Everything Tesla Announced During Its Earnings Call - Robotaxi Details, HW3 Support, FSD and More

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Did you miss Tesla’s Q3 2024 Earnings Call, or just want to review everything Tesla announced? Either way, we’ve got an outline of everything Tesla announced during the call.

This call was strongly focused on autonomy and revealed a lot more details about Tesla’s plans for its ride sharing service and the Cybercab.

Below is a section-by-section outline of both the actual earnings call and Q&A session and the investor slide deck.

Autonomy and FSD

• Tesla is still focusing hard on autonomy

• There were 50 autonomous vehicles at the We, Robot event

  • Carried thousands of people with no incidents or issues

  • 20 were Cybercabs and 30 were regular Model Ys

• Cybercab will reach volume production by 2026

  • Expected to reach 2 million units per year for initial capacity

  • Tesla could see expanding it to 4 million units per year

• There have been significant improvements in FSD year-to-date

  • FSD launched in the Cybertruck, FSD V12.5 launched most recently

  • Actually Smart Summon is a taste of Unsupervised FSD

  • Single Stack for Highway and City, all end-to-end, all neural nets coming soon in V13

  • 100x improvement in miles per intervention between FSD v11.4.9 and FSD v12.5

  • Tesla expects a 5-6x improvement in miles per intervention between FSD v12.5 and FSD v13

  • By Q2 next year Tesla expects FSD to have higher miles per critical intervention than the average human’s miles per collision

    • This is the “safer than a human” mark Tesla is aiming for

  • Hardware 4 has made significant strides in helping progress FSD due to the available processing power

• Tesla will continue to roll out more 30-day trials with every significant FSD improvement

  • FSD has seen an increased take-rate after We, Robot

Internal Testing for Robotaxi

• Tesla employees in the California Bay Area have already been testing Tesla’s Robotaxi service, which is run with Model Y’s

  • These vehicles have a safety driver

  • Tesla is also testing the Robotaxi / ridesharing app internally

Ride Hailing

• Ride Hailing/Robotaxi network’s initial rollout will begin in Texas and maybe California next year

  • California’s regulatory approvals will be challenging, and Texas may happen sooner.

  • California may be delayed to 2026

  • Other states that follow Texas could come sooner

• Driverless Teslas will be offering paid rides sometime next year

• Some recently released features were designed for the Robotaxi, but went to every Tesla

  • Robotaxis will automatically load and adopt your Tesla profile, logging you into media apps, adjusting the vehicle’s climate and seat settings for comfort

  • Navigation can be done with the phone app, and you can also track progress of Robotaxis on-route

• Cybercab, Models S3XY, already meet federal vehicle regulations for autonomy

• State vehicle regulations are all over the place, each state has different (or no) process for autonomy

Hardware 3

• “Vast Majority” of Tesla’s vehicles on the road today will be capable of autonomy

• Tesla will continue to iterate FSD on HW4 first, and then backport to HW3

• HW3 does not “fundamentally support” kernel features, and Tesla has to use tricks and additional work to get it to function

• Elon admits he is not 100% sure HW3 will be capable of autonomy

• If HW3 cannot do the job, Tesla will upgrade HW3 computers for owners who have purchased FSD.

  • Tesla has previously said multiple times this was not possible, this is big news

  • Upgrade will only cover the inference computers, not cameras or other parts

Affordable Model - 25K

• Tesla’s more affordable model is still on track for the first half of 2025.

• It will be built on the same next-gen platform as Cybercab, with an estimated 5.5mi/kWh.

  • This will be Tesla’s most efficient powertrain.

• Tesla will continue to innovate to reduce the cost of its current lineup (S, 3, X, Y, CT).

  • CT is now profit neutral/approaching profitability

Semi

• Semi factory is well under construction, CapEx for the factory is complete

• Pilot builds of the updated Semi begin next year

• Production ramp begins in 2026

• Lots of signaled demand from trucking companies

  • Tesla is not expecting a demand issue

• Cost per mile per ton is far lower than diesel trucks

  • Companies that don’t adopt Semi won’t be able to keep up

• Pepsi’s drivers don’t want to go back to their old vehicles, fight to stay on Tesla’s Semis

• “Couple hundred” already deployed this year

  • Tesla is training the Semi fleet on FSD, will deploy FSD to the Semi when its ready.

