Tesla Highlights from Elon Musk's Call
Profitability and Growth:
* Tesla is the only profitable electric vehicle (EV) company and division.
* Despite a challenging market, Tesla achieved record-breaking results in Q3, including the production of its 7 millionth vehicle.
* The energy business is experiencing rapid growth.
Future Plans:
* An affordable Tesla model is expected to be available in the first half of 2025.
* Elon Musk projects vehicle growth of 20-30% in 2025.
* Cybercab volume production is anticipated to start in 2026, with an annual output of 2-4 million vehicles.
* The 4680 battery cell is nearing competitiveness and will be the most cost-effective in North America. Tesla will continue to purchase cells from competitors.
Self-Driving Technology:
* Version 13 of Full Self-Driving (FSD) is expected to be released soon, with significantly fewer interventions than previous versions.
* Tesla aims for FSD to be safer than human driving by Q2 2025.
* A significant portion of the public is unaware of Tesla's self-driving capabilities.
* Customers will receive a 30-day free trial for each major FSD upgrade.
Ride-Hailing and Company Valuation:
* Tesla is using ride-hailing for its employees in the Bay Area, currently with safety drivers.
* Ride-hailing services are expected to expand to California and Texas in 2025, with potential availability in other states.
* Elon Musk believes Tesla will become the most valuable company in the world by a substantial margin.
Meanwhile, I am working for every penny to buy TSLA shares[Heart]
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