We're back on Morning Trade Live. Let's focus on Tesla. The stock rallying more than 30% in September after Elon Musk purchased $1 billion in stock and car buyers scrambled to take advantage of that $7,500 electric vehicle tax credit that expired on Tuesday.The company also releasing third quarter delivery numbers this morning and that is the focus of the morning trade. So joining us now for a closer look is Schwan Network host Marley Kaden. Let's dive into the Q3 delivery numbers.What have you seen there, ...

Hello, hello, hello everyone. Thank you all for being here. It's great to see a lot of familiar faces out there.Um, for those joining us online, we're here in the Boring Company tunnel for our latest product unveil. And right on brand, this this event is powered by Mega Packs and Cybertruck. All right, let's get started.At Tesla, we are building a world filled with sustainable abundance, powered by sustainable energy. And tonight we are launching the next chapter in that vision. We are an engineering centri ...

Financial Data and Key Metrics Changes - The total automotive revenue increased by 19% sequentially, despite total deliveries only improving by 14% [35] - The cost of tariffs increased around $300 million sequentially, with approximately two-thirds of that impact in automotive and the rest in energy [36] - Operating cash flows increased sequentially, resulting in $146 million of free cash flow [39] Business Line Data and Key Metrics Changes - The energy generation and solar business margins improved sequentially, while deployment reduced primarily due to the ramp of power deployments at higher margins [36] - The margins for service and other businesses improved sequentially, primarily due to higher profits from supercharging and improvements in insurance and service center profitability [38] - The production of the new Model Y ramped up at all factories, and the rollout of robotaxis service in Austin was initiated [30][31] Market Data and Key Metrics Changes - Model Y became the best-selling car in Turkey, Netherlands, Switzerland, and Austria, indicating strong international demand [8] - The company expects to expand its autonomous ride-hailing service to cover half the US population by the end of the year, pending regulatory approvals [6][7] Company Strategy and Development Direction - The company is focusing on expanding its robotaxi service and aims to increase the service area in Austin significantly [4][6] - There is a strong emphasis on autonomy as a key differentiator, with plans to enhance the full self-driving (FSD) experience and increase adoption rates [9][34] - The company is investing heavily in AI and robotics, with expectations to scale production of the Optimus robot significantly in the coming years [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, stating that if the company continues to execute well, it could become the most valuable company in the world [27][28] - There are concerns about the impact of the repeal of the IRA EV credit and tariffs on near-term business performance, but management believes long-term investments in AI and energy will pay off [31][40] Other Important Information - The company is working on regulatory approvals for autonomous services in various states, including the Bay Area, Nevada, and Florida [6][10] - The company has seen a marked improvement in FSD adoption rates in North America since the launch of version 12 [35][100] Q&A Session Summary Question: Can you give insight into how robo taxis have been performing? - The robo taxis have been performing well in Austin, with plans to expand the operating region significantly [42] Question: What are the key technical and regulatory hurdles for unsupervised FSD? - Unsupervised FSD is expected to be available for personal use by the end of the year in certain geographies, with a focus on safety [44][45] Question: What specific factory tasks is Optimus currently performing? - The Optimus design is expected to be finalized soon, with production ramping up in early next year [49][50] Question: Can you provide an update on the development of more affordable models? - Production of lower-cost models started in June, with a focus on maximizing production without negatively impacting revenue [53] Question: How will the elimination of tax credits for solar projects affect sales? - The sales pipeline is diversified, and while the recent bill was not favorable, solar projects are still expected to be built due to necessity [66] Question: Can you comment on FSD subscription trends? - There has been a 25% increase in FSD adoption since the launch of version 12, with efforts to educate customers on its benefits [100][102]