Musk on Tesla Q3: People buy the car for FSD
Tesla released its Q3 earnings; active FSD subscriptions reached 1.74 million, up 67% year over year. Commenting on this, Musk said that people are buying FSD, and the car is just incidental.
View original postTesla has just released its Q3 earnings results. Highlights: • EPS (non-GAAP): $0.48 (vs. $0.45 est) • Revenue: $28.05B (vs. $28.3B est) • Adjusted EBITDA: $3.90B • Active FSD Subscriptions: 1.74M, up 67% YoY from 1.04M • Net income (GAAP): $787M • Free cash flow: $1.53B • Capex: $4.73B • Cash & marketable securities: $45.45B, up 9% YoY
View original
Tesla has just released its Q3 earnings results. Highlights: • EPS (non-GAAP): $0.48 (vs. $0.45 est) • Revenue: $28.05B (vs. $28.3B est) • Adjusted EBITDA: $3.90B • Active FSD Subscriptions: 1.74M, up 67% YoY from 1.04M • Net income (GAAP): $787M • Free cash flow: $1.53B • Capex: $4.73B • Cash & marketable securities: $45.45B, up 9% YoY
Body
People are buying FSD with a car attached, not the other way around