Tesla
TSLAQ3 2023(TSLA Q2 FY2023)Estimated0.6% AI
AI Revenue %
0.6%
AI Fair Value
$3.5B
AI Revenue (Q)
$149.6M
Total Revenue (Q)
$24.9B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
For Q2 FY2023 (3 months ended Jun 30, 2023), total revenue was $24,927M. Total deferred revenue grew to $5,197M ($2,176M current + $3,021M non-current). The large deferred balance increase reflects growing FSD adoption but most revenue is deferred. Estimating quarterly FSD recognized revenue at ~$150M as recognition schedules lengthen. $150M / $24,927M = 0.60%. Vehicle sales ($20,419M), energy ($1,509M), services ($2,150M), reg credits ($282M), leasing ($567M) are all non-AI.
Analyzed by claude-opus-4-6
Quoted Figures
Total revenues $24,927M for three months ended June 30, 2023
10-Q Consolidated Statements of Operations
Deferred revenue current $2,176M + non-current $3,021M = $5,197M as of June 30, 2023
10-Q Consolidated Balance Sheet
AI Products Identified (Ring 1)
Full Self-Driving (FSD) CapabilityAutopilot
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Dojo AI training compute (internal)Optimus robot (pre-revenue)
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix