Tesla Q3 Earnings Call: Info on Safety Score, Tesla Insurance and more

By Nuno Cristovao

Tesla had it's Q3 earnings call and as usual there were some interesting tidbits to come out of this call outside of Tesla's financial information.


Tesla's current goal is to manufacture over a million vehicles in a given year. Toward the end of Q3 they reached an annualized production rate that exceeded 1 million. If Tesla can continue the trend then they will be able to achieve their goal of a million vehicles produced in a year. This does not account for its Texas and Berlin Giga factories which will only help increase their manufacturing rates.

Tesla to eventually manufacture 20 million vehicles per year

The goal is to get Tesla producing millions of vehicles per year with the addition of Texas and Berlin Giga factories and longer-term Tesla's goal is to produce 20 million vehicles yearly.

The new Model X has started production and is ramping up.

4680 Cell Batteries

The future for Tesla is its 4680 structural battery packs. Tesla said that they're testing the batteries and aim to have testing completed this year, although there could be some unknowns. Tesla expects to have the first vehicles with 4680 batteries early next year.

This is great news for Tesla as the 4680 cells offer improved battery density and other efficiencies while also reducing the weight of the vehicle. Having 4680 cells available early next year is a pleasant surprise as most were not expecting Tesla to be as far along as they are regarding these batteries.

$25k Tesla

Tesla is not looking to add any new vehicles to their production lines right now. There is a large Tesla backlog that is continuing to grow so the focus right now is on manufacturing current vehicles and meeting demand. The next vehicles produced will be the Cybertruck, new Roadster and the Tesla Semi.

Best Selling Vehicles

Tesla announced that the Model 3 is currently the best selling premium sedan worldwide. The Model Y is poised to be the best selling vehicle in the world.

Texas and Berlin Giga Factories

Tesla's new factories are nearing completion. They are close to starting production of vehicles.

Although the first produced vehicles for these factories will be this year, we should not expect any deliveries from these new factories until 2022.

The hardest work is ahead and ramping these factories up to 5k and then 10k vehicles. They will start off by producing current vehicles and Texas Gigafactory will then add on the Cybertruck.

Both Texas and Giga factories were built to have room to expand.

Safety Score and Tesla Insurance

The Safety Score started off as a way to produce insurance in California. Tesla has found that providing their own insurance based on actual driver metrics is a great way to lower the overall cost of a Tesla.

Tesla introduced Tesla Insurance into Texas and is seeing good growth there. Their goal is to offer Tesla Insurance in every market that Tesla sells in. It'll be a slow process since each state needs to be approved individually.

The Safety Score has been working really well and it's something Tesla wants to continue developing and improving.

There are 150,000 cars that are using Safety Score right now for the FSD Beta. They have racked up 100 million miles of driving already in the last month.

Tesla is also noticing huge decreases in the probability of an accident. A customer who uses the Safety Score has a 30% lower chance of being involved in an accident.

Super Chargers

Tesla continues to view Superchargers as a necessity and will continue to rapidly expand them. The Supercharging network has doubled in the last 18 months and Tesla plans to triple it over the next couple of years.

Sometimes stations can become clogged but Tesla is actively working on improving congestions beyond just increasing the amount of chargers available.

Tesla vehicles are becoming smarter when choosing where and when to charge. When your car chooses to stop at a Supercharger in order for you to get to your destination, it will now take into account the real time usage of nearby Superchargers so that it can navigate you to one with lower usage.

Tesla has also been rolling out updates to reduce the amount of time each car needs to spend at a Supercharger. This includes warming up the batteries when you're on-route to a Supercharger which will let you charge faster than if your battery was colder.

The car is also better at determining exactly how much you need to charge before you can reach your destination which reduces customer wait time and congestion of the Supercharger as well.

Tesla continues to roll out more v3, 250Kw chargers. These chargers when coupled with some of Tesla's newest batteries allow much faster charging, allowing cars to spend last time at Superchargers.

FSD Subscription

Tesla says that it's still early to tell how well their FSD subscription is doing but they have not noticed a decrease in the buy rate for the FSD package as that remains a better value.

However they have noticed that more owners are willing to try out FSD by buying a subscription, which introduces them to what is available with FSD.

As Tesla's FSD matures and the FSD beta comes more widely available, Tesla expects additional revenue to come from the FSD subscription.

Ability to Transfer FSD to Another Vehicle

Tesla does not plan to offer this, but what they did say is that if you trade your car to Tesla they will give you more for a car that has FSD when compared to one that doesn't. That value can then be applied to a new Tesla.

Tesla is viewing this as a sort of transfer of FSD since you won't lose everything you paid for and could use that additional value to be applied to the next vehicle's FSD package.


The Cybertruck is on track to launch late next year. There are various alpha trucks being tested now with various features. Tesla mentioned that the alphas have been spotted on social media. The Cybertruck we saw recently with side mirrors and slight modifications appears to be one of these alphas.

Tesla confirmed again that the Cybertruck will have rear steering. Tesla is testing these various alphas to mature the design of the truck. There are a number of smaller or less visible improvements that have been made to the truck.

Why Service is Slow

Tesla is aware that service has been bogged down and slower than normal. They attribute this to the sudden return to normalcy, where demand for service has increased due to many customers holding off on services during the pandemic. Parts are sometimes slower to get as well due to the global shortage.

Tesla expects both of these issues to clear up over time.

