Elon Musk Podcast
Tesla Q3 2024 Financial Results and Q&A with Elon Musk
Oct 25, 2024
In this engaging discussion, Elon Musk, CEO of SpaceX and Tesla, reveals Tesla's impressive Q3 2024 financial highlights, including record profits and ambitious vehicle production goals. He delves into the advancements in Tesla's Full Self-Driving technology, showcasing anticipated safety upgrades. The conversation also covers the innovative developments in ride-hailing and the Optimus robot, setting the stage for a sustainable energy future. Musk emphasizes the company's unique service model and regulatory navigation in the evolving landscape of autonomous vehicles.
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Quick takeaways
- Tesla achieved record deliveries in Q3 2024, demonstrating strong market resilience amid a wider decline in the EV industry.
- The growth of Tesla's energy storage segment, particularly Megapack and Powerwall, reflects increasing demand for renewable energy solutions.
Deep dives
Record Deliveries Amid Industry Challenges
Tesla achieved record deliveries in Q3 despite facing a general decline in order volumes across the electric vehicle (EV) industry. This success is particularly significant as most EV companies have yet to achieve profitability, highlighting Tesla's strong market position. Elon Musk noted that the company's achievement of producing its seventh million vehicle showcases the monumental effort by the Tesla team. This performance is also seen as an indicator of resilience in a challenging economic environment, where Tesla continues to outperform competitors.
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