Key insights

• ⬆️ Tesla's third quarter earnings increased by 20%, breaking the narrative of doubt about Tesla
• 💹 Sales are growing and margins are improving
• 🚗 The Cybertruck is exceeding expectations and becoming a profitable product
• 🔌 Tesla's EV truck is the most popular and profitable globally, set to increase sales and introduce new cheaper models next year
• 🚗 Tesla is testing self-driving ride hailing in the Bay Area with employees and aiming to be safer than a human driver by 2025 or 2026
• 🆓 Existing Tesla cars with Hardware 3 will receive free upgrades for full self-driving capabilities
• ⏳ Unsupervised self-driving could allow people to buy back their time, appealing to those with high disposable income
• 📈 Tesla has transitioned from niche electric vehicle maker to mass market player, poised for success in 2024/2025

Q&A

• What are some key developments that have positioned Tesla for success in the near future?

  Tesla has transitioned from a niche to a mass-market electric vehicle maker, invested in self-driving tech, AI, and a ride-hailing app, raised billions in cash, and is poised for success in 2024/2025.

• What is the potential revenue from Tesla's unsupervised self-driving feature, and how is it expected to affect the market valuation of the company?

  Tesla's potential recurring revenue from a large fleet of self-driving cars could reach $70 billion per year or even $2 trillion in market valuation by the end of the decade. Unsupervised self-driving could allow people to buy back their time, appealing to those with high disposable income. The energy side of the business is also contributing to Tesla's profitability with 30% margins.

• How will Tesla profit from self-driving cars, and what impact will it have on existing vehicles?

  Tesla's self-driving cars will soon contribute to the company's profit. Existing Tesla cars with Hardware 3 will receive free upgrades for full self-driving capabilities, potentially impacting used car prices and unlocking significant value. Self-driving cars can provide more time, which is the most valuable currency for humans.

• What are Tesla's plans for self-driving ride-hailing and revenue collection?

  Tesla is already testing self-driving ride-hailing in the Bay Area with employees. The company plans to start collecting revenue on self-driving rides in 2025 and aims to be safer than a human driver by 2025 or 2026. They are working on a fleet of driverless cars that can be monetizable and cost a fraction to build.

• How does Tesla's EV truck perform in the market compared to other automakers?

  Tesla's EV truck is the most popular and profitable globally, selling more units with a profit compared to other automakers. The company is set to increase sales and introduce new cheaper models next year, potentially making more money per car before the implementation of autonomy and self-driving software.

• What is the key highlight of Tesla's third-quarter earnings?

  Tesla's third-quarter earnings increased by 20%, breaking the narrative of doubt about the company. Sales are growing, and margins are improving. The Cybertruck is exceeding expectations and becoming a profitable product.

• 00:00 Tesla's third quarter earnings are up 20%, breaking the narrative of doubt about the company. Sales are growing, margins are improving, and the Cybertruck is proving to be a popular and profitable product.
• 01:45 Tesla's EV truck is the most popular and profitable in the world, selling more units with a profit compared to other automakers. They are set to increase sales and introduce new cheaper models next year, potentially making more money per car. All this is happening before the implementation of autonomy and self-driving software.
• 03:31 Tesla is already testing self-driving ride hailing in the Bay Area, plans to start collecting revenue on self-driving rides in 2025, and aims to be safer than a human driver by 2025 or 2026. They are working on a fleet of driverless cars that can be monetizable and cost a fraction to build.
• 05:21 Tesla is about to start making money from self-driving cars, offering free hardware upgrades for existing cars, unlocking significant value, and potentially impacting used car prices. Time is the most valuable currency for humans, and self-driving cars can offer more of it.
• 07:21 Tesla's unsupervised self-driving feature could generate significant recurring revenue, potentially reaching a $2 trillion market valuation by the end of the decade, driven by the appeal of buying back time for wealthy individuals. Additionally, the energy side of the business is boosting profitability with 30% margins.
• 09:20 Tesla has transitioned from niche electric vehicle maker to mass market player, invested in self-driving tech, AI, and ride hailing app, raised billions in cash, and is poised for success in 2024/2025.