They reiterated that the best service is no service. Tesla continues to increase build quality and provide pre-emptive warnings for service so that customers have a sudden need for service. For example, the car will let you know if your 12-volt battery is providing lower voltages than expected so that you can have it looked at before it becomes critical.

Tesla's Next FSD v12 Update Will Be Available For Users on 2024.8

By Not a Tesla App Staff

Tesla will soon roll out a FSD v12 which is compatible with update 2024.8 Tesla began its public rollout of FSD v12 last month, which brings a much more refined, human-like experience to the self-driving software.

To celebrate the achievement and show owners how big of an improvement FSD v12 is, Tesla offered a free month of FSD to all owners with compatible vehicles in the U.S. and Canada.

However, there was a caveat. The latest FSD v12 (v12.3.4) is Tesla update 2024.3.15. Since Tesla doesn't roll back updates since the process isn't rigorously tested, that means many owners who had already received Tesla update 2024.8.9 were left without a free trial and access to FSD v12.

Subscribing to FSD on Update 2024.8

In fact, if you're in the U.S. or Canada and subscribe to FSD while on update 2024.8.x, you'll actually receive the older, and quite a bit worse FSD v11.4.9.

The FSD v12 update has been highly anticipated and aims to finally upgrade Tesla’s ADAS level 2 system to something higher. Musk has talked about level 4 or 5, and even recently said Tesla is going all-in on FSD.

FSD v12 for Update 2024.8 Is Coming

Rohan Patel, who recently left Tesla, recently said that Tesla is already working on an FSD v12 update that is compatible with users on update 2024.8.x. This means that the next FSD update may finally be based on the 2024.8 codebase.

However, just this morning Tesla released the next major update to the platform, update 2024.14 for employee testing. The update is massive and includes an updated UI, hands-free trunk opening, a full-screen browser and more.

However, Patel never specified which codebase the next FSD update would be based on. If it's based on update 2024.8, then users who are upgraded to 2024.14 in the next couple of weeks may face a similar fate as users on 2024.8 today.

Release Date

Patel said to expect the release of the next version of FSD v12 this week. Since update 2024.14 is still being tested with "wave 1" employees, we'll likely see one of two things happen. We may see the next FSD update be based on 2024.8 and released very soon, or it'll be based on update 2024.14, but it may not be available for another couple of weeks.

Once this update arrives, owners with a Tesla on 2024.8.x will finally be able to update and receive their one-month trial of FSD v12 and finally experience what everyone has been excited about.

Tesla Adds V12 User Interface, Full Screen Browser Button, Nav Improvements, Full Screen Visualizations for All

By Not a Tesla App Staff

Tesla's latest V12 user interface will change the look and feel of some of the vehicle’s operations. This new interface, announced on X, is already partially available on the Cybertruck but will now be rolled out to the Model 3 and Model Y, equipped with AMD Ryzen processors according to Tesla. However, the new Model S and Model X will likely receive it as well, although possibly not at the same time. It integrates several new features and aesthetics that set new standards in vehicle interface design.

The new interface will become available in Tesla update 2024.14, which started rolling out to employees yesterday.

Centralized Vehicle Visualization

A standout feature of the v12 UI update, not to be confused with FSD v12, is the centralized vehicle visualization, which dominates the display while parked (shown in photo). This design choice enhances visual appeal and improves functionality by placing critical vehicle performance metrics, and status updates front and center. Similar to the layout in the Cybertruck, this feature provides drivers with a clear and immediate view of their vehicle's status and shows off the gorgeous 3D model.

Improved Navigation

The navigation system will see several improvements. You’ll now see a little trip progress bar that lets you visually see how far along you are on your route.

If your vehicle has a rear screen, as in the new Model 3, the redesigned Model S or Model X, then trip information such as ETA will also be displayed on the rear screen.

Tesla already has the ability to update your route if a faster route becomes available. You can change some of these settings under Controls > Navigate. However, now the vehicle will show you if a faster route becomes available and gives you a chance to cancel the updated route if needed.

Expanded Autopilot Visualizations

Tesla is now bringing its full-screen visualizations outside of North America. However, there will be some improvements as well. In addition to being able to have the visualizations go full screen, there will now be a small map displayed in the corner as well.

That’s one of the issues with the full-screen FSD visualizations right now. If you make them full-screen, you lose your navigation map completely and only have the next turn available.

This will be the first time full-screen visualizations are available outside North America. It’s not clear whether all the FSD visualizations will be available such as traffic lights, curbs and more will be displayed, but Tesla has slowly been adding additional visualizations for non-FSD users, so there’s a chance that this feature will finally display all FSD visualizations to users outside of North America.

It’s not immediately clear whether this feature will require Enhanced Autopilot or FSD.

Full-Screen Browser Support

With this update, Tesla will finally let you manually make the browser full-screen. While this will make Tesla’s Theater apps a little redundant since they just loaded the website of the selected streaming service, you’ll now be able to stream any video service full screen, as long as the service supports Tesla’s browser.

As expected, the full-screen button will only be available while the vehicle is parked.

Checking Compatibility and Availability

Owners can verify their vehicle’s compatibility with the new full-screen visualizations while parked and driving by navigating to Controls > Software > Additional Vehicle Info on their Tesla’s touchscreen. This update is tailored for Tesla vehicles equipped with the AMD Ryzen processor.

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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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Take a look at features that Elon Musk has said will be coming soon.


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