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]
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
