$TSLA Conference Call Summary:

YawningKitty_x_x joined discussion · Oct 24, 2024 10:32

We are the future of energy, transport, robotics, and AI, while others are just following the trends.

We think we are doing it right, and if we achieve these objectives, we believe we’ll be the most valuable company in the world by a long shot.

While others have seen year-over-year volume declines, we have achieved record deliveries.

We also continued to squeeze out costs, and in the third quarter, we reached our lowest cost per vehicle.

This is a trend we continue to focus on. We don’t believe any other EV company is profitable, and we don’t believe any EV division is profitable, but yet we had a record.

We differentiate ourselves from other car manufacturers because they make most of their money on servicing the vehicles, so they aren’t incentivized to lower the service costs, but we service the vehicles ourselves, and we are fundamentally motivated to lower those costs.

We have more affordable models coming in the first half of 2025, and we expect 20 to 30% vehicle growth next year. We expect the Cybercab to reach full production in 2026, and we are aiming for two million Cybercabs per year. The Cybercab isn’t just a revolution in autonomy or for a vehicle, but it is also revolutionary in manufacturing. There is no reason to wait for Cybercab for autonomy though, because we expect FSD to be available in Q2 of next year. We also expect ride-hailing in California and Texas to be available to the public next year. $Tesla (TSLA.US)$