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Tesla 3Q FSD revenues: Many of you on @TheTerminal and here on X reached out to ask me about Tesla's notes that growth in FSD recognition YoY contributed to profit (Slide 5 in deck). Some of you heard me discuss it on @bloombergradio. Tesla also cited Cybertruck FSD roll out in…
Back in Q4 2022, Tesla disclosed $324 million of FSD revenue in the quarter. In this Q3 2024, Tesla disclosed $326 million of FSD revenue for Cybertruck alone.
One nugget from TSLA earnings: they recognized $326 million in FSD revenue. VT said this on the call and is in 10-Q
In the third quarter of 2024, Tesla recognized $326 million in Full Self-Driving (FSD) revenue, attributed to the Cybertruck and features like Actually Smart Summon. This figure represents a slight increase from the $324 million reported in the fourth quarter of 2022. The recognition of FSD revenue has been a significant contributor to Tesla's profits, with deferred revenue for Cybertruck FSD and Actually Smart Summon estimated at over $300 million. Despite a 17% decline in stock value, analysts noted that this drop follows a record high in the previous quarter, suggesting that Tesla's cost reduction strategies may have played a role in maintaining profitability amidst challenges.