Roadster

• Roadster is the “cherry on the icing on the cake”

• Not a priority for the Tesla mission

• Will come after other items that have a bigger impact on the mission (25K Model, etc.,)

• Design is close to finalization

Service

• Tesla is trying to fix issues upstream - at the factory level - to reduce service wait times

• Tesla is looking to establish dedicated service facilities where they have dedicated lanes and technicians for certain specific issues

• Throughput of service matters

• Tesla, unlike other auto manufacturers, services cars

  • Normally, car dealers, not manufacturers make money on service

  • Tesla does not make money on service

  • Tesla has an incentive to reduce servicing costs as much as possible

• Tesla is working on automating vehicle diagnostics and prep work

  • Vehicle self-diagnoses, information is provided to Tesla

  • Parts arrive, lift is booked and tools prepared

  • Vehicle arrives, technician is fully aware of the issue and can immediately fix the problem without wasting time

  • Already, most of the time Tesla doesn’t need to diagnose the issue, the car diagnoses itself and reports potential problems to Service.

4680 Cell

• Tesla has produced the 100 millionth 4680 cell in Q3 2024.

• Rapidly becoming the most competitive cell in terms of price

  • Tesla’s internally produced 4680 will be the most cost-competitive cell in North America

• Continued progress on the dry-cathode line and expanding past the initial test batch

• Tesla will continue to rely upon external cell providers

  • Lots of capacity is needed for both vehicles and stationary storage that can’t be achieved internally

AI and Optimus

• AI training capacity is still expanding

• Tesla is not compute constrained right now, especially with Cortex coming online

  • FSD is getting good enough that it is hard to find and figure out issues

  • Can see 10,000 miles of FSD video and not find an issue in current builds

• Tesla is testing both virtually and physically

  • Real-life physical testing offers additional benefits, interacting with real humans, etc.,

• Optimus’ new hand has 22 DoF, and is extremely humanlike

  • Tesla is likely the only company that can scale humanoid robots

  • This is likely due to Tesla’s extreme vertical integration, including batteries, actuators, sensors, software, and inference

  • FSD provides the humanlike brain, while Tesla’s factories can provide volume production capabilities

• Grok in Tesla / Infotainment

  • Tesla will keep expanding what’s available for infotainment, will include AI support

  • Will also include browser improvements, movies, games, productivity

Energy

• Energy is still doing well, lots of space to continuing scaling this business sector

• Megafactory Lathrop is doing 200 Megapacks a week, for 40GWh a year

• Shanghai will begin doing 20GWh per year, starting Q1 2025

• Tesla wants to ship at least 100GWh per year by the end of 2025

• Tesla wants to meet the stationary energy demands for a sustainable energy future

  • This includes the delivery of multiple terawatt hours per year

• No material limitations on stationary battery business expansion

  • No rare materials or complex procedures are involved in the production process

Financial & Deliveries

• Tesla has pushed out record deliveries this quarter.

• No other EV company or EV section of another automaker is profitable

• Tesla’s future is the world’s future - autonomous and fully electric

• As Tesla executes on its objectives, Tesla will become the most valuable company in the world.

• Tesla has done an excellent job executing in a difficult fiscal and regulatory environment so far

• As cyclic fiscal and standing regulatory challenges are overcome, Tesla can continue to expand and grow in value

• Automotive revenue grew Quarter over Quarter

  • Financial incentives have hurt direct profit numbers, but increased overall sales considerably

  • Tesla will continue to offer compelling financing options, but sparingly

  • Tesla has a compelling overall package - safety, autonomy, features, total cost of ownership

  • Tesla acknowledges there is an awareness gap about these items with new and old buyers alike

• Tesla has had their vehicle margins grow Quarter over Quarter due to optimizations

• Tesla continues to squeeze costs without compromising on the customer experience

• Tesla has benefitted from lower freight and duties by delivering vehicles locally in markets where possible

  • North American vehicles from North America, European vehicles from Giga Berlin, Asian vehicles from China

