Cybertruck Photography

Q3 2024 Shareholder Update → ir.tesla.com — Highlights - Produced our 7 millionth vehicle at Fremont factory! - Preparations for new vehicles remain underway (including more affordable models), which we'll begin launching in the first half of 2025 - Record gross margin for @teslaenergy - COGS (cost of goods sold) per vehicle came down to lowest level ever – key to enabling affordability Vehicle US @tesla_na - Refreshed Model 3 ramp continued successfully - @cybertruck production increased sequentially & achieved a positive gross margin for the first time (congrats @cybertruck 🫡) - Preparation of the Semi factory continues and remains on track with builds scheduled to start by the end of 2025 China @Tesla_Asia - Giga Shanghai produced its 3 millionth car & exported its 1 millionth car Europe @teslaeurope - As of Q3, Model Y is the bestselling vehicle of any type in 2024 in Sweden 🇸🇪, Netherlands 🇳🇱, Denmark 🇩🇰 & Switzerland 🇨🇭 Thank you to our owners! AI/Hardware @teslasi - In Q3, we released FSD Supervised 12.5, bringing improved safety & comfort thanks to a 5x increase in the number of parameters, data & training compute (will continue to scale in Q4) - We also released Actually Smart Summon & deployed FSD Supervised to @Cybertruck, including end-to-end driving on highways for the first time - Compute rules everything around us: We're already training on a 29k H100 cluster at Giga Texas – expecting to have 50k H100 capacity by end of October Vehicle & other software - Summer Release shipped with features like Parental Controls, YouTube & Amazon Music as native apps, Hands-Free Frunk, added weather forecast & other improvements Powertrain, Battery & Manufacturing - Unveiled Cybercab & Robovan at our We, Robot event in October – both purpose-built for autonomy from the ground up - Cybercab will be built on our next-gen platform, which includes a new powertrain with an estimated 5.5 mi/kWh – our most efficient one yet - Produced our 100 millionth 4680 cell & continue to progress our dry cathode manufacturing lines Energy @teslaenergy - Megafactory in Lathrop demonstrated 200 Megapacks/week (40 Gwh run rate) @Tesla_Megapack - Powerwall deployments reached a record for the 2nd quarter in a row - As of Q3, over 100k Powerwalls were enrolled in VPP programs!