- cheaper car announcement
- something concrete on robotaxi, not likely
- current model refresh, they are getting old
Numbers:
- Q3 EPS $0.72, Est $0.60
- Q3 Rev $25.18B, Est $35.43B
- so slight top line miss but nice bottom line beat
- Automotive gross margis of 17.1%, Est 14.9%
- I think higher gross margins are becaus peopel are buying their software( FSD and smart summon)
- Second highest quarter for regulatory credit revenue, neat way for the government to subsidize a car manufacturer without subsidizing them
- still behind last years sales numbers
- Cybertruck has reached profitablility
- more than 100,000 powerwalls enrolled as virutal power plants currently
Interesting Notes:
- next gen platform should get about 5.5 miles/kWh, for context Lucid currently has the most efficient drive train around 5 miles/kWh( by lucid's claim)
- supposedly next gen cheaper car in late 2025
- nothing other than lip service to robo taxi
- “We deployed and are training ahead of schedule on a 29k H100 cluster at Gigafactory Texas – where we expect to have 50k H100 capacity by the end of October.”
- note: check which company owns that server farm
- after laying off the supercharger team, that network somehow grew 22% YoY
Two other notes that people might find interesting....
> "According to Bernstein analyst Toni Sacconaghi, Tesla’s core electric-vehicle business is likely worth less than $200 billion, suggesting its market capitalization reflects a value of about $600 billion for other endeavors, such as the robotaxi and the Optimus humanoid robot. "
The DOJ has just informed Elon that paying voters to register may be illegal.