In 1965, Singapore was forced out of Malaysia.
No army.
No resources.
No fresh water.
A tiny island of 2M people living in slums.
Then ONE man's ruthless vision built modern Asia's greatest success...
🧵
Q1 2024 Shareholder Update → https://t.co/fvAaI97WoA
— Highlights
While many are pulling back on their investments in EVs, we are investing in future growth. This includes our AI programs, production capacity, Supercharger & service networks as well as new products infrastructure.
To maximize the impact of our products, we design & manufacture a fully integrated ecosystem.
Cybertruck production ramp is progressing, with a sequential cost improvement in Q1 & a production rate of over 1k units/week in April.
Additionally, 4680 ramp continued successfully in Q1 & remains ahead of Cybertruck ramp.
The future is not only electric, but also autonomous.
Since the launch of FSD V12 earlier this year, it has become clear that a vision-only architecture with end-to-end neural networks, trained on billions of miles of real-world data, is the right solution for scalable autonomy.
We also completed the transition to Hardware 4.0 in Q1, our latest in-vehicle computer with increased inference processing power & improved cameras.
To make FSD Supervised more accessible, we reduced the subscription price to $99/month & purchase price to $8k in the US.
We're also building ride-hailing functionality that will seamlessly integrate into the Tesla app & become available in the future.
Energy storage deployments in Q1 increased sequentially to a record 4.1 GWh & we continue to ramp our 40 GWh Megafactory in Lathrop, CA to full capacity.
New Model 3 Performance launching today 🏎️
→ https://t.co/MylTZE6g29
0-60 mph in 2.9
510 hp / 741 Nm
163 mph top speed
—
Performance-tuned chassis
Same quiet & comfortable cabin plus bespoke chassis hardware for improved stiffness and higher performance baseline.
More power, lower energy consumption
New Performance 4th gen drive unit can deliver:
+22% continuous power
+32% peak power
+16% peak torque
compared to previous Model 3 Performance. All with lower total energy consumption!
Forged & staggered 20" wheels + Pirelli P Zero 4 tires
Better traction out of corners while limiting traction control interventions.
Also, better comfort, lower rolling resistance & increased range.
Better Track Mode
Track Mode V3 now integrates motor controls, suspension controls, powertrain cooling, & our Vehicle Dynamics Controller (VDC) under a single, unified system.
This gives you a more predictable, stable & consistent experience in various track environments.
New Adaptive Damping system
Adjusts to driver & road inputs in real time to optimize ride & handling, while also improving ride comfort.
Controlled via in-house software, which means it keeps improving via future over-the-air software updates.
More aerodynamic exterior design
5% reduced drag, 36% lift reduction & 55% improvement in front-to-rear lift balance compared to previous Model 3 Performance.
New Sports Seats
Same functionality & comfort as before, but with much better lateral support for cornering & dynamic driving