Provides access to a stable, high-performance financial market data source hosted on Hugging Face, offering historical stock prices, financial statements, TTM metrics, SEC filings, and earnings call transcripts.
Defeat Beta API
An open-source alternative to Yahoo Finance's market data APIs with higher reliability.
See the example guide for detailed usage instructions, and try it out directly in an interactive environment using
.
The list of changes can be found in the Changelog
Introduction
✅ High-Performance & Reliable Data Engine: Provides a stable, reproducible market data source fully hosted on Hugging Face’s yahoo-finance-data dataset—eliminating scraping issues and rate limits. Powered by DuckDB’s OLAP engine and the cache_httpfs extension, the system delivers sub-second analytical queries with full SQL compatibility, giving you a unified, high-performance workflow for large-scale financial data.
✅ Extended Financial Data: Includes TTM EPS, TTM PE, Market Cap, PS Ratio, PB Ratio, PEG Ratio, ROE, ROIC, WACC, ROA, Equity Multiplier, Assert Turnover, SEC Filings, Earnings call transcripts, Stock News, Revenue by segment and Revenue by geography etc. (continuously expanding).
✅ LLM-Powered Analysis: Use Large Language Models (LLMs) to analyze earnings call transcripts, quarterly financial changes, and quarterly forecasts to extract key data, understand metric changes, and interpret forecast drivers.
✅ MCP Server implementation: A MCP server implementation for defeatbeta-api, provides AI access analysis through MCP. Click here to discover more ways to use MCP.
Quickstart
Installation
Install defeatbeta-api from PYPI using pip:
MacOS / Linux
$ pip install defeatbeta-api
Windows
⚠️ Requires WSL/Docker Due to dependencies on cache_httpfs (unsupported on Windows):
Option 1: WSL (Recommended)
Install WSL
In WSL terminal:
$ pip install defeatbeta-api
Option 2: Docker
Install Docker Desktop
Run in Linux container:
docker run -it python:latest pip install defeatbeta-api
Usage
Instantiate the Ticker class with a company's ticker symbol. For example, to get Tesla, Inc. data:
import defeatbeta_api
from defeatbeta_api.data.ticker import Ticker
ticker = Ticker('TSLA')
The following examples demonstrate common API usage patterns (see more examples in this documentation):
Example: Fetching Stock Price Data
ticker.price()
>>> ticker.price()
symbol report_date open close high low volume
0 TSLA 2010-06-29 1.27 1.59 1.67 1.17 281494500
1 TSLA 2010-06-30 1.72 1.59 2.03 1.55 257806500
2 TSLA 2010-07-01 1.67 1.46 1.73 1.35 123282000
3 TSLA 2010-07-02 1.53 1.28 1.54 1.25 77097000
4 TSLA 2010-07-06 1.33 1.07 1.33 1.06 103003500
... ... ... ... ... ... ... ...
3716 TSLA 2025-04-07 223.78 233.29 252.00 214.25 183453800
3717 TSLA 2025-04-08 245.00 221.86 250.44 217.80 171603500
3718 TSLA 2025-04-09 224.69 272.20 274.69 223.88 219433400
3719 TSLA 2025-04-10 260.00 252.40 262.49 239.33 181722600
3720 TSLA 2025-04-11 251.84 252.31 257.74 241.36 128656900
[3721 rows x 7 columns]
Example: Accessing Financial Statements
statement = ticker.quarterly_income_statement()
print(statement.print_pretty_table())
>>> statement=ticker.quarterly_income_statement()
>>> statement.print_pretty_table()
