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reduce our head count by over 10%
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Transcript
2024 Q1
13 May 24
We expect the inventory build to reverse in the second quarter and free cash flow to return to positive again.
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2024 Q1
13 May 24
negative free cash flow of $2.5 billion
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2024 Q1
13 May 24
The primary driver of this was an increase in inventory from a mismatch between builds and deliveries as discussed before, and our elevated spend on CapEx across various initiatives, including AI compute.
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2024 Q1
13 May 24
there is a bit of lumpiness in our storage deployments due to a variety of factors that are outside of our control, so deployments may fluctuate quarter-over-quarter
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2024 Q1
12 May 24
We expect the energy storage deployments for 2024 to grow at least 75% higher from 2023.
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2024 Q1
12 May 24
there is increasing appetite for credits, and that means a steady stream of revenue for us
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2024 Q1
12 May 24
Model Y cost per vehicle in Austin and Berlin are already very close to that of Fremont
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2024 Q1
12 May 24
if we exclude Cybertruck and Fremont Model 3 ramp costs, the revenue from Autopark, auto margins improved slightly
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2024 Q1
12 May 24
while we did experience higher cost due to the ramp of Model 3 in Fremont and disruptions in Berlin, these costs were largely offset by cost reduction initiatives
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2024 Q1
12 May 24
The impact of pricing actions was largely offset by reductions in per unit costs and the recognition of revenue from Autopark feature for certain vehicles in the U.S. that previously did not have that functionality.
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2024 Q1
12 May 24
Roughly 35,000 H100S are active, and we expect that to be probably 85,000 or thereabouts by the end of this year in training, just for training.
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2024 Q1
12 May 24
we will be showcasing our purpose-built robotaxi or Cybercab in August
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2024 Q1
12 May 24
we've reduced the subscription price to $99 a month
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2024 Q1
12 May 24
we now have over 300 billion miles that have been driven with FSD V12
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2024 Q1
12 May 24
FSD V12
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2024 Q1
12 May 24
half of people use it so far
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2024 Q1
12 May 24
this should allow us to get to over 3 million vehicles of capacity when realized to the full extent
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2024 Q1
12 May 24
So it's not contingent upon any new factory or massive new production line.
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2024 Q1
12 May 24
we'll be able to produce on the same manufacturing lines as our current vehicle lineup
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2024 Q1
12 May 24