So, here we are—another Tesla quarterly update, and as usual, there’s plenty to talk about. If you’ve been following Tesla (and you probably have if you’re here), you know these updates are where the magic happens. This one? It’s full of milestones and a few hints at what’s coming next. Let’s dive into the highlights—without the corporate buzzwords.
7 Million Vehicles and Counting
Yep, Tesla just rolled out their 7 millionth vehicle from the Fremont factory. Seven million! That number’s insane when you think about how far Tesla’s come. I mean, do you remember when everyone doubted Tesla would even hit 100,000? Now we’re talking millions. It feels like yesterday Elon was tweeting about ramping up production, and now... well, here we are. The question is, how many more can they crank out before the next big wave of models?
Affordable EVs Incoming
Speaking of the future, here’s what I’m really excited about: Tesla’s been laying the groundwork for some more affordable models, set to launch in 2025. If you're thinking that sounds ambitious—yeah, it is. But Tesla’s been driving down their costs, with the cost of goods sold per vehicle hitting an all-time low this quarter. That’s huge because lower costs mean lower prices. So, for anyone out there waiting to join the EV club without breaking the bank, your time is coming.
Tesla Energy is Quietly Exploding
Let’s not skip over Tesla Energy, because this division is quietly becoming a powerhouse. They just reported a record gross margin, and their Megapack factory is now pumping out 200 Megapacks a week. That’s 40 GWh annually—enough to power a small city. And let’s talk Powerwall—over 100,000 Powerwalls are now part of Virtual Power Plant programs. That means homeowners are literally becoming their own mini power stations. It’s kind of wild to think about, right?
Cybertruck’s Profit Margins: Tesla Profit Margins 2024
Ah, the Cybertruck. If you’ve been following its rollercoaster journey, this one’s for you: production is up, and it finally hit positive gross margins this quarter. That’s a huge win for Tesla profit margins in 2024. Let’s be honest—when that prototype hit the stage with its broken windows (thanks, Franz), a lot of people had their doubts. But Tesla’s proving it can get this thing to scale, and hey, a profit on top of that? Not too shabby. I can’t wait to see more of these on the road.
Meanwhile in China and Europe...
While we’re on the topic of world domination, Giga Shanghai just celebrated its 3 millionth car produced and exported its 1 millionth vehicle. Those are big numbers, folks. And over in Europe, the Model Y is crushing it—becoming the bestselling vehicle in Sweden, the Netherlands, Denmark, and Switzerland. Yeah, that’s right: not bestselling EV, bestselling car, period.
FSD Supervised Just Got Smarter
On the AI front, Tesla rolled out FSD Supervised 12.5, bringing a 5x boost in parameters. That’s tech speak for “it just got way better at handling the road.” More safety, more comfort, more of that hands-off driving future we keep talking about. And for Cybertruck fans, here’s the kicker: FSD Supervised is now live on Cybertruck, including end-to-end highway driving. Cybertruck + FSD on the highway? Yeah, I’ll take that.
AI Power Play
Tesla’s also flexing its AI muscle in a big way, training on a 29k H100 cluster. Not sure what that means? Imagine having the brainpower of 29,000 supercomputers working in unison to make your car smarter. And by the end of October, they’re ramping that up to 50k H100s. Basically, Tesla’s putting itself miles ahead in the AI race.
Oh, and Did Someone Say Cybercab?
Finally, the Cybercab and Robovan made their debut at Tesla’s We, Robot event in October. These aren’t your regular vehicles—these are purpose-built for autonomy, and they’re coming with Tesla’s most efficient powertrain ever: 5.5 miles per kWh. That’s a huge leap in efficiency and a big deal if you’re thinking about the future of autonomous ridesharing.
So, there you have it—Q3 2024 in all its glory. Tesla’s not just doing big things, they’re doing things that feel like the future. From affordable EVs to record-breaking energy moves, to a Cybertruck that’s finally profitable, this quarter has all the makings of another Tesla win.
If you're not in on Tesla yet, the question is: what are you waiting for?
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