Tesla, Inc. (NASDAQ:TSLA) Q3 2024 Results Conference Call October 23, 2024 5:30 PM ET

Company Participants

Travis Axelrod – Head of Investor Relations
Elon Musk – Chief Executive Officer
Ashok Elluswamy – Director, Autopilot Software
Vaibhav Taneja – Chief Financial Officer
Lars Moravy – Vice President, Vehicle Engineering

Conference Call Participants

Pierre Ferragu – New Street
Adam Jonas – Morgan Stanley

Travis Axelrod

Good afternoon, everyone, and welcome to Tesla’s Third Quarter 2024 Q&A webcast. My name is Travis Axelrod, Head of Investor Relations, and I am joined today by Elon Musk, Vaibhav Taneja and a number of other executives.

Our Q3 results were announced at about 3 P.M. Central Time in the update deck we published at the same link as this webcast. During this call, we will discuss our business outlook and make forward-looking statements. These comments are based on our predictions and expectations as of today.

Actual events or results could differ materially due to a number of risks and uncertainties, including those mentioned in our most recent filings with the SEC. During the question-and-answer portion of today’s call, please limit yourself to one question and one follow-up. Please use the raise hand button to join the question queue.

Before we jump into Q&A, Elon has some opening remarks. Elon?

Elon Musk

Oh, thank you.

So to recap, someone’s seen — something that we’re in the industry. I’ve seen year-over-year declines in order volumes in Q3. Tesla at the same time has achieved record deliveries. In fact, I think if you look at, EV companies, worldwide to the best of my knowledge, no EV companies even profitable. And I’m not I to the best of my knowledge, there was no EV division of any company, of any existing auto company that is profitable.

So it is notable