Tesla (TSLA) Q1 2024 Earnings Call Transcript财报电话会议记录.docx

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1、Tesla,Inc.(TS1.A)Q12024EarningsCallTranscriptApr.23,202410:30PMETTesla,Inc.(TS1.A)Stock,TS1.A:CAStockCompanyParticipantsMartinViecha-VicePresident-InvestorRelationsElonMusk-ChiefExecutiveOfficerVaibhavTaneja-ChiefFinancialOfficer1.arsMoravy-VicePresident-VehicleEngineeringAshokElluswamy-Director-Aut

2、opilotSoftwareConferenceCallParticipantsTonySacconaghi-BernsteinAdamJonas-MorganStanleyAlexPotter-PiperSandlerMarkDelaney-GoldmanSachsColinRusch-OppenheimerBenKallo-BairdShreyasPatil-WolfeResearchMartinViechaTeslasFirstQuarter2024Q&AWebcast.MynameisMartinViecha,VPofInvestorRelations,andmjoinedtodayb

3、yElonMusk,VaibhavTaneja,andanumberofotherexecutives.OurQ1resultswereannouncedatabout3.00p.m.CentralTimeintheUpdateDeckwepublishedatthesamelinkasthiswebcast.Duringthiscall,wewilldiscussourbusinessoutlookandmakeforward-lookingstatements.Thesecommentsarebasedonourpredictionsandexpectationsasoftoday.Act

4、ualeventsandresultscoulddiffermateriallyduetoanumberofrisksanduncertainties,includingthosementionedinourmostrecentfilingswiththeSEC.Duringthequestion-and-answerportionoftodayscall,pleaselimityourselftoonequestionandonefollow-up.Pleaseusetheraisehandbuttontojointhequestionqueue.ButbeforewejumpintoQ&A

5、,Elonhassomeopeningremarks.Elon?ElonMuskThanks,Martin.SotorecapinQ1wenavigatedseveralunforeseenchallengesaswellastherampoftheupdatedModel3inFremont.Therewas,asweallhaveseen,theEVadoptionrategloballyisunderpressureandalotofotherautomanufacturersarepullingbackonEVsandpursuingplug-inhybridsinstead.Webe

6、lievethisisnottherightstrategyandelectricvehicleswillultimatelydominatethemarket.Despitethesechallenges,theTeslateamdidagreatjobexecutinginatoughenvironmentandenergystoragedeployments,theMegapackinparticular,reachedanalltimehighinQ1,leadingtorecordprofitabilityfortheenergybusiness,andthatlookslikely

7、tocontinuetoincreaseinthequartersandyearsahead.Itwillincrease.Weactuallyknowthatitwill,sosignificantlyfasterthanthecarbusinessasweexpected.WealsocontinuetoexpandourAltrainingcapacityinQ1,morethandoublingourtrainingcomputesequentially.Intermsofthenewproductroadmap,therehasbeenalotoftalkaboutourupcomi

8、ngvehiclelineinthenext-inthepastseveralweeks.Weveupdatedourfuturevehiclelineuptoacceleratethelaunchofnewmodelsahead,previouslymentionedstartupproductioninthesecondhalfof2025,soweexpectittobemoreliketheearly2025,ifnotlatethisyear.Thesenewvehicles,includingmoreaffordablemodels,willuseaspectsofthenextg

9、enerationplatformaswellasaspectsofourcurrentplatforms,andwillbeabletoproduceonthesamemanufacturinglinesasourcurrentvehiclelineup.Soitsnotcontingentonanynewfactoryormassivenewproductionline.Itllbemadeonourcurrentproductionlinesmuchmoreefficiently.Andwethinkthisshouldallowustogettoover3millionvehicles

10、ofcapacitywhenrealizedtothefullextent.RegardingFSDVersion12,whichisthepureAl-basedself-driving,ifyouhaventexperiencedthis,Istronglyurgeyoutotryitout.Itsprofoundandtherateofimprovementisrapidso-andwe,venowturnedthatonforallcarswiththecamerasandinferencecomputerandeverythingfromHardware3oninNorthAmeri

11、ca.Andsoitsbeenpushedoutto,Ithink,around1.8millionvehiclesandwereseeingabouthalfofpeopleuseitsofarandthatpercentageisincreasingwitheachpassingweek.Sowenowhaveover300billionmilesthathavebeendrivenwithFSDV12.Sincethelaunchoffullself-driving,supervisedfullself-driving,itsbecomeveryclearthatthevision-ba

12、sedapproachwithendtoendneuralnetworksistherightsolutionforscalableautonomy.Itsreallyhowhumansdrive.Ourentireroadnetworkisdesignedforbiologicalneuralnetsandeyes.Sonaturallycamerasanddigitalneuralnetsarethesolutiontoourcurrentroadsystem.Tomakeitmoreaccessible,wevereducedthesubscriptionpriceto$99amonth

13、,soitseasytotryout.Andasweveannounced,wellbeshowcasingourpurpose-builtrobotaxi,orCybercab,inAugust.Yes.RegardingAlcompute,overthepastfewmonths,wevebeenactivelyworkingonexpandingTeslascoreAlinfrastructure.Forawhilethere,weweretrainingconstrainedinourprogress.Weare,atthispoint,nolongertrainingconstrai

14、nedandsoweremakingrapidprogress.Weveinstalledandcommissioned,meaningtheyreactuallyworking35,000H100computersorGPUs,GPUiswrongword,theyneedanewword.IalwaysfeellikeawincewhenIsayGPUbecauseitsnot-GPUstands-Gstandsforgraphics,anditdoesntdographics.Butanywayroughly35,000H100sareactive,andweexpectthattobe

15、probably85,000orthereaboutsbytheendofthisyearandtraining,justfortraining.Wearemakingsurethatwerebeingasefficientaspossibleinourtraining.ItsnotjustaboutthenumberofH100s,buthowefficientlytheyreused.Soinconclusion,weresuperexcitedaboutourautonomyroadmap.IthinkitshouldbeobvioustoanyonewhosdrivingVersion

16、12andittellsthatthatitisonlyamatteroftimebeforeweexceedthereliabilityofhumansandnotmuchtimewiththat.Andwerereallyheadedforanelectricvehicle,anautonomousfuture.AndllgobacktosomethingIsaidseveralyearsagothatinthefuture,gasolinecarsthatarenotautonomouswillbelikeridingahorseandusingaflipphone.Andthatwillbecomeveryobviousinhindsight.WecontinuetomakethenecessaryinvestmentsthatwilldrivegrowthandprofitsforTeslainthefutu