Tesla's Q3 Earnings Call: Listen to Replay of Event (2025)

Tesla's third-quarter earnings call is tomorrow, October 18th at 5:30 pm ET, and it may be one for the books. While there will be talk about the quarter that was, the focus will be on the future. Most notable the Cybertruck and the Model 3 Highland.

This call will also mark a changing of the guard or Master of Coin. Zachary Kirkhorn stepped down as CFO in August, and Vaibhav Taneja, Tesla's Chief Accounting Officer, was promoted.

As always, Tesla opened the questions up to investors and encouraged others to vote the question up or down. These pressing inquiries offer a glimpse into retail and institutional investors' collective concerns and curiosities.

Cybertruck Deliveries: Not surprisingly, the number one topic is the long-awaited Cybertruck. The question of how many deliveries Tesla anticipates for 2024 underscores the importance of the vehicle in Tesla's future strategy and the electric truck market. Also, a fleet of Cybertrucks has gathered outside GigaTexas, as we expect a delivery event date to be announced soon.

Model 3 Highland's US Availability: The refreshed Model 3 is on the showroom floor across the ocean, but no word when the Highland will appear in North America. This is a big deal for investors and buyers. It is believed many buyers are waiting on the latest Tesla, and if so, the floodgates will overflow with sales.

The 4680 Battery Cell Update: Tesla's Battery Day left many in awe, with the 4680 cell being the crown jewel of the event. The progress towards its performance enhancements and cost savings could be a game-changer for Tesla's energy storage and electric vehicle range capabilities. Shareholders are eager for an update on this groundbreaking technology.

Expansion Plans and Factory Updates: Tesla's international growth, particularly in Europe, is a focal point for many. Investors seek clarity on capacity expansion at Tesla's Berlin and Austin factories. Furthermore, the timeline for opening the much-discussed Gigafactory in Mexico is also in the spotlight.

Pricing Decisions on FSD: Full Self-Driving (FSD) is seen as a pivotal aspect of Tesla's future. With the recent price drop, despite improvements, investors are curious about the rationale behind this decision and its implications for the company's autonomous driving strategy.

Legal Liability on FSD: Mercedes has recently started accepting legal responsibility when their Level 3 Drive Pilot system is engaged. This move raises the question: will Tesla follow suit with its FSD? This question is paramount, given the public's scrutiny of autonomous driving safety.

Growth Expectations for 2024: Last but not least, growth projections for 2024 have emerged as a critical topic. The consensus anticipates Tesla will deliver approximately 2.3 million vehicles, marking a 28% growth from 2023. Investors are intrigued by whether this can be achieved without a significant mass-market launch and how this aligns with Tesla's long-term Compound Annual Growth Rate targets.

While the numbers from the earnings report will undoubtedly be critical, these seven questions underline the strategic moves and decisions that will shape Tesla's future. The upcoming call promises to be enlightening, shedding light on Tesla's vision and the electric vehicle market's trajectory.

Listen Live

You can listen to Tesla's earnings call above live at 2:30 pm PT / 5:30 pm ET / 9:30 pm UTC.

xAI’s Grok AI Model has been receiving rapid updates, similar to Tesla’s FSD. After waiting for a major update, the latest version—Grok 3—is set to launch with a live demo on February 17th.

Grok 3 is supposed to bring big improvements, as xAI has changed its approach to training the Large Language Model (LLM). Unlike many other LLMs, Grok can access real-time information and adapt its answers based on the latest news and discussions happening on X’s platform, making it more suited for current events or breaking news.

At the World Governments Summit in Dubai, Elon also mentioned that Grok 3 is already outperforming its competitors, so there is a lot to look forward to. Let’s dig into the new capabilities and then see why they matter to Tesla drivers.

New Capabilities

This time, Grok is set to feature self-correction, reinforcement learning, and synthetic datasets. Self-correction allows Grok to identify and fix its own mistakes, with human oversight ensuring that the process is guided. This helps refine Grok’s future responses as part of its ongoing training.

