Connect with us

Published

on

Tesla (TSLA) has released its official deliveries and production results for the third quarter of 2024. The automaker confirmed that it delivered just short of 463,000 vehicles, which was Wall Street’s expectations.

Tesla Q3 2024 Expectations

After two quarters in a row with deliveries being down year-over-year, a first for Tesla in almost a decade, Wall Street has been expecting Tesla to finally return to year-over-year growth this quarter.

Analysts have a consensus of 463,000 deliveries.

While meeting those expectations would mark a return to year-over-year for Tesla, they would be short of the 485,000 deliveries it needs to stay on track for overall delivery growth in 2024 and short of the 585,000 deliveries it needs to stay on track for its original goal of 2 million deliveries for the year.

Tesla isn’t releasing precise guidance for annual deliveries anymore.

Tesla Q3 2024 Production and Delivery Results

Before markets opened today, Tesla released its production and delivery results for the last quarter. The automaker confirmed that it produced 469,796 vehicles and delivered 462,890 vehicles between July and September 2024.

  Production Deliveries Subject to operating lease accounting
Model 3/Y 443,668 439,975 3%
Other Models 26,128 22,915 1%
Total 469,796 462,890 3%

This comes literally just about a hundred vehicles under Wall Street expectations.

Tesla had been sitting on about 13,000 vehicles in over production before Q3. Now, it adds about 7,000 vehicles to that tally.

Lately, Tesla has been sharing its energy storage deployment with its quarterly automotive delivery results.

Today, Tesla confirmed that it deployed 6.9 GWh of energy storage capacity in Q3 2024.

This compares to the 9.4 GWh installed last quarter.

Electrek’s Take

Wall Street did pretty well this quarter. It was basically right on target, but the stock is down nonetheless, which is often the case when Tesla is not beating expectations.

Tesla is up about 30,000 units year-over-year or 6%, but it now will need a massive Q4 in order to not be down overall for the whole year and it would need a miracle to achieve its original goal of 2 million units.

Further, Tesla did add about 7,000 vehicles of over-production for a total of about 20,000 vehicles for the year. That’s a manageable inventory, but it is still not ideal.

If you are looking to buy a Tesla and you feared that you missed the biggest incentives in Q3, I think it’s safe to say that there will be more incentives again in Q4.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

ChargePoint brings 40+ new fast-charging ports to metro Detroit

Published

on

By

ChargePoint brings 40+ new fast-charging ports to metro Detroit

Metro Detroit is about to get a big boost of fast EV chargers, with more than 40 new ChargePoint ports set to come online across multiple sites owned by the Dabaja Brothers Development Group.

The first ultra-fast charging site just opened in Canton, Michigan. It’s owned and operated by Dabaja Brothers, who plan to follow it with additional ChargePoint-equipped locations in Dearborn and Livonia.

“We started this project because we saw a gap in our community – there was almost nowhere to charge an EV in Canton, and a similar lack of charging across metro Detroit,” said Yousef Dabaja, owner/operator at Dabaja Brothers.

Each metro Detroit site will feature ChargePoint Express Plus fast charging stations, which can deliver up to 500 kW to a single port, can fast-charge two vehicles at the same time, and are compatible with all EVs. The stations feature a proprietary cooling system to deliver peak charging speeds for sustained periods, ensuring that charging speed remains consistent.

Advertisement – scroll for more content

The stations operate on the new ChargePoint Platform, which enables operators to monitor performance, adjust pricing, troubleshoot issues, and gain real-time insights to keep chargers running smoothly.

Rick Wilmer, CEO at ChargePoint, said, “This initiative will rapidly infill the ‘fast charging deserts’ across the Detroit area, allowing drivers to quickly recharge their vehicles when and where they need to.”

Read more: ChargePoint just gave its EV charging software a major AI upgrade


If you’re looking to replace your old HVAC equipment, it’s always a good idea to get quotes from a few installers. To make sure you’re finding a trusted, reliable HVAC installer near you that offers competitive pricing on heat pumps, check out EnergySage. EnergySage is a free service that makes it easy for you to get a heat pump. They have pre-vetted heat pump installers competing for your business, ensuring you get high quality solutions. Plus, it’s free to use!

Your personalized heat pump quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here. – *ad

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Mercedes-Benz opens its first DC fast charging hub at Starbucks

Published

on

By

Mercedes-Benz opens its first DC fast charging hub at Starbucks

Mercedes-Benz High-Power Charging and Starbucks have officially opened their first DC fast charging hub together, off the I-5 in Red Bluff, California.

The 400 kW Mercedes-Benz chargers are capable of adding up to 300 miles in 10 minutes, depending on the EV, and every stall has both NACS and CCS cables – they’re fully open DC fast chargers.

Mercedes-Benz HPC North America, a joint venture between subsidiaries of Mercedes-Benz Group and renewable energy producer MN8 Energy, first announced in July 2024 that it would install DC fast chargers at Starbucks stores along Interstate 5, the main 1,400-mile north-south interstate highway on the US West Coast from Canada to Mexico. Ultimately, Mercedes plans to install fast chargers at 100 Starbucks stores across the US.

Mercedes-Benz HPC opened its first North American charging site at Mercedes-Benz USA’s headquarters in Sandy Springs, Georgia, in November 2023 as part of an initial $1 billion charging network investment. As of the end of 2024, Mercedes had deployed over 150 operational fast chargers in the US, but it hasn’t disclosed an official number of how many chargers are currently online.

Advertisement – scroll for more content

Andrew Cornelia, CEO of Mercedes-Benz HPC North America, is leaving the company at the end of the month to become global head of electrification & sustainability at Uber.

