Tesla Releases Q3 2024 Production & Delivery Numbers

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This morning, Tesla shared its production and delivery figures for the third quarter of 2024, showing continued growth in vehicle production and energy storage deployments.

For Q3, Tesla produced a total of 469,796 vehicles, with 462,890 vehicles delivered to customers. The Model 3 and Model Y accounted for 443,668 vehicles produced and 439,975 delivered. Tesla's other models — which Tesla doesn’t break out, include the Model S, Model X, Cybertruck, and Semi, which made up the remaining 26,128 vehicles produced and 22,915 delivered.

The energy storage business also saw strong growth, with 6.9 GWh of storage products deployed during the quarter. This is down from 9.4 GWh last quarter, which was a quarterly record for Tesla.

Q3 2024 Production & Deliveries Breakdown

The delivery numbers met Wall Street expectations, which forecasted about 463,000 units. Tesla’s numbers mark a 6% increase year-over-year and a 4% growth over the previous quarter.

Tesla’s Q3 Financial Results Announcement

Tesla plans to release its complete financial results for the third quarter after market close on Wednesday, October 23, 2024. Following the results, Tesla management will hold a live Q&A webcast to discuss the company’s financial performance and outlook.

• When: Wednesday, October 23, 2024

• Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time

• Webcast: Tesla Q3 2024 Webcast (live and replay will be available)

Tesla will also have an archived version of the webcast will be available on Tesla’s website approximately two hours after the session concludes.

Financial Performance

Tesla emphasized that vehicle deliveries and energy deployments are just two of the many metrics that reflect the company’s overall financial performance. The company’s quarterly financial results will be influenced by factors such as average selling price, cost of sales, and foreign exchange movements. The full financial results will be shared in the 10-Q filing, covering the period ended September 30, 2024.

As the company prepares for its third-quarter earnings call later this month, industry watchers will be looking closely for updates on its ongoing projects, including the Cybertruck ramp-up, energy division growth, and developments in new markets.

For more information, visit Tesla Investor Relations.

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Tesla's Robotaxi Event - We, Robot - Everything Announced

Sawyer Merrit on X

Did you miss Tesla’s biggest event since its inception? No worries, we have you covered.

We’ve got a straightforward and easy-to-digest recap below, split and organized by sections. Of course, we’ll dive into some of the bigger subjects in detail over the upcoming days, so stay tuned!

Event Info

• Tesla’s We, Robot event was centered on the future of autonomy

• 5 “neighbourhoods” were created

• Westworld offered Texas BBQ and the stage for the event

• Metropolis had arcade games, and the ability to take a swing at Cybertruck

• TSLA Theater had pizza and desserts, as well as a movie on a gigantic screen

• New York brought a block party with live music and street performers, as well as street snacks

• Finally, the last area was Merch – which, surprise – offered Tesla Merch, including gear, apparel, posters, and more

• Elon Musk arrived in style in a Robotaxi to kick off the event

Master Plan Part 4 Reference Poster

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General/Master Plan Part 4

• The event made multiple references to Master Plan Part 4, but we haven’t seen the official document yet

• Today’s transportation infrastructure is too expensive, not safe, and not sustainable

• 10 hours a week of use of consumer vehicles out of 168 hours a week

• Unsupervised Full Self Driving – Fall asleep and wake up at your destination

• Increased free time for humans

• Goal is to remove parking lots, as less will be needed in the future of autonomous vehicles

• Create green space in the cities we live in

AI Poster

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Robotaxi/Cybercab

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• The Cybercab has 2 doors, 2 seats, and is a 4-wheeler, as expected

• It has a front and rear lightbar, similar to Cybertruck

• Painted aluminum (not stainless steel)

• No rear or top glass

• No steering wheel or pedals

• Butterfly doors

• Large center screen

• Has large, hatch-like trunk

• 20 vehicles produced and ready at the event, with 30 additional Model Ys

• Autonomous vehicles will be 10x safer than humans

• Low cost for autonomous transit; $1/mi for buses, Cybercab around $0.2/mi ($0.4 after taxes and fees)

