Episode 534: Tesla Q3 Earnings Call Highlights and Analysis
About this episode
Tesla's Q3 earnings call revealed significant updates, including record vehicle deliveries and energy storage deployments. The Model S and X are back in Europe, while the Model Y regained its title as the best-selling car in Europe. Discussions included the Cybertruck's production challenges and the upcoming Cybercab, set to start production in Q2 2024. Elon Musk emphasized the company's focus on AI advancements and the potential for unsupervised full self-driving technology. The episode also touches on leasing price increases and the future of Tesla's product lineup.
Tesla held its Q3 earnings call, and as always I've got a recap, highlight clips, and analysis of everything the Tesla executives talked about on the call. Plus: Model S and X return to Europe, Cybercab gets a production start window, and more!
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Tesla Model S
"... Tesla executives talked about on the call. Plus, Model S and X returned to Europe, Cybercab gets a produc..."
The Tesla Model S is a fancy electric car that can go really far on a single charge. It's known for being fast and having cool tech features, making it a popular choice for people who want an eco-friendly car that feels luxurious.
The Tesla Model S is a luxury all-electric sedan that has been pivotal in popularizing electric vehicles (EVs) since its launch in 2012. Known for its impressive range, high performance, and advanced technology features, it has set benchmarks in the EV market and continues to be a significant player in discussions about electric mobility.
Tesla Model Y
"...you will see right at the top that there is a Model 3 and Model Y when you're looking at those images for those cars it says a price increase coming in November."
The Tesla Model Y is an electric SUV that is larger than the Model 3, providing more room for passengers and cargo. It's designed for families and those who need more space in their vehicle.
The Tesla Model Y is a compact all-electric SUV that shares many components with the Model 3. It offers more space and versatility, making it a popular choice for families and those needing extra cargo capacity.
Tesla Model 3
"...ow you will see right at the top that there is a Model 3 and Model Y when you're looking at those images f..."
leasing prices
"...it actually turns out that it's not going to be a price increase on the cars it is a price increase on the leasing prices so that's what's going up next month..."
Leasing prices are the monthly payments you make when you rent a car instead of buying it. You pay for using the car for a certain period, and at the end, you return it instead of owning it.
Leasing prices refer to the monthly payments made for a vehicle that is leased rather than purchased. In a lease, the driver pays for the depreciation of the vehicle during the lease term, rather than the full price of the vehicle.
MSRP
"it's not the bottom line MSRP purchase price it is the lease pricing..."
MSRP is the price that the car maker suggests for their vehicle. It's not always the final price you pay, as there can be extra costs.
MSRP stands for Manufacturer's Suggested Retail Price, which is the price that the manufacturer recommends that the dealer sell the vehicle for. It's a starting point for negotiations but doesn't include additional fees or taxes.
left hand drive
"there is a downside to this and that is it's left hand drive only..."
Left hand drive means that the steering wheel is on the left side of the car, which is how most cars are made for countries where people drive on the right side of the road.
Left hand drive (LHD) refers to vehicles designed for driving on the right side of the road, where the steering wheel is on the left side of the car. This is common in many countries, including the United States.
full electric
"...it has been a year of dramatic swings for the full electric..."
A 'full electric' car runs only on electricity and doesn't use gas or diesel. This means it doesn't pollute the air like regular cars do.
'Full electric' refers to vehicles that are powered entirely by electricity, without any internal combustion engine. These vehicles rely on electric batteries for propulsion and produce zero tailpipe emissions.
Dacia Sandero
"...at number one this year the others are the Dacia Sandero which has been on top four times the Renault Clio..."
Renault Clio
"...the Renault Clio which has won three monthly titles and the Volkswagen T-Rock which was first in August..."
The Renault Clio is a small car that's very popular in Europe. It's known for being stylish and efficient, but it's not sold in the U.S.
The Renault Clio is a popular subcompact car in Europe, known for its stylish design and efficient performance. It has been a best-seller in its category for many years.
Volkswagen T-Roc
"...the Volkswagen T-Roc which was first in August quick aside I find it just kind of interesting that none of those three cars are available in the United States..."
The Volkswagen T-Roc is a compact SUV that's popular in Europe. It's designed to be sporty and practical, but you can't buy it in the United States.
The Volkswagen T-Roc is a compact crossover SUV that combines sporty design with practicality. It is aimed at the European market and is not available in the U.S.
autonomy
"...every tesla vehicle delivered today is designed for autonomy while..."
