Tesla has its 2024 update on financials and operations.
Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025. These vehicles will utilize aspects of the next generation platform as well as aspects of our current platforms and will be produced on the same manufacturing lines as our current vehicle line-up.
This approach will result in achieving less cost reduction than previously expected but enables us to prudently grow our vehicle volumes in a more capex efficient manner during uncertain times. This should help us fully utilize our current expected maximum capacity of close to three million vehicles, enabling more than 60% growth over 2024 production before investing in new manufacturing lines.
Our purpose-built Robotaxi product – Cybercab – will continue to pursue a revolutionary “unboxed” manufacturing strategy and is
scheduled for volume production starting in 2026.
2025 will be a seminal year in Tesla’s history as FSD (Supervised) continues to rapidly improve with the aim of ultimately exceeding human levels of safety. This will eventually unlock an unsupervised FSD option for our customers and the Robotaxi business, which we expect to begin launching later this year in parts of the U.S. We also continue to work on launching FSD
(Supervised) in Europe and China in 2025.
Artificial Intelligence Software and Hardware
In Q4, we completed the deployment of Cortex, a ~50k H100 training cluster at Gigafactory Texas. Cortex helped enable V13 of FSD (Supervised), which boasts major improvements in safety and comfort thanks to 4.2x increase in data, higher resolution video inputs, 2x reduction in photon-to-control latency and redesigned controller, among other enhancements. FSD (Supervised) can now start from park and perform unpark, reverse and park capabilities. In Q4, Tesla vehicles using Autopilot technology drove 5.94 million miles between accidents 2 – the best Q4 ever – compared to the U.S. average of .70 million miles. Progress on Optimus hardware and software continued in Q4, including the latest generation hand, robust locomotion and training on additional tasks, ahead of planned pilot production in 2025.
The in-house 4680 cell hit a production rate exceeding 2.5k Cybertrucks/week.
They expect energy storage deployments to grow at least 50% year-over-year in 2025.
Tesla reduced average cost per vehicle despite making more of the Cybertrucks. Cybertrucks are double the cost of a Model Y.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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Elon will need to pull some amazing technical and commercial golden-egg-laying-goose out of the hat if his $56 billion pay award has any chance of being funded. If not, I have doubts about Tesla surviving, if his pay award will then be dependent on its $2 billion quarterly profit to fund it.
the compensation would be based upon shares not cash.
4680 battery ramp slow as grandpa. Cybertruck was total miss. Financials ok, lots spent on GPUs,…