|------------------------------------------------------------+------------+---------------+------------+------------+------------+------------+------------+------------+------------+------------+------------+------------|
| Breakdown | TTM | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 |
|------------------------------------------------------------+------------+---------------+------------+------------+------------+------------+------------+------------+------------+------------+------------+------------|
| +Total Revenue | 97,690,000 | 25,707,000 | 25,182,000 | 25,500,000 | 21,301,000 | 25,167,000 | 23,350,000 | 24,927,000 | * | * | * | 16,934,000 |
| Operating Revenue | 97,690,000 | 25,707,000 | 25,182,000 | 25,500,000 | 21,301,000 | 25,167,000 | 23,350,000 | 24,927,000 | * | * | * | 16,934,000 |
| Cost of Revenue | 80,240,000 | 21,528,000 | 20,185,000 | 20,922,000 | 17,605,000 | 20,729,000 | 19,172,000 | 20,394,000 | * | * | * | 12,700,000 |
| Gross Profit | 17,450,000 | 4,179,000 | 4,997,000 | 4,578,000 | 3,696,000 | 4,438,000 | 4,178,000 | 4,533,000 | * | * | * | 4,234,000 |
| +Operating Expense | 9,690,000 | 2,589,000 | 2,225,000 | 2,351,000 | 2,525,000 | 2,374,000 | 2,414,000 | 2,134,000 | * | * | * | 1,628,000 |
| Selling General and Administrative | 5,150,000 | 1,313,000 | 1,186,000 | 1,277,000 | 1,374,000 | 1,280,000 | 1,253,000 | 1,191,000 | * | * | * | 961,000 |
| Research & Development | 4,540,000 | 1,276,000 | 1,039,000 | 1,074,000 | 1,151,000 | 1,094,000 | 1,161,000 | 943,000 | * | * | * | 667,000 |
| Operating Income | 7,760,000 | 1,590,000 | 2,772,000 | 2,227,000 | 1,171,000 | 2,064,000 | 1,764,000 | 2,399,000 | * | * | * | 2,606,000 |
| +Net Non-Operating Interest Income Expense | 1,219,000 | 346,000 | 337,000 | 262,000 | 274,000 | 272,000 | 244,000 | 210,000 | * | * | * | -18,000 |
| Non-Operating Interest Income | 1,569,000 | 442,000 | 429,000 | 348,000 | 350,000 | 333,000 | 282,000 | 238,000 | * | * | * | 26,000 |
| Non-Operating Interest Expense | 350,000 | 96,000 | 92,000 | 86,000 | 76,000 | 61,000 | 38,000 | 28,000 | * | * | * | 44,000 |
| +Other Income Expense | 11,000 | 830,000 | -325,000 | -602,000 | 108,000 | -145,000 | 37,000 | 328,000 | * | * | * | -114,000 |
| +Special Income Charges | -684,000 | -7,000 | -55,000 | -622,000 | * | 0 | 0 | 0 | * | -34,000 | 0 | -142,000 |
| Restructuring & Mergers Acquisition | 684,000 | 7,000 | 55,000 | 622,000 | * | 0 | 0 | 0 | * | 34,000 | 0 | 142,000 |
| Other Non Operating Income Expenses | 695,000 | 837,000 | -270,000 | 20,000 | 108,000 | -145,000 | 37,000 | 328,000 | * | * | * | 28,000 |
| Pretax Income | 8,990,000 | 2,766,000 | 2,784,000 | 1,887,000 | 1,553,000 | 2,191,000 | 2,045,000 | 2,937,000 | * | * | * | 2,474,000 |
| Tax Provision | 1,837,000 | 434,000 | 601,000 | 393,000 | 409,000 | -5,752,000 | 167,000 | 323,000 | * | * | * | 205,000 |
| +Net Income Common Stockholders | 7,130,000 | 2,314,000 | 2,167,000 | 1,478,000 | 1,171,000 | 7,927,000 | 1,851,000 | 2,703,000 | * | * | * | 2,256,000 |
| +Net Income(Attributable to Parent Company Shareholders) | 7,130,000 | 2,356,000 | 2,167,000 | 1,478,000 | 1,129,000 | 7,930,000 | 1,853,000 | 2,703,000 | * | * | * | 2,259,000 |
