Tesla: Q4 & Full Year 2024 Shareholder Update → https://ir.tesla.com
Highlights
– We expect Model Y to become the world's bestselling car of any kind for the 2nd year in a row
– And it's become even better, with the New Model Y now launched in all markets. Production will begin ramping at all factories with deliveries following in all regions later in Q1
– 2025 will be a seminal year in Tesla's history as Full Self-Driving continues to rapidly improve & ultimately exceed human levels of safety
We're also expecting to launch Robotaxi services in parts of the US later this year & continue to work on launching FSD Supervised in Europe & China in 2025.
Vehicle
US @tesla_na
– Semi factory construction continues, with first truck builds scheduled for end of 2025 & ramp in early 2026
– Cybercab lines are being prepared at Giga Texas with volume production planned for 2026
– We expect @Cybertruck to be eligible for the IRA consumer tax credit, helping improve affordability & access
APAC @Tesla_Asia
– Record deliveries in China in Q4 thanks to Model Y ??
– Fastest growing brand in Korea ??
– Launched vehicle sales in the Philippines ??
Europe @teslaeurope
– Model Y was also the bestselling vehicle of any kind in Norway ??, Sweden ??, Denmark ??, Switzerland ?? & The Netherlands ??
– Most sold brand in Norway for the 4th year in a row ??
AI/Hardware @tesla_AI
– Completed deployment of Cortex, our ˜50k H100 training cluster at Giga Texas ?
– FSD Supervised can now start from park & perform unpark, reverse & park capabilities
– New Q4 record for miles driven between accidents in 2024: Teslas using Autopilot technology drove 5.94 million miles vs US average of .70 million miles
Vehicle & Other Software
– Holiday Release brought native Apple Watch support, viewing & saving Sentry/Dashcam clips directly in the Tesla app, precipitation forecast on vehicle screen & more
Battery, Powertrain & Manufacturing
– Processed our first spodumene through the front end of our Lithium Refinery only 18 months after groundbreaking. Much faster than any plant outside of Asia that we know of
– 4680 cell production hit rate exceeding 2.5k Cybertrucks/week
Tesla Energy @teslaenergy
– Energy business achieved another record in Q4 2024 with its highest ever gross profit generation
– Record deployments of Powerwall & Megapack combined at 11GWh
– Construction of Megafactory Shanghai was completed in Dec & will begin ramping this quarter
– Powerwall deployments achieved another record with Powerwall 3 launching in new markets
Charging @TeslaCharging
– Added over 3k Supercharger stalls to the network & delivered 1.4TWh of energy in Q4
– Unveiled V4 Cabinet, which supports 400V-1000V vehicle architectures & charges up to 500kW for passenger vehicles & 1.2MW for Tesla Semi
– Launched Battery Heating at Superchargers, a feature that gets vehicles with LFP battery packs back on the road up to 4x faster
– In 2024, we launched Superchargers in 3 new countries, added over 10k new stalls & grew the network by 19% YoY – now at 65k+ Superchargers worldwide ?
More to come in 2025...LFG
Thu Jan 30 2025 05:06:07 GMT+0800 (China Standard Time)