Autonomy means that a car can drive itself without needing a person to control it. Tesla cars are built to eventually be able to drive on their own using special technology.
Autonomy in the context of vehicles refers to the capability of a car to operate without human intervention, commonly associated with self-driving technology. Tesla vehicles are designed with features that support autonomous driving, utilizing AI and advanced sensors to navigate and make driving decisions.
Tesla Cybertruck
"...s kind of a shame considering that a year ago the cybertruck first went into general production at the very b..."
The Tesla Cybertruck is a new electric truck that looks very different from regular trucks because of its sharp, futuristic shape. It's designed to be tough and useful, making it a great option for people who need a truck but want to go electric.
The Tesla Cybertruck is an all-electric pickup truck that features a unique, angular design and is built for durability and utility. Its production began in late 2021, and it aims to compete in the growing electric truck market with impressive performance and utility capabilities.
Chevrolet Silverado EV
"...in third the chevy silverado ev at 3940..."
The Chevy Silverado EV is an electric version of the Silverado truck, which is well-known for its power and capability. This electric model aims to provide those same benefits but with an electric engine.
The Chevy Silverado EV is Chevrolet's electric version of the popular Silverado pickup truck. It combines the traditional strengths of the Silverado with the benefits of electric power.
Ford F150 Lightning
"...terial than it is with say the cybertruck or the f150 lightning same thing with the gmc sierra ev which of course..."
Gmc Sierra
"...ertruck or the f150 lightning same thing with the gmc sierra ev which of course is a sibling a cousin or mayb..."
The GMC Sierra EV is an electric version of a well-known pickup truck that people use for work and play. It aims to give you the same power and features as regular trucks but without using gas, making it better for the environment.
The GMC Sierra EV is an all-electric version of the popular GMC Sierra pickup truck, designed to offer the same rugged capabilities and features as its gasoline counterpart while being environmentally friendly. It represents GMC's entry into the electric truck market, showcasing advancements in technology and performance.
supercharger
"...in the best of ways supercharger connectors meanwhile continue to be up as well this time 18 percent year over year..."
Superchargers are special charging stations for Tesla cars that let you charge the car's battery much faster than regular chargers. This helps you drive longer distances without waiting too long to recharge.
Tesla Superchargers are fast-charging stations designed to quickly charge Tesla electric vehicles, allowing for long-distance travel. They can charge a vehicle significantly faster than standard home chargers.
active safety features
"...these models come standard with what makes tesla so appealing including active safety features a 15.4 inch center touchscreen..."
Active safety features are technologies in cars that help keep you safe while driving. They can warn you of dangers or even help stop the car if there's an emergency.
Active safety features are advanced technologies in vehicles designed to prevent accidents or reduce their severity. These can include systems like automatic emergency braking, lane-keeping assist, and adaptive cruise control.
FSD
"...we launched fsd supervised in australia and new zealand and continue to prepare for a broader launch in china pending regulatory approval..."
FSD means Full Self-Driving, which is Tesla's technology that helps cars drive themselves with minimal human input.
FSD stands for Full Self-Driving, a suite of advanced driver-assistance features offered by Tesla that aims to enable autonomous driving capabilities.
powertrain
"...both model three and model y standard feature a new battery pack and powertrain..."
The powertrain is the part of a car that makes it move. In electric cars, it includes the electric motor and the battery that provide the energy to drive the wheels.
The powertrain refers to the components that generate power and deliver it to the wheels of a vehicle. In electric vehicles, this typically includes the electric motor, battery, and transmission system.
battery pack
"...both model three and model y standard feature a new battery pack and powertrain..."
A battery pack is a group of batteries that store energy for electric cars. It helps the car run and determines how far it can go on a single charge.
A battery pack is a collection of battery cells that store electrical energy for electric vehicles. It plays a crucial role in determining the vehicle's range, performance, and charging capabilities.
Tesla Semi
"... that mean that those batteries are for the tesla semi since that's where the semi is being built there..."
The Tesla Semi is a big electric truck made for transporting goods, like a delivery truck but without using gas. It's designed to save money on fuel and help the environment by reducing pollution.
The Tesla Semi is an all-electric truck designed for freight transport, promising significant cost savings and reduced emissions compared to traditional diesel trucks. It aims to revolutionize the trucking industry with its advanced technology and efficiency.
first generation product
"...and mega pack 3 are on schedule for volume production starting in 2026 first generation product"
A first generation product is the very first version of something that a company sells. It's like the first model of a car before they make newer versions with improvements.
