Tesla, Inc. reports developments across its electric vehicle, energy storage, services, and AI software businesses. Company updates frequently cover Model 3/Y and other vehicle production and deliveries, energy storage deployments within Energy Generation and Storage, and financial results that discuss revenue, gross margin, operating income, free cash flow, regulatory credit revenue, average selling prices, cost of sales, and foreign exchange effects.
Recurring Tesla news also addresses manufacturing and hardware activity, charging and supporting infrastructure, Services and Other growth, Full Self-Driving revenue recognition, and investment in AI, Robotaxi, and future robotics initiatives. The company’s updates link operational metrics such as deliveries and storage deployments with broader quarterly performance and outlook commentary.
Tesla has released its production and delivery figures for the third quarter of 2024. The company produced approximately 470,000 vehicles and delivered approximately 463,000 vehicles. Additionally, Tesla deployed 6.9 GWh of energy storage products.
Breaking down the numbers, Tesla produced 443,668 Model 3/Y vehicles and 26,128 other models. Deliveries were 439,975 for Model 3/Y and 22,915 for other models. Approximately 3% of Model 3/Y and 1% of other models are subject to operating lease accounting.
Tesla will announce its Q3 2024 financial results on Wednesday, October 23, 2024, after market close. A live Q&A webcast will be held at 4:30 p.m. Central Time to discuss the results and outlook.
Tesla (TSLA) has announced the release of its Q2 2024 financial results. The company has posted an update on its Investor Relations website for shareholders and interested parties to review. To discuss these results and provide an outlook, Tesla management will host a live Q&A webcast on Tuesday, July 23, 2024, at 4:30 p.m. Central Time (5:30 p.m. Eastern Time).
Investors and analysts can access the Q2 2024 update and join the webcast through Tesla's Investor Relations website. The webcast will be archived on the company's site for future reference. This announcement serves as a notification for stakeholders to prepare for the upcoming financial disclosure and management discussion.
Tesla has announced its vehicle production and deliveries for the second quarter of 2024. The company produced approximately 411,000 vehicles and delivered around 444,000 vehicles. This includes 386,576 Model 3/Y and 24,255 other models.
Tesla also reported deploying 9.4 GWh of energy storage products in Q2, marking its highest quarterly deployment to date. The company will release its financial results for this quarter on July 23, 2024, after market close, followed by a live Q&A webcast at 4:30 p.m. Central Time.
The webcast will be available on Tesla's Investor Relations website, and an archived version will be accessible approximately two hours after the session. The financial results will include net income and cash flow data, which will be detailed in the Q2 earnings announcement.
Tesla held its 2024 Annual Meeting of Stockholders where shareholders approved the 2018 CEO Performance Award and the relocation of the company to Texas. As a result, Tesla is now a Texas Key proposals included electing directors James Murdoch and Kimbal Musk for three years, approving executive compensation, and ratifying the performance-based stock option award to Elon Musk.
Other approved proposals were the appointment of PricewaterhouseCoopers LLP as the independent auditor for 2024. However, several stockholder proposals, such as reducing director terms to one year and adopting sustainability metrics for executive compensation, were rejected.
The American Association for Justice, Americans for Financial Reform Education Fund, and Consumer Federation of America have raised concerns about Proposals 3 and 4 at Tesla's upcoming annual meeting on June 13, 2024. The proposals involve ratifying Elon Musk's 2018 compensation package, previously deemed misleading by a Delaware court, and moving Tesla's incorporation from Delaware to Texas. These actions could weaken shareholder protections and set a precedent for other companies to bypass court rulings meant to protect shareholders. Leading advisory firms have advised shareholders against approving these proposals, and major investors have criticized them. The Coalition warns that adopting these proposals could undermine corporate governance and shareholder rights broadly.
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