| +Net Income Including Non-Controlling Interests | 7,153,000 | 2,332,000 | 2,183,000 | 1,494,000 | 1,144,000 | 7,943,000 | 1,878,000 | 2,614,000 | * | * | * | 2,269,000 |
| Net Income Continuous Operations | 7,153,000 | 2,332,000 | 2,183,000 | 1,494,000 | 1,144,000 | 7,943,000 | 1,878,000 | 2,614,000 | * | * | * | 2,269,000 |
| Minority Interests | -23,000 | 24,000 | -16,000 | -16,000 | -15,000 | -13,000 | -25,000 | 89,000 | * | * | * | -10,000 |
| Otherunder Preferred Stock Dividend | * | * | 0 | * | -42,000 | * | 2,000 | 0 | -5,000 | * | 0 | 3,000 |
| Adjustments for Dilutive Securities | 0 | * | * | * | * | 0 | 0 | 0 | * | 0 | 0 | 0 |
| Diluted NI Available to Com Stockholders | 7,130,000 | 2,314,000 | 2,167,000 | 1,478,000 | 1,171,000 | 7,927,000 | 1,851,000 | 2,703,000 | * | * | * | 2,256,000 |
| Basic EPS | 3.41 | * | 0.68 | 0.46 | 0.37 | 2.49 | 0.58 | 0.85 | * | * | * | 0.73 |
| Diluted EPS | 3.1 | * | 0.62 | 0.42 | 0.34 | 2.27 | 0.53 | 0.78 | * | * | * | 0.65 |
| Basic Average Shares | 3,168,250 | * | 3,198,000 | 3,191,000 | 3,186,000 | 3,181,000 | 3,176,000 | 3,171,000 | * | * | * | 3,111,000 |
| Diluted Average Shares | 3,480,250 | * | 3,497,000 | 3,481,000 | 3,484,000 | 3,492,000 | 3,493,000 | 3,478,000 | * | * | * | 3,464,000 |
| Total Operating Income as Reported | 7,076,000 | 1,583,000 | 2,717,000 | 1,605,000 | 1,171,000 | 2,064,000 | 1,764,000 | 2,399,000 | * | * | * | 2,464,000 |
| Rent Expense Supplemental | 1,003,000 | 242,000 | 247,000 | 245,000 | 269,000 | 296,000 | 301,000 | 338,000 | * | * | * | * |
| Total Expenses | 89,930,000 | 24,117,000 | 22,410,000 | 23,273,000 | 20,130,000 | 23,103,000 | 21,586,000 | 22,528,000 | * | * | * | 14,328,000 |
| Net Income from Continuing & Discontinued Operation | 7,130,000 | 2,356,000 | 2,167,000 | 1,478,000 | 1,129,000 | 7,930,000 | 1,853,000 | 2,703,000 | * | * | * | 2,259,000 |
| Normalized Income | 7,677,200 | 2361901663.05 | 2,209,900 | 1,969,380 | 1,129,000 | 7,930,000 | 1,853,000 | 2,703,000 | * | * | * | 2,389,640 |
| Interest Income | 1,569,000 | 442,000 | 429,000 | 348,000 | 350,000 | 333,000 | 282,000 | 238,000 | * | * | * | 26,000 |
| Interest Expense | 350,000 | 96,000 | 92,000 | 86,000 | 76,000 | 61,000 | 38,000 | 28,000 | * | * | * | 44,000 |
| Net Interest Income | 1,219,000 | 346,000 | 337,000 | 262,000 | 274,000 | 272,000 | 244,000 | 210,000 | * | * | * | -18,000 |
| EBIT | 9,340,000 | 2,862,000 | 2,876,000 | 1,973,000 | 1,629,000 | 2,252,000 | 2,083,000 | 2,965,000 | * | * | * | 2,518,000 |
| EBITDA | 14,708,000 | 4,358,000 | 4,224,000 | 3,251,000 | 2,875,000 | 3,484,000 | 3,318,000 | 4,119,000 | * | * | * | * |
| Reconciled Cost of Revenue | 80,240,000 | 21,528,000 | 20,185,000 | 20,922,000 | 17,605,000 | 20,729,000 | 19,172,000 | 20,394,000 | * | * | * | 12,700,000 |
| Reconciled Depreciation | 5,368,000 | 1,496,000 | 1,348,000 | 1,278,000 | 1,246,000 | 1,232,000 | 1,235,000 | 1,154,000 | * | * | * | 922,000 |
| Net Income from Continuing Operation Net Minority Interest | 7,130,000 | 2,356,000 | 2,167,000 | 1,478,000 | 1,129,000 | 7,930,000 | 1,853,000 | 2,703,000 | * | * | * | 2,259,000 |
| Total Unusual Items Excluding Goodwill | -684,000 | -7,000 | -55,000 | -622,000 | * | 0 | 0 | 0 | * | -34,000 | 0 | -142,000 |
