support in any of its newer Model S and Model X vehicles, according to messages received by customers who are awaiting deliveries of the flagship vehicles.

Tesla previously introduced the Steam beta to newer versions of the Model S and Model X refreshes which had 16GB of RAM as part of the 2022 Holiday Update. This update didn’t support slightly older vehicles with only 8GB of RAM, but a retrofit was available for $2,000 USD.

Tesla No Longer Supporting Dedicated GPUs?

The Cybertruck also did not receive a dedicated graphic processing unit (GPU), with many people noting that they did not have access to Steam on their Foundation-series Cybertrucks and GreenTheOnly later confirmed the Cybertruck did not include a GPU. The Cybertruck also shipped with only 8GB of RAM, matching the Model 3 and Model Y MCU 3 versions based on AMD Ryzen chips.

This could be an indication that Tesla is phasing out the GPUs, as well as the larger RAM packages that came bundled with their top-end vehicles, likely due to cost-cutting, hardware streamlining, and optimization.

Tesla is removing Steam support on newer vehicles
Tesla is removing Steam support on newer vehicles

Future of Steam Support

While the AMD Ryzen RDNA-2 APUs that are built into every Tesla MCU are quite powerful and very capable of rendering 3D or 2D graphics when in mobile configurations, there has been a distinct lack of Steam support on other vehicles, due to the 8GB of RAM.

Given the removal of GPUs from the flagship vehicles, there is also a chance that the RAM on newer Model S and X vehicles will also be facing a reduction similar to the Cybertruck. The Steam Beta could very well be on its way out.

The other possible alternative would be an updated Steam Beta that supports 8GB of RAM, and does not require a powerful GPU, as people may not do too much hardcore gaming on their vehicles.

Gaming Alternatives

Some gaming applications still live on in Tesla’s Arcade Mode, including the ever-popular Cuphead, Sky Force Reload, and Vampire Survivors. We previously discussed Tesla’s lack of Google Casting and Apple Airplay, but a fantastic alternative would be providing HDMI pass-through support on the Glovebox USB-C port.

Imagine being able to connect your phone to Tesla’s displays and gaming on a much larger 19” screen (screen size comparison) as seen on the Cybertruck.

The Future of Tesla Compute

Elon Musk mentioned in the 2024 Tesla Earnings Call that the unused compute power of Tesla vehicles not being driven was equivalent to a larger computing system like Amazon’s AWS. One idea floated by Musk was to use the computers of parked vehicles to conduct inference, data processing, and other tasks – selling the compute capabilities of vehicles to external organizations, while also paying back the owner.

Tesla Releases FSD v12.4: New Vision Attention Monitoring, Improved Strike System With Update 2024.9.5

By Not a Tesla App Staff

Tesla has just rolled out its latest FSD software, v12.4 to employees. Elon Musk announced that this update would be available to employees this past weekend, with plans to release it to the public in small numbers later this week.

Surprisingly, the new update is version 2024.9.5, which is likely based on the earlier 2024.8 branch and not Tesla's latest 2024.14. The spring update (2024.14) brings various new features such as a new media player, a new parked visualization, Audible support, and a Preview of Sentry Mode events, among others.

However, FSD v12.4 brings its own excitement with two new major changes.

Vision-Based Attention Monitoring

The release notes show a new Vision-Based Attention Monitoring feature that replaces the steering wheel nag as Musk previously mentioned.

However, as we predicted, Tesla will still leverage the steering wheel to detect attentiveness when the cabin camera is inconclusive.

The car can only rely on the vehicle's cabin camera, and therefore remove the steering wheel nag under certain conditions:

  • the camera is not occluded

  • there is sufficient lighting

  • the driver is looking forward

  • the driver is not wearing sunglasses

  • the driver is not wearing a low-brim hat or another object that covers their eyes

If any of these situations occur, or if the vehicle doesn't have a cabin camera, then the vehicle will continue to use the steering wheel to determine driver attention.

Tesla is careful to state that images and video from the cabin camera are not saved or transmitted unless you enable data sharing.

Updated Strike System

With FSD v12.4, Tesla has also updated its Autopilot Suspension feature which is designed to enforce the responsible use of FSD.

The current system lets the driver receive up to five strikes (three strikes for vehicles without a cabin camera) before Autopilot and FSD become unavailable. If that happens, then FSD is unavailable for one week. Strikes are only removed once the driver has accrued five strikes, or when Tesla wipes out strikes for everyone, which happens about twice a year.

The new system is more gracious about removing strikes. The vehicle will continue to issue strikes whenever the driver isn't paying attention, however, now the vehicle will gradually remove strikes for the driver after a certain period of time.

Tesla states that one strike will be removed for each 7-day period the driver goes without receiving a strike. So if FSD gets disabled due to strikes, the driver will still go one week without FSD, although now strikes are removed on an ongoing basis. This new strike system is expected to apply to vehicles with and without a cabin camera.

Other New Features

Other new features are expected in FSD 12.4 as well, which we outlined in our look at Tesla's FSD v12.4 article.

They include a focus on improved driver comfort by reducing the amount of hard braking, automatically seeking a parking spot when arriving at a destination and more. Driver interventions are also expected to be drastically reduced with Musk stating that Tesla expects to see a 5-10x improvement in interventions.


Unfortunately, due to FSD v12.4 being on branch 2024.9, it's expected to only be available to owners on update 2024.8 and below, which includes everyone currently on update 2024.3.25.

If no major issues are found with FSD v12.4, we could see it start to roll out to the public later this week.

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Although we share official Tesla release notes, we are not affiliated with Tesla Motors. We are Tesla fans and supporters.

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