Read more: Mercedes-Benz is deploying 400 kW US-made EV fast chargers with CCS and NACS cables


If you’re looking to replace your old HVAC equipment, it’s always a good idea to get quotes from a few installers. To make sure you’re finding a trusted, reliable HVAC installer near you that offers competitive pricing on heat pumps, check out EnergySage. EnergySage is a free service that makes it easy for you to get a heat pump. They have pre-vetted heat pump installers competing for your business, ensuring you get high quality solutions. Plus, it’s free to use!

Your personalized heat pump quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here. – *ad

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Tesla AI4 vs. NVIDIA Thor: the brutal reality of self-driving computers

Published

on

By

Tesla AI4 vs. NVIDIA Thor: the brutal reality of self-driving computers

The race for autonomous driving has three fronts: software, hardware, and regulatory. For years, we’ve watched Tesla try to brute-force its way to “Full Self-Driving (FSD)” with its own custom hardware, while the rest of the automotive industry is increasingly lining up behind NVIDIA.

Now that we know Tesla’s new AI5 chip is delayed and won’t be in vehicles until 2027, it’s worth comparing the two most dominant “self-driving” chips today: Tesla’s latest Hardware 4 (AI4) and NVIDIA’s Drive Thor.

Here’s a table comparing the two chips with the best possible specs I could find. greentheonly’s teardown was particularly useful. If you find things you think are not accurate, please don’t hesitate to reach out:

Feature / Specification Tesla AI4 (Hardware 4.0) NVIDIA Drive Thor (AGX / Jetson)
Developer / Architect Tesla (in-house) NVIDIA
Manufacturing Process Samsung 7nm (7LPP class) TSMC 4N (custom 5nm class)
Release Status In production (shipping since 2023) In production since 2025
CPU Architecture ARM Cortex-A72 (legacy) ARM Neoverse V3AE (server-grade)
CPU Core Count 20 cores (5× clusters of 4 cores) 14 cores (Jetson T5000 configuration)
AI Performance (INT8) ~100–150 TOPS (dual-SoC system) 1,000 TOPS (per chip)
AI Performance (FP4) Not supported / not disclosed 2,000 TFLOPS (per chip)
Neural Processing Unit 3× custom NPU cores per SoC Blackwell Tensor Cores + Transformer Engine
Memory Type GDDR6 LPDDR5X
Memory Bus Width 256-bit 256-bit
Memory Bandwidth ~384 GB/s ~273 GB/s
Memory Capacity ~16 GB typical system Up to 128 GB (Jetson Thor)
Power Consumption Est. 80–100 W (system) 40 W – 130 W (configurable)
Camera Support 5 MP proprietary Tesla cameras Scalable, supports 8MP+ and GMSL3
Special Features Dual-SoC redundancy on one board Native Transformer Engine, NVLink-C2C

The most striking difference right off the bat is the manufacturing process. NVIDIA is throwing everything at Drive Thor, using TSMC’s cutting-edge 4N process (a custom 5nm-class node). This allows them to pack in the new Blackwell architecture, which is essentially the same tech powering the world’s most advanced AI data centers.  

Advertisement – scroll for more content

Tesla, on the other hand, pulled a move that might surprise spec-sheet warriors. Teardowns confirm that AI4 is built on Samsung’s 7nm process. This is mature, reliable, and much cheaper than TSMC’s bleeding-edge nodes.

When you look at the compute power, NVIDIA claims a staggering 2,000 TFLOPS for Thor. But there’s a catch. That number uses FP4 (4-bit floating point) precision, a new format designed specifically for the Transformer models used in generative AI.  

Tesla’s AI4 is estimated to hit around 100-150 TOPS (INT8) across its dual-SoC redundant system. On paper, it looks like a slaughter, but Tesla made a very specific engineering trade-off that tells us exactly what was bottling up their software: memory bandwidth.

Tesla switched from LPDDR4 in HW3 to GDDR6 in HW4, the same power-hungry memory you find in gaming graphics cards (GPUs). This gives AI4 a massive memory bandwidth of approximately 384 GB/s, compared to Thor’s 273 GB/s (on the single-chip Jetson config) using LPDDR5X.  

This suggests Tesla’s vision-only approach, which ingests massive amounts of raw video from high-res cameras, was starving for data.

Based on Elon Musk’s comments that Tesla’s AI5 chip will have 5x the memory bandwidth, it sounds like it might still be Tesla’s bottleneck.

Here is where Tesla’s cost-cutting really shows. AI4 is still running on ARM Cortex-A72 cores, an architecture that is nearly a decade old. They bumped the core count to 20, but it’s still old tech.  

NVIDIA Thor, meanwhile, uses the ARM Neoverse V3AE, a server-grade CPU explicitly designed for the modern software-defined vehicle. This allows Thor to run not just the autonomous driving stack, but the entire infotainment system, dashboard, and potentially even an in-car AI assistant, all on one chip.

Thor has found many takers, especially among Tesla EV competitors such as BYD, Zeekr, Lucid, Xiaomi, and many more.

Electrek’s Take

There’s one thing that is not in there: price. I would assume that Tesla wins on that front, and that’s a big part of the project. Tesla developed a chip that didn’t exist, and that it needed.

It was an impressive feat, but it doesn’t make Tesla an incredible leader in silicon for self-driving.

Tesla is maxing out AI4. It now uses both chips, making it less likely to achieve the redundancy levels you need to deliver level 4-5 autonomy.

Meanwhile, we don’t have a solution for HW3 yet and AI5 is apparently not coming to save the day until 2027.

By then, there will likely be millions of vehicles on the road with NVIDIA Thor processors.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending