Yesterday Tesla held their Q2 2024 Earnings Call. Let’s take a deeper look at some of what was said.
Affordable Tesla
Tesla’s affordable model – previously dubbed the Model 2 by many, is supposed to be revealed in the first half of 2025. Tesla has been targeting a price point of about $25,000 USD for this vehicle, and many are excited to see an affordable EV from Tesla that doesn’t require the Federal EV Rebate to come down below $30,000.
The Model 2 is supposed to be built off the same production lines as Tesla’s other mass-manufactured vehicles — the Model 3 and the Model Y. Tesla has reserved their unique unboxed process testing for the upcoming Robotaxi instead.
New Date for Robotaxi Event
Speaking of the Robotaxi, Elon Musk confirmed in the earnings call that the Robotaxi event will be taking place on 10/10. In line with what we previously reported, this delay was due to some important design changes. In addition, the extra time allows Tesla to “show off a few other things,” according to Musk.
We’re quite excited to see what these other things are – they could be previews of the affordable Tesla model, the Cybervan or a demo of the Robotaxi.
Unsupervised FSD Goal
In terms of FSD, Musk also mentioned that the hope is for Unsupervised FSD to be rolled out sometime between the end of 2024 and the end of 2025. That’s a pretty big time gap, and while we’re used to expecting the usual two weeks, Musk came clean and said he’s been overly confident in the past.
Instead, this new estimate is based on the current trend of miles per intervention, which has been growing at a steady clip since FSD v12 rolled out and has become more refined.
Expansion of FSD
But that’s not all. Tesla also intends to introduce FSD v12.5 or FSD v12.6 to Europe, China, and other countries by the end of this year, which is rapidly approaching. That’s a major piece of news for many countries that have limited access to Full Self Driving or Autopilot. Tesla previously worked hard to get regulatory approval for FSD in Europe and China and just launched some Vision-based features outside of North America.
Giga Mexico on Hold
Giga Mexico is now on hold, along with Tesla’s plans to produce their next-generation vehicle there. Instead, Tesla will be producing these vehicles at Giga Texas. This hold comes after US Presidential Candidate Donald Trump has said that if he’s elected, he will enforce heavy tariffs on vehicles that are produced in Mexico and imported to the United States.
Optimus Robot Timeline
Optimus has seen some timeline solidification between the Shareholder Meeting and this Earnings Call. While there are a few test units on the factory floors today, Tesla intends to begin limited production at Giga Texas for a V1 unit, to be used internally. This production run will be starting in early 2025.
They expect to work out any initial kinks and bugs, and then begin work on Optimus V2, which should be available for purchase to outside organizations by early 2026.
Megapack
Tesla Energy has seen the greatest growth, with production, revenue, and sales all being greater than in Q1 2024. In fact, Tesla’s megapack factory in Lathrop is continuing to expand and scale production, all while Mega Shanghai is also breaking ground. Overall, deployments of static energy storage doubled in Q2 from Q1, which already saw a doubling since last year.
Tesla is banking quite a bit on its energy business, and working to expand its supply chains, while also selling Megapacks to energy utilities around the world. And it's more than energy utilities interested – Megapack is being seen as an energy backup source for AI compute – data centers suck power extremely fast, and Megapack can help provide the juice needed.
There’s more on that front too – Tesla and energy utilities are looking to buffer power plants with Megapacks – which means powerplants can run at optimal capacity while Megapack handles the ebbs and flows. There could be a 2-3x increase in power plant efficiency, and this could also help with power plant base loading.
Earnings Call Video
So that’s it for all the big key points from the Earnings Call. If you want to know more about the call, you can review our recap, which includes some of the financial data, as well as lots of other information. You can also see the investor slide deck, or watch the earnings call below.
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Another quarter has passed, and that means it’s time to submit questions and vote for Tesla’s Q2 2025 Earnings Call. While Q1 was a tough quarter for the company, Q2 saw some recovery in sales, although there’s still some work to be done.
However, there’s always a lot to be excited about during Tesla’s Q&A session, where we usually learn a lot about future software improvements and upcoming vehicles. We may hear more about FSD Unsupervised, Robotaxi, or the more affordable vehicle, or its upcoming larger 6-seater Model Y, the Model Y L. Tesla also mentioned a potential FSD price hike back in the Q1 2025 Earnings Call, so that could be something that is brought up as well.
Tesla’s Q2 So Far
Tesla has already released their Q2 2025 Production and Delivery numbers, which were up from Q1 of this year, but still down compared to Q2 last year.
Production
Deliveries
Model 3/Y
396,835
373,728
Model S, X, and Cybertruck
13,409
10,394
Total
410,244
384,122
How to Submit & Vote
Tesla lets shareholders submit a question that will be voted on and may be answered during the Q&A session. To submit your own question or vote on an already submitted question, you’ll need to be a verified shareholder. You can go to Say’s platform and link your brokerage accounts.
Once it is verified, you’ll be able to log in and vote your shares on your own question, or on someone else’s question.
Here’s the link to get started on Say’s Tesla Q&A. You must submit your questions and votes by July 23rd, 2025, at 4:00 PM EDT.
Top Questions So Far
Unsurprisingly, people have already been submitting questions, and here are the top ones so far.
Can you give us some insight how robotaxis have been performing so far and what rate you expect to expand in terms of vehicles, geofence, cities, and supervisors?
What are the key technical and regulatory hurdles still remaining for unsupervised FSD to be available for personal use? Timeline?
What specific factory tasks is Optimus currently performing, and what is the expected timeline for scaling production to enable external sales? How does Tesla envision Optimus contributing to revenue in the next 2–3 years?