| Total Unusual Items | -684,000 | -7,000 | -55,000 | -622,000 | * | 0 | 0 | 0 | * | -34,000 | 0 | -142,000 |
| Normalized EBITDA | 15,392,000 | 4,365,000 | 4,279,000 | 3,873,000 | 2,875,000 | 3,484,000 | 3,318,000 | 4,119,000 | * | * | * | 3,582,000 |
| Tax Rate for Calcs | 0.2 | 0.16 | 0.22 | 0.21 | 0.26 | 0.21 | 0.08 | 0.11 | * | * | * | 0.08 |
| Tax Effect of Unusual Items | -136,800 | -1098336.95 | -12,100 | -130,620 | 0 | 0 | 0 | 0 | * | * | * | -11,360 |
|------------------------------------------------------------+------------+---------------+------------+------------+------------+------------+------------+------------+------------+------------+------------+------------|
Example: Accessing Earnings Call Transcripts
Fetching transcripts list
transcripts = ticker.earning_call_transcripts()
transcripts.get_transcripts_list()
>>> transcripts = ticker.earning_call_transcripts()
>>> transcripts.get_transcripts_list()
symbol fiscal_year fiscal_quarter report_date transcripts transcripts_id
0 TSLA 2011 2 2011-08-03 [{'paragraph_number': 1, 'speaker': 'Executive... 303288
1 TSLA 2011 3 2011-11-03 [{'paragraph_number': 1, 'speaker': 'Executive... 303289
2 TSLA 2011 4 2012-02-16 [{'paragraph_number': 1, 'speaker': 'Operator'... 303290
3 TSLA 2012 1 2012-05-09 [{'paragraph_number': 1, 'speaker': 'Executive... 303291
4 TSLA 2012 2 2012-07-25 [{'paragraph_number': 1, 'speaker': 'Executive... 303292
5 TSLA 2012 3 2012-11-05 [{'paragraph_number': 1, 'speaker': 'Executive... 303293
6 TSLA 2012 4 2013-02-20 [{'paragraph_number': 1, 'speaker': 'Executive... 303294
7 TSLA 2013 1 2013-05-08 [{'paragraph_number': 1, 'speaker': 'Executive... 303295
8 TSLA 2013 2 2013-08-07 [{'paragraph_number': 1, 'speaker': 'Executive... 303296
9 TSLA 2013 3 2013-11-05 [{'paragraph_number': 1, 'speaker': 'Executive... 303297
10 TSLA 2013 4 2014-02-19 [{'paragraph_number': 1, 'speaker': 'Executive... 303298
11 TSLA 2014 1 2014-05-08 [{'paragraph_number': 1, 'speaker': 'Executive... 303299
12 TSLA 2014 2 2014-08-01 [{'paragraph_number': 1, 'speaker': 'Executive... 303300
13 TSLA 2014 3 2014-11-05 [{'paragraph_number': 1, 'speaker': 'Executive... 303301
14 TSLA 2014 4 2015-02-12 [{'paragraph_number': 1, 'speaker': 'Executive... 303302
15 TSLA 2015 1 2015-05-05 [{'paragraph_number': 1, 'speaker': 'Executive... 303303
16 TSLA 2015 2 2015-07-30 [{'paragraph_number': 1, 'speaker': 'Executive... 303304
17 TSLA 2015 3 2015-10-30 [{'paragraph_number': 1, 'speaker': 'Executive... 303305
18 TSLA 2015 4 2016-02-10 [{'paragraph_number': 1, 'speaker': 'Executive... 303306
19 TSLA 2016 1 2016-05-05 [{'paragraph_number': 1, 'speaker': 'Executive... 303308
20 TSLA 2016 2 2016-08-03 [{'paragraph_number': 1, 'speaker': 'Executive... 303310
21 TSLA 2016 3 2016-10-27 [{'paragraph_number': 1, 'speaker': 'Executive... 303312
22 TSLA 2016 4 2017-02-23 [{'paragraph_number': 1, 'speaker': 'Executive... 303314
23 TSLA 2017 1 2017-05-04 [{'paragraph_number': 1, 'speaker': 'Executive... 303316
24 TSLA 2017 2 2017-08-03 [{'paragraph_number': 1, 'speaker': 'Executive... 303318
25 TSLA 2017 3 2017-11-02 [{'paragraph_number': 1, 'speaker': 'Executive... 303320
26 TSLA 2017 4 2018-02-07 [{'paragraph_number': 1, 'speaker': 'Executive... 303322