• Will be available for purchase

• Will cost below $30,000 USD

• One person will be able to take care of a small fleet easily

• Cybercab production begins before 2027

• Comes with inductive charging

• Tesla Social Media mentioned Fleet Management software

• Tesla showed off an automated cleaning system in the video, vacuuming the vehicle, wiping the seats and screens

• CyberCab will still be Vision-only, no need for radar or LiDAR

• Call it once, and its available for you all day, for either quick trips or long trips

Elon Musk Poster

Sawyer Merrit on X

RoboVan

• Tesla showed off a fully autonomous RoboVan with no front window

• Up to 20 people or can be set up for goods transport

• RoboVan has a Cyber aesthetic as well

• Large glass sliding doors

• Tesla seems to be going all-in on this aesthetic for its future vehicles

• RoboVan can be adapted to school bus or RV use

• RoboVan can also be adapted for personal use – this suggests it could be outfitted with a steering wheel and pedals

The CyberVan arriving

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AI and Hardware

• Unsupervised FSD in Texas and California in 2025, with Model 3 and Model Y

• Unsupervised FSD for S, X, and CT in the future

• AI has lived “a million lives” so it’s been trained on numerous odd situations

• Always pays attention and is always fully aware of its surroundings

• 10-30x safer than humans

• Focus on Tesla Vision – full autonomy, unsupervised for S, 3, X, Y, and CT

• Cybercab will have AI5, will have oversized compute compared to what’s required according to Musk

• Distributed inference compute brought up again

• No news on inductive charging for other vehicles

The Optimus Poster

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Optimus

• Optimus was brought out on stage again, walked with remote human assistance

• Attendees were allowed to interact with Optimus robots

• Optimus robots served drinks at the bar

• Expected to cost $20K-$30K USD

• Will eventually be an autonomous robotic assistant that can help with household tasks

• It can also be a humanoid friend, teacher, babysitter, etc.

• Elon mentioned the risks of AI Super Intelligence, and having to address it

• At the event, people could talk and interact with the Optimus units on the ground. Optimus movements were remotely assisted by humans. The robots voices also appear to have be humans that were in a remote location.

• Guests were not allowed to touch the Optimus units in the crowd

Another poster referencing Master Plan IV.

Jowua on X

If you missed the event, you can watch it below.

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Tesla 'We, Robot' Robotaxi Event: How and Where to Watch [Updated]

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Tesla’s Robotaxi event is coming up later today, and there’s lots of hype. It’s absolutely going to be a must-see event, so we’ve outlined how you can watch it tonight.

We’re even running a Robotaxi Event Prediction Contest – so go sign up to win some prizes from our fantastic sponsors.

If you weren’t one of the lucky lottery winners who managed to snag a ticket, there are a few ways to watch the Robotaxi event.

When

Tesla says the event will start at 10 PM EST or 7 PM PST. However, expect it to start fashionably late as usual. The agenda Tesla has provided is below.

Watch Live

The event is expected to be available on X, YouTube, and Tesla’s website. The links for X and YouTube are below. We’ll update this as the day goes along and Tesla adds additional sources.

• Watch the Robotaxi event live on X.

• Watch on YouTube (below)

Agenda

This is the agenda Tesla has provided. All times are PST.

3:00 PM: Parking Lot Opens

5:00 PM: Doors Open

5:30 PM: Check-In Begins

7:00 PM: Remarks

Watch in Tesla Showrooms

Tesla is also running events at its local showrooms worldwide. Many of these pop-up events have been organized by the Tesla showrooms or in conjunction with local Tesla Owner’s Club groups.

You can go to Tesla’s Events Page here and see if there are any showrooms open in your region. These events are in-person, and a good way to hang out with local Tesla fans and owners to watch one of the biggest events in Tesla’s history. If you don’t see an event listed, try calling your local Tesla showroom or contacting your local Owner’s Club. Other events may be running locally that you could attend.

Location

Warner Brothers Studios

3499 Warner Blvd, Burbank, CA 90068

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