On October 23rd, after the close of business, Tesla announced its third quarter financial report for 2024. The report showed that Tesla's total revenue for the third quarter was $25.182 billion, and the net profit attributable to common shareholders was $2.167 billion.
Tesla's operating cash flow for the third quarter was $6.3 billion, with free cash flow of $2.7 billion. Tesla's cash and investments increased by $2.9 billion month on month to $33.6 billion in the third quarter.
Tesla increased its AI training computing power by over 75% in the third quarter. Meanwhile, as of the third quarter, the FSD fully autonomous driving capability (Driver Supervision Edition) has accumulated over 2 billion miles of driving, with over 50% of this achieved on the V12 version. In addition, the Cyber SUV became the third best-selling electric vehicle in the United States in the third quarter (after Model Y and Model 3).
Tesla's bike sales cost has dropped to a historic low of approximately $35100. Previously, Tesla stated that its long-term goal is to provide autonomous driving services with a cost per mile lower than shared mobility, private cars, and even public transportation.
In addition, the weekly production capacity of the Megapack ultra large electrochemical commercial energy storage system at the Raslop energy storage super factory has reached 200 units. Tesla continues to promote the production capacity increase of Powerwall 3, which is the second consecutive quarter of record high Powerwall installation.