Tesla
TSLAQ4 2024(TSLA Q3 FY2024)Derived1.3% AI
AI Revenue %
1.3%
AI Fair Value
$14.3B
AI Revenue (Q)
$930.9M
Total Revenue (Q)
$71.6B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
For Q3 FY2024 (3 months ended Sep 30, 2024), total revenue was $25,182M. Total deferred revenue was $6,381M ($3,031M current + $3,350M non-current). FSD adoption continued to grow with v12 rollout. Estimating quarterly FSD recognized revenue at ~$320M based on deferred balance trajectory and growing subscriber base. $320M / $25,182M = 1.27%, rounded to 1.3%. Tesla is investing heavily in AI compute (Cortex cluster at Gigafactory Texas).
Analyzed by claude-opus-4-6
Quoted Figures
Total revenues $25,182M for three months ended September 30, 2024
10-Q Consolidated Statements of Operations
Deferred revenue current $3,031M + non-current $3,350M = $6,381M as of September 30, 2024
10-Q Consolidated Balance Sheet
We believe our capabilities and advancements in AI, including the deployment of Cortex, our training cluster at Gigafactory Texas, differentiates us from our competitors
10-K FY2024 Item 1 Business
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