Reinforcement learning, meanwhile, rewards or penalizes the AI based on its actions. When it performs correctly, it receives a reward, reinforcing that behavior; penalties reduce the likelihood of undesirable actions. Combined with new synthetic datasets, xAI can accelerate Grok’s training process, much like how Tesla’s AI team has been refining FSD. There’s definitely a lot of overlap between the two.

Voice Support

Grok is one of the few remaining publicly available AIs that doesn’t have a live-voice mode. Its competitors - including Google’s Gemini and OpenAI’s ChatGPT - both have live voice response and reasoning and will also integrate and hook into 3rd-party services over voice.

That’s going to be a key feature as Tesla looks to Grok to power its upcoming voice assistant in their vehicles.

Yes

— Elon Musk (@elonmusk) February 16, 2025

Tesla Demo

Musk has previously stated that all Tesla vehicles will eventually receive Grok as a Smart Voice Assistant—one far more capable than the current voice command system.

With changes to the Navigation Voice globally, as well as the “Hi” command finally returning a response, we’re on the verge of Tesla’s integration of a voice assistant.

Tonight’s demo, at 8 pm PT is expected to be live, potentially showing off the integration into Tesla vehicles. Millions of existing Tesla vehicles worldwide could soon take advantage of Grok as a voice assistant. There’s even a rumor of a wake word for the feature — potentially Grok.

Grok’s real-time capabilities mean you could ask it to add a stop to your route for food at the highest-rated local restaurant with minimal wait. Grok would gather and process that information while your car drives itself, then update your route, allowing FSD to take you directly there. You’ll also be able to ask general knowledge questions, such as the weather for tomorrow or the price of Tesla stock.

Controlling the vehicle will also be greatly upgraded. While the current voice command system can handle simple tasks like “Open Charge Port” or “Turn on Defrost,” the new system should be able to handle more complex requests and allow drivers to ask things in a more natural way.

We expect to find out more about Grok in Teslas tonight. Even if the demo tonight doesn’t specifically mention Tesla, a look at Grok’s new abilities could be a first look at what we’ll soon be able to experience in our Teslas.

At the Tesla Q4 2024 Earnings Call, we found out that Tesla now has a firm date and set location for the first deployment of its Robotaxi fleet. Now, several of Tesla's executives have re-iterated that deployment date and location in several different places.

Like most Tesla fans and investors, we’re excited to see Cybercab make its official debut on the streets of Austin, Texas, sometime in June. That’s potentially less than 100 days away - but who’s counting, right?

Elon Confirms

Elon Musk confirmed on X that Tesla is still on track to launch autonomous ride-hailing (Robotaxi) in Austin this June. Plus, they’re also working on rolling it out to even more cities in the United States by the end of the year.

Tesla’s benchmark for expanding deployments is ensuring that Robotaxi safety surpasses the average human driver by a wide margin. Based on the latest Vehicle Safety Report, Supervised FSD is already making strong progress, outperforming the average driver by 10.5 times—a full order of magnitude.

Franz Confirms

Franz Von Holzhausen, Tesla’s Head of Vehicle Design, also confirmed that Tesla will be offering Cybercab rides in Austin starting in June. What’s key here is that he confirmed the presence of Cybercabs finally deploying - it won’t be driverless Model Ys or Model 3s - it’ll be the Cybercab.

NEWS: Franz says Tesla will start offering Cybercab rides in Austin, Texas this June.

“Starting in June we’ll be having Cybercabs rolling around; That’ll be the technology that feels like the future but is happening today.”

via Jay Leno’s Garage pic.twitter.com/jWagsRN4mn

— Sawyer Merritt (@SawyerMerritt) February 10, 2025

That means an autonomy-first vehicle without a driver’s seat, steering wheel, or pedals will be on the road and driving people from point to point. Major autonomy competitors like Waymo use heavily modified EVs that still have seats and vehicle controls intact. An autonomy-first design increases passenger room and storage while also improving efficiency by reducing vehicle weight.

Are you planning on making your way down to Austin to experience the Robotaxi experience first-hand or are you planning on waiting until it’s deployed in a city near you? Let us know your thoughts in our forums or social media.