27 TSLA 2018 1 2018-05-03 [{'paragraph_number': 1, 'speaker': 'Executive... 303324
28 TSLA 2018 2 2018-08-02 [{'paragraph_number': 1, 'speaker': 'Executive... 303327
29 TSLA 2018 3 2018-10-25 [{'paragraph_number': 1, 'speaker': 'Executive... 303329
30 TSLA 2018 4 2019-01-31 [{'paragraph_number': 1, 'speaker': 'Operator'... 303331
31 TSLA 2019 1 2019-04-25 [{'paragraph_number': 1, 'speaker': 'Operator'... 303333
32 TSLA 2019 2 2019-07-24 [{'paragraph_number': 1, 'speaker': 'Operator'... 303335
33 TSLA 2019 3 2019-10-24 [{'paragraph_number': 1, 'speaker': 'Operator'... 303337
34 TSLA 2019 4 2020-01-30 [{'paragraph_number': 1, 'speaker': 'Operator'... 303339
35 TSLA 2020 1 2020-04-29 [{'paragraph_number': 1, 'speaker': 'Operator'... 303341
36 TSLA 2020 2 2020-07-22 [{'paragraph_number': 1, 'speaker': 'Operator'... 303343
37 TSLA 2020 3 2020-10-21 [{'paragraph_number': 1, 'speaker': 'Operator'... 303345
38 TSLA 2020 4 2021-01-27 [{'paragraph_number': 1, 'speaker': 'Operator'... 303347
39 TSLA 2021 1 2021-04-27 [{'paragraph_number': 1, 'speaker': 'Operator'... 303349
40 TSLA 2021 2 2021-07-26 [{'paragraph_number': 1, 'speaker': 'Operator'... 303350
41 TSLA 2021 3 2021-10-20 [{'paragraph_number': 1, 'speaker': 'Lars Mora... 303352
42 TSLA 2021 4 2022-01-26 [{'paragraph_number': 1, 'speaker': 'Martin Vi... 303355
43 TSLA 2022 1 2022-04-20 [{'paragraph_number': 1, 'speaker': 'Martin Vi... 303358
44 TSLA 2022 2 2022-07-20 [{'paragraph_number': 1, 'speaker': 'Martin Vi... 303360
45 TSLA 2022 3 2022-10-19 [{'paragraph_number': 1, 'speaker': 'Martin Vi... 303362
46 TSLA 2022 4 2023-01-25 [{'paragraph_number': 1, 'speaker': 'Martin Vi... 303364
47 TSLA 2023 1 2023-04-19 [{'paragraph_number': 1, 'speaker': 'Martin Vi... 303366
48 TSLA 2023 2 2023-07-19 [{'paragraph_number': 1, 'speaker': 'Martin Vi... 303370
49 TSLA 2023 3 2023-10-18 [{'paragraph_number': 1, 'speaker': 'Elon Musk... 303372
50 TSLA 2023 4 2024-01-24 [{'paragraph_number': 1, 'speaker': 'Martin Vi... 303374
51 TSLA 2024 1 2024-04-23 [{'paragraph_number': 1, 'speaker': 'Martin Vi... 303376
52 TSLA 2024 2 2024-07-24 [{'paragraph_number': 1, 'speaker': 'Travis Ax... 303378
53 TSLA 2024 3 2024-10-23 [{'paragraph_number': 1, 'speaker': 'Travis Ax... 303380
54 TSLA 2024 4 2025-01-29 [{'paragraph_number': 1, 'speaker': 'Operator'... 486436
Fetching the Q4 2024 Earnings Call Transcript
transcripts = ticker.earning_call_transcripts()
transcripts.get_transcript(2024, 4)
>>> transcripts.get_transcript(2024, 4)
paragraph_number speaker content
0 1 Operator Good afternoon, everyone and welcome to Tesla'...
1 2 Elon Musk Thank you. So, in summary, in Q4, we set a rec...
2 3 Travis Axelrod Great. Thank you very much, Elon. And, Vaibhav...
3 4 Vaibhav Taneja Yeah, I'll talk about things on Earth. As Elon...
4 5 Travis Axelrod Great. Thank you very much, Vaibhav. Now, we w...
.. ... ... ...
74 75 Vaibhav Taneja So, is your question, Dan, that how do we marr...
75 76 Travis Axelrod Go ahead and unmute yourself, Dan.
76 77 Dan Levy Yeah. More so just how much more aggressively ...
77 78 Elon Musk Well, right now, the constraint we're trying t...
78 79 Travis Axelrod Great. Alrighty. And with that, I think we are...
