Tesla
TSLAQ3 2024(TSLA Q2 FY2024)Derived1.2% AI
AI Revenue %
1.2%
AI Fair Value
$12.0B
AI Revenue (Q)
$306.0M
Total Revenue (Q)
$25.5B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
For Q2 FY2024 (3 months ended Jun 30, 2024), total revenue was $25,500M. Total deferred revenue was $6,150M ($2,793M current + $3,357M non-current). The FSD deferred balance likely remained near $3.5B. With accelerating FSD v12 adoption and subscription growth, estimating quarterly FSD recognized revenue at ~$300M. $300M / $25,500M = 1.18%, rounded to 1.2%. Tesla mentioned deploying FSD capabilities and planned robotaxi product. Reg credits ($890M) and energy ($3,014M) are NOT AI.
Analyzed by claude-opus-4-6
Quoted Figures
Total revenues $25,500M for three months ended June 30, 2024
10-Q Consolidated Statements of Operations
Deferred revenue current $2,793M + non-current $3,357M = $6,150M as of June 30, 2024
10-Q Consolidated Balance Sheet
We will also continue to generate demand by improving our vehicles performance and functionality, including through product offerings and features based on artificial intelligence such as Autopilot, FSD (Supervised), and other software
10-Q Item 2 MD&A
AI Products Identified (Ring 1)
Full Self-Driving (FSD) SupervisedAutopilot
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/Cortex AI training cluster (internal)Optimus robot (pre-revenue)Cybercab/Robotaxi (pre-revenue)
Confidence Tier
DerivedCalculated from reported segments primarily serving AI