Key Takeaways:
- EPS: Missed by 19.2%
- Revenue: Beat by 3.1%
- Total revenue: $25.5B, up 2.3% YoY, up 20% QoQ
- Stock price: Down 1% after hours
- Record quarterly revenues achieved
- Energy storage deployments reached all-time high, leading to record profits for energy business
- Full Self-Driving (FSD) take rates increased after price reduction
- Cybertruck production ramping up
- Company investing heavily in AI training and inference infrastructure
Forward-Looking Statements and Insights:
Elon Musk, CEO: “We are on track to deliver a more affordable model in the first half of next year. The big — really by far the biggest differentiator for Tesla is autonomy. In addition to that, we’ve scale economies and we’re the most efficient electric vehicle producer in the world.”
Elon Musk, CEO: “I think the long-term value of Optimus will exceed that of everything else that Tesla combined. So, it’s simply — just simply consider the usefulness utility of a humanoid robot that can do pretty much anything you ask of it. I think everyone on earth is going to want one.”