• Decline in interest rates as economy steadies will have a drastic impact on automotive demand

  • Due to interest rates, people have been holding onto cars longer, especially in North America

  • This has impacted new vehicle sales, as people are hesitant to spend money

  • Tesla sees an opportunity to educate and find new buyers in this market sector

• Energy saw a decline in Q3, due to cyclic conditions

  • Projects are long term, and many begin in Q3, while ending in other quarters

  • Q4 will show growth for Energy

  • Q3 has been Tesla’s off-quarter for Energy (2021, 2022, 2023)

• Tesla’s Q2 restructuring continuing to impact the company, will have no more impacts after Q4

• GPU deployments continue, and Tesla will continue making quarterly investments, but sparingly

  • As it stands, Tesla has more GPU capacity than they can work with now - not compute constrained

• Fragmented regulatory landscape will cause issues for the rollout of the Robotaxi Network and Unsupervised FSD

• Most automotive companies have not internalized autonomy or EVs, and Tesla is a leader in both sectors
  

If you’d like to listen to the earnings call, it’s available below.

Plus, Tesla put out a highlight list of some of their biggest achievements for this quarter here on X.

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Tesla Adds New Anti-Theft Protection for Supercharger Cables

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Tesla has begun installing a new set of anti-theft measures on some Supercharger cables. This is a two-part process, and includes an exterior-wrap called DyeDefender, as well as engravings on the actual copper of the Supercharger cables themselves.

Superchargers, just like other high-speed electric vehicle charging stations, have been consistently subject to both vandalism and theft. While vandalism is something that can be reduced by increasing policing and security in the area, theft is a different beast to tackle. 

Thieves are usually after the copper inside the charging cable - which is densely packed and valuable when taken to a scrap yard. So how is Tesla tackling this?

DyeDefender

First up is a field trial of a product called DyeDefender. You can find this product online to secure ICE catalytic convertors, but the overall premise is fairly simple. A pressurized staining dye is housed inside a stainless steel hose, which is laid overtop or around the object you need to protect - in this case, the Supercharger cable.

The stainless steel cable itself is called CatStrap - and is extremely difficult to cut through. If you do manage to cut through, the dye squirts out, coloring you blue quickly. The dye itself is harmless, but helps to identify potential thieves. Tesla’s Head of Charging - Max de Zegher, confirmed that this is only a trial rollout - instead, Tesla is considering another alternative.

Tesla has begun installing new anti-theft measures on some Supercharger cables, consisting of an exterior wrap called DyeDefender and engravings on the copper wiring inside the cables.

Like other high-speed EV charging stations, Superchargers have been frequent targets of vandalism and theft. While vandalism can often be mitigated through increased security, theft presents a bigger challenge. Thieves primarily target the copper inside the charging cables, which is densely packed and valuable as scrap metal.

DyeDefender

To address this, Tesla is trialing DyeDefender, a theft deterrent system commonly used to protect catalytic converters. It consists of a pressurized staining dye housed within a stainless steel hose called CatStrap, which wraps around the Supercharger cable. The CatStrap is highly resistant to cutting, but if breached, it releases a bright blue dye. While harmless, the dye is difficult to remove, making it easier to identify suspects.

In addition to DyeDefender, Tesla is also engraving the actual copper wiring inside the cables, making stolen material harder to sell since scrapyards often reject marked metals.

Engraved Cables

This alternative is more scalable, more cost effective, and doesn’t impact service operations or the customer experience - and its simply engraving the copper inside the cables. Superchargers cables will state “Property of Tesla” on them - engraved right into the cable from the factory in Buffalo, New York.

Engraved -

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Recycling companies and scrap yards will see that the cables belong to Tesla - and won’t accept them. Instead, they’ll reach out to Tesla to inform them that they have received stolen goods. While that may not have an impact immediately - as thieves learn that the copper they steal from Superchargers is worthless and could risk them getting in trouble, they’ll be less likely to go ahead and try.

It is definitely interesting to see Tesla try out some rather unique options to keep Supercharger sites safe and functional. Tesla will likely focus the deployment of DyeDefender in areas that experience continual theft - but again, this is only a trial. The impact of cable engraving will likely take some time, but it’ll pay off in the long run.

