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Tesla (NASDAQ:TSLA) recently released its Q1 2024 Update Letter, followed by its earnings call, shedding light on the company's performance and future prospects. Let's delve into the key highlights from the call:
Q1 Earnings Call starting in ~10 mins https://t.co/NSPNDuqW5D
— Tesla (@Tesla) April 23, 2024
Live Updates from the Earnings Call: Here are real-time insights from Tesla’s Q1 2024 earnings call:
17:35 CDT – Martin Viecha bids farewell after seven years with the company, expressing gratitude for the experience. Elon Musk acknowledges Viecha's contributions.
17:31 CDT – Tesla's competitive battery prices due to excess capacity are discussed. Musk predicts a boom and bust cycle in battery supply.
17:25 CDT – Discussion shifts to Tesla's Robotaxi and the utilization of vehicle hardware for autonomous driving tasks.
17:20 CDT – Musk elaborates on FSD's rollout, emphasizing the need for regulatory alignment and country-specific adaptations.
17:15 CDT – Questions arise regarding Tesla's FSD licensing and pricing strategies.
17:10 CDT – Musk reaffirms Tesla's commitment to autonomy and discusses workforce optimization for future growth.
17:05 CDT – Analyst inquiries touch upon Tesla's sales projections, competition in China, and its identity as an AI-driven company.
17:01 CDT – Tony Sacconaghi inquires about Tesla's product pipeline and Musk's involvement with the company.
16:48 CDT – Regulatory pathways for FSD are explored, alongside updates on Hardware 5 and the Tesla Robotaxi fleet.
16:44 CDT – Investor questions cover topics like 4680 production and the development of Tesla's humanoid robot, Optimus.
16:41 CDT – The CFO addresses revenue trends, Model Y production costs, and advancements in Tesla's energy business.
16:36 CDT – Musk emphasizes the significance of FSD V12, announces the $99 FSD subscription, and teases the upcoming "Cybercab."
16:31 CDT – Elon Musk outlines Tesla's Q1 performance, highlights accelerated model launches, and anticipates reaching a capacity of 3 million vehicles.
In summary, Tesla's Q1 2024 earnings call reflects robust financials, strategic advancements, and a firm commitment to innovation and autonomy.
To read the full earnings call transcript, visit [Tesery]. Stay tuned for further updates and insights into Tesla's journey towards an electric, autonomous future
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