A first generation product refers to the initial version of a product that is released to the market. It often serves as a foundation for future iterations and improvements based on user feedback and technological advancements.
volume production
"...production lines for optimists are being installed in anticipation of volume production..."
Volume production means making a lot of cars at once. Companies do this to sell more cars and save money on making each one.
Volume production refers to the large-scale manufacturing of vehicles, where companies aim to produce a significant number of units to meet market demand and achieve economies of scale.
Tesla Model X
"...looking for a top of the line vehicle i'm talking model x plaid model s plaid cyber beast rivian r1s quad ..."
The Tesla Model X is a fancy electric SUV that has unique doors that open upwards. It's roomy inside and packed with cool technology, making it a great option for families who want an eco-friendly vehicle.
The Tesla Model X is a luxury all-electric SUV known for its distinctive falcon-wing doors and spacious interior. It combines high performance with advanced technology and safety features, making it a popular choice for families and tech enthusiasts alike.
EV
"if you're looking for a top of the line vehicle i'm talking model x plaid model s plaid cyber beast rivian r1s quad motor max pack their luxury raffles grand prize is offering you any ev on the market..."
EV means electric vehicle. It's a car that runs on electricity instead of gas, which is better for the environment.
EV stands for electric vehicle, which is a type of vehicle that is powered entirely by electricity instead of gasoline or diesel. EVs are known for being more environmentally friendly and often have lower operating costs.
Rivian R1S
"...g model x plaid model s plaid cyber beast rivian r1s quad motor max pack their luxury raffles grand pr..."
The Rivian R1S is an electric SUV that can handle tough terrains and is great for people who love outdoor activities. It has a lot of space inside for passengers and gear, making it a good choice for family trips or adventures.
The Rivian R1S is an all-electric SUV designed for adventure, featuring off-road capabilities and a spacious interior. As part of Rivian's lineup, it aims to appeal to outdoor enthusiasts looking for a sustainable vehicle that doesn't compromise on performance or comfort.
roadside assistance
"...to towing rental coverage and 24 seven roadside help because when your ev stops..."
Roadside assistance is help you can call for if your car breaks down. They can tow your car, change a flat tire, or jump-start your battery.
Roadside assistance is a service that helps drivers when their vehicle breaks down or encounters problems on the road. It typically includes services like towing, tire changes, and battery jumps.
AI
"...as we bring ai into the real world i think it's important to emphasize that tesla really is the leader in real world ai..."
AI stands for artificial intelligence, which is technology that allows computers to think and learn like humans. In cars, it helps with things like self-driving features and smart systems.
AI, or artificial intelligence, refers to computer systems that can perform tasks that normally require human intelligence, such as understanding natural language, recognizing patterns, and making decisions. In the automotive context, AI is increasingly used for features like autonomous driving and smart vehicle systems.
winter tire and wheel package
"...i would love to get the winter tire and wheel package for the new model three performance..."
A winter tire and wheel package is a set of tires and wheels made for driving in snow and cold weather. They help your car grip the road better when it's icy or snowy.
A winter tire and wheel package includes specially designed tires that provide better traction and handling in cold and snowy conditions, along with wheels that fit the vehicle. This package is essential for safe driving in winter weather.
summer tires
"...the car wears summer tires most of the time..."
Summer tires are special tires made for warm weather. They help your car drive better when it's hot, but they're not safe to use in snow or ice.
Summer tires are designed for optimal performance in warm weather conditions, providing better grip and handling on dry and wet roads. However, they are not suitable for winter conditions, as they can lose traction in snow and ice.
Abstract Ocean
"...but if you'll bear with me for just a few more minutes abstract ocean dot com they've got so many great aftermarket accessories for all the teslas..."
Abstract Ocean is a business that sells extra parts and accessories for Tesla cars to make them look better and work better.
Abstract Ocean is a company that specializes in aftermarket accessories for Tesla vehicles. They offer a variety of products designed to enhance the functionality and appearance of Tesla cars.
Rivian R1T
"... stuff for s for x for three for y for rivian r1s r1t check them out a lot of lighting kits the one of..."
The Rivian R1T is an electric truck that's built for adventure, with features that help you carry gear and tackle rough roads. It's designed for people who want a tough truck that doesn't use gas and is good for the environment.
The Rivian R1T is an all-electric pickup truck that emphasizes adventure and utility, featuring a robust design and innovative storage solutions. It aims to attract outdoor enthusiasts and those looking for an electric vehicle that can handle various terrains and activities.
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