Can you provide an update on the development and production timeline for Tesla’s more affordable models? How will these models balance cost reduction with profitability, and what impact do you expect on demand in the current economic climate?
Are there any news for HW3 users getting retrofits or upgrades? Will they get HW4 or some future version of HW5?
When do you anticipate customer vehicles to receive unsupervised FSD?
And here are some other ones we found interesting:
Have any meaningful Optimus milestones changed for this year or next and will thousands of Optimus be performing tasks in Tesla factories by year end?
Are front bumper cameras going to be necessary for unsupervised full self driving? If so, what is the companies plan to retrofit vehicles that do not have them?
Will there be a new AI day to explain the advancements the Autopilot, Optimus, and Dojo/chip teams have made over the past several years. We still do not know much about the HW4.
Earnings Call Details
Tesla will hold its earnings call on Wednesday, July 23rd, at 4:00 PM EDT. It's still early for an access link, but we’ll make sure we have a link up on the site before the earnings call that day.
If you do miss the earnings call, no worries. We will provide a full recap following the call, and we’ll also do some in-depth dives into what was said and what we know.
Tesla’s Summer Update, 2025.26, has finally launched, bringing with it a batch of interesting new features for some, and a bunch of quality-of-life improvements for everyone else.
Grok AI Assistant
The star of the Summer Update is Grok, xAI’s conversational AI assistant, which has now landed in Tesla vehicles. For now, it's available in any Tesla that has an AMD processor and is potentially coming to Intel-based vehicles in the near future. The feature is also only available in the U.S., but it’s expected to expand to other regions — hopefully soon.
Grok is in its first iteration as an in-vehicle assistant, and for now, cannot control the vehicle, which means that Tesla’s voice command system is still intact. However, there is a lot it can do already. Grok is activated by pressing and holding the voice button (right scroll wheel on older vehicles), while a short press of the button is still reserved for voice commands. Grok will support a wake word in the future, letting you activate it without pressing a button.
You don't need to sign into Grok to use it in your Tesla!
It can't currently control anything in the car, but it does seem context aware that it is in a vehicle. pic.twitter.com/IpatR7sjiJ
Once Grok is open, which can also be done by tapping the Grok app icon, users can tailor the AI personality according to their preferences by selecting a persona and voice of their choice.
There are also several other settings for Grok under the settings button. You can enable NSFW mode, Kids Mode, or disable access to your vehicle’s location.
Grok has contextual awareness of your vehicle location, which means it can provide relevant answers to questions like “Where should I go for dinner?”
Logging In Not Required
Grok is free with Premium Connectivity, or if you’re using your phone’s hotspot feature or connected to WiFi, so anyone can try it for free. In fact, you don’t even need to log in to start using Grok. However, logging in adds some additional features.
If you’d like to log in, you can do so by scanning the QR code in the vehicle, which will provide chat management and transcripts, SuperGrok access (if you pay for a subscription), and better privacy control.
Tesla has added a new Light Sync feature that pulses the vehicle’s ambient lighting in sync with the music being played. This option is turned on under Toybox > Light Sync. There are also a few options, including the ability to match the ambient light colors to the album’s artwork, instead of using your selected color.
In addition, in Park you can enable Rave Cave when parked, which cranks up the ambient lighting brightness to the maximum.
Dashcam App Update
The Dashcam app now allows you to adjust playback speeds, just like the older Dashcam Viewer, which is still used on Intel-based vehicles.
In addition to adjusting playback speed, you can now adjust the video view so that it’s displayed without being obstructed by the buttons at the top (video below). The difference is small, but could be useful if you’re trying to see something slightly out of view or that’s hidden behind the top Dashcam buttons.
While the Cybertruck has also received the updated Dashcam Viewer with this update, it does not have the new B-pillar camera recordings like other HW4 cars.
Sentry Mode is getting one of the best uses of the vehicle’s ambient lighting that we’ve seen so far. The ambient lighting will now slowly pulse red while Sentry Mode is activated to grab someone’s attention, instead of just relying on the vehicle’s display.
While you can disable Sentry Mode sounds, we’d love to see an even more stealthy Sentry Mode that also disables the ambient lighting and screen, allowing the vehicle to record without anyone being aware.
Since the ambient lighting is being used in this case to make people more aware of a feature, Tesla could also use it in other modes, such as Dog Mode.
There are a lot of potential uses for ambient lighting. Tesla can make it glow while the vehicle is charging, with the brightness potentially related to the vehicle's charge level.
When you navigate to a Supercharger, new icons in the charger list will indicate locations that require valet service or pay-to-park access.
Upon arrival at the location, a notification will appear on your screen, displaying important details such as access codes, parking restrictions, level/floor information for parking garages, and restroom availability. This information will also be available on the site card in the navigation.
Equalizer Presets
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Tesla has moved the audio settings from the music player, directly into the vehicle settings — making them much easier to find. In addition to creating a new “Audio” section in settings, you can now create and save equalizer presets.
Each preset can have a name, custom EQ settings, and a setting for immersive audio.
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Onboarding Guide
Not a Tesla App
Tesla has introduced a new Onboarding Guide for new owners. The guide covers driver settings, touchscreen use, steering wheel and seat setup, and how to control key portions of the vehicle, including lights, wipers, and Autopilot features.
The Onboarding Guide is automatically initiated when a new owner accepts delivery of a Tesla, or can be manually initiated at any time by going to Controls > Service > Onboarding Guide.
This appears to only be available for the new Model 3 and new Model Y.
In typical Tesla fashion, this 2025.26 update is rolling out gradually in small waves initially. Three waves have already gone out, so all signs are looking good for it going into a wide release soon.
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