Until then, make sure to keep reporting any downed Supercharger sites. You can do that in the Tesla App through Location > Charging >Select Site > Report an Issue. If you have any other neat ideas on how Tesla can stop vandalism and theft, let us know in the comments or in the forums!

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This solution is more scalable, cost-effective, and doesn’t disrupt service operations or the customer experience—it simply involves engraving the copper inside the cables. Supercharger cables will be permanently marked with “Property of Tesla Motors,” engraved directly at the factory in Buffalo, New York.

Recycling companies and scrap yards will immediately recognize that the cables belong to Tesla and refuse to accept them. Instead, they may notify Tesla that they’ve received stolen goods. While this may not have an immediate impact, over time, as thieves realize that stolen Supercharger copper is unsellable and could get them caught, they’ll be less inclined to target them.

It’s interesting to see Tesla experiment with unique ways to protect Supercharger sites. While the company will likely focus on DyeDefender deployments in high-theft areas, this remains a trial phase. The full impact of cable engraving may take time to materialize, but it should prove effective in the long run.

In the meantime, continue reporting any downed Supercharger sites through the Tesla app by navigating to Location > Charging > Select Site > Report an Issue.

If you have any creative ideas on how Tesla can prevent vandalism and theft, share them with us on social media.

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Tesla Activates In-Cabin Radar in Software Update 2025.2.6

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Tesla has released software update 2025.2.6, and while minor updates typically focus on bug fixes, this one introduces a major new feature. With this update, Tesla has activated the in-cabin radar, a sensor that has been included in some vehicles for more than three years but remained unused until now.

Why Not Vision?

Unlike vision-based systems, radar can precisely measure object dimensions and even detect movement behind obstacles by bouncing radio waves off surrounding surfaces. This allows for more accurate and reliable measurements of objects that vision may not even be able to see, such as behind the front seats.

What Tesla Announced

Tesla recently highlighted the 4D radar in the new Model Y, explaining how it will improve passenger safety. Tesla executives stated that the radar would be used to properly classify passengers and improve the way airbags deploy.

Tesla went on to say that in a future update, Tesla will use the in-cabin radar to detect any potential passengers left in the vehicles. Since radar can even pick up on heartbeat and breathing patterns, it can provide a much more accurate method of detecting children left in a vehicle. Tesla talked about how the vehicle will send owners a notification via the Tesla app and enable the HVAC system if it detects a passenger in the vehicle. It’ll even call emergency services if needed.

New Feature in Update 2025.2.6

Tesla has officially named this feature in update 2025.2.6, “First-Row Cabin Sensing Update,” which appears to align with the first portion of what Tesla discussed in the new Model Y video.

In the release notes, Tesla describes the update as:

“The first-row cabin sensing system has been updated to use cabin radar, which is now standard in all new 2025 Model Ys. Your Model Y was built pre-equipped with the necessary hardware, allowing Tesla to also bring this technology to your vehicle.”

For now, it appears that Tesla is using the radar to detect and classify passengers in the front seats. This could eventually replace traditional seat sensors, reducing the number of hardware components and lowering production costs.

Tesla plans to expand the feature later this year, bringing rear-seat passenger detection in Q3 2025. While Tesla talked about the feature for the new Model Y, we expect it to be available for all vehicles with the in-cabin radar.

Supported Models

Although Tesla is vague in their release notes, this feature is being added to all Model Ys that include a cabin radar. Tesla started including the cabin radar in 2022, but its availability may vary by region and model. The Model 3 didn’t receive the cabin radar until it was redesigned in 2024, while all Cybertrucks already include it.

The owner’s manual for the redesigned Model S and Model X doesn’t specifically mention the interior radar, although Greentheonly believes the vehicles also include one, so we’ll have to wait to determine whether those vehicles also receive this new feature.

At this time, the feature appears to be only going out to Model Y vehicles, but we expect it to become available on other supported models soon.

We love to see these kinds of updates. Tesla is increasing the safety of existing and new vehicles through a software update while also making them more affordable to own.

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