[79 rows x 3 columns]
Print Formatted Table of 2024 Q4 Earnings Call
transcripts = ticker.earning_call_transcripts()
transcripts.print_pretty_table(2024, 4)
>>> transcripts.print_pretty_table(2024, 4)
Earnings Call Transcripts FY2024 Q4 (Reported on 2025-01-29)
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| 1 | Operator | Good afternoon, everyone and welcome to Tesla's Fourth Quarter 2024 Q&A Webcast. My name is Travis Axelrod, the Head of Investor Relations here at Tesla, and I am joined today by Elon Musk and Vaibhav Taneja and a number of other executives. Our Q4 results were announced at about 3.00 p.m. Central Time in the update deck we published at the same link as this webcast. During this call, we will discuss our business outlook and make forward-looking statements. These comments are based on our predictions and expectations as of today. Actual events or results could differ materially due to a number of risks and uncertainties, including those mentioned in our most recent filings with the SEC. During the question-and-answer portion of today's call, please limit yourself to one question and one follow-up. Please use the raise hand button to join the question queue. Before we jump into Q&A, Elon has some opening remarks. Elon? |
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| 2 | Elon Musk | Thank you. So, in summary, in Q4, we set a record and delivered vehicles at an annualized rate of nearly 2 million a year. So, congratulations to the Tesla team on excellent work, achieving record production and deliveries. Model Y was the best-selling vehicle of any kind for 2024. That's worth noting. Not just the best electric vehicle, the best vehicle of any kind on earth, number one was Model Y. We're staying focused on maximizing volumes and obviously doubling down for, I don't know what, it really, I was going to say doubling down on autonomy, but really it's like autonomy is like 10x-ing. Frankly, doubling is not even enough. We made many critical investments in 2024 in manufacturing AI and robotics that will bear immense fruit in the future, immense. Like it's, in fact, to such a scale that it is difficult to comprehend. And I've said this before, and I'll stand by it. I see a path, I'm not saying it's an easy path, but I see a path for Tesla being the most valuable company in the world by far, not even close. Like, maybe several times more than, I mean, there is a path where Tesla is worth more than the next top five companies combined. There's a path to that. I mean, I think it's like an incredibly, just like a difficult path, but it is an achievable path. So -- and that is overwhelmingly due to autonomous vehicles and autonomous humanoid robots. So, our focus is actually building towards that. And that's where we're laying the ground. We laid the ground work for that in 2024. We'll continue to lay the ground work for that in 2025. In fact, more than laid the groundwork actually, so it would be building the structure, it’d be we're building the manufacturing lines and like -- like, setting up for what I think will be an epic 2026 and a ridiculous ‘27 and ‘28. Ridiculously good. That is my prediction. As yet, very few people understand the value of Full Self Driving and our ability to monetize the fleet. I've -- some of these things I've said for quite a long time and I know people said, well, Elon is the boy who cried wolf like several times but I'm telling you there's a damn wolf this time and you can drive it. In fact, it can drive you. It's a self-driving wolf. For a lot of people, like their experience of Tesla autonomy is like, if it's even a year old, if it's even two years old, it's like meeting someone when they're like a toddler and thinking that they're going to be a toddler forever. But obviously they're not going to be a toddler forever if they grow up. But if their last experience was like, FSD was a toddler, it's like, well, it's grown up now. Have you seen it? It's like walks and talks. And that's really what we've got. And it's difficult for people to understand this because human intuition is linear as opposed to what we're seeing is exponential progress. So, that's why my number one recommendation for anyone who doubts is simply try it. Have you tried it? When's the last time you tried it? And the only people who are skeptical, the only people who are skeptical are those who have not tried it. So, a car goes -- a passenger car typically has only about 10 hours of utility per week out of 168. A very small percentage. Once that car is autonomous, my rough estimate is that it is in use for at least a third of the hours of the week. So, call it 50, maybe 55 hours of the week. And it can be useful both for cargo delivery and people delivery. So, even let's say people are asleep, but you can deliver packages in the middle of the night or resupply restaurants or whatever the case may be, whatever people need at all hours of the day or night. That same asset, the thing that these things that already exist with no incremental cost change, just a software update, now have five times or more the utility than they currently have. I think this will be the largest asset value increase in human history. Maybe there's something bigger, but I just don't know what it is. And so people who look in the rearview mirror are looking for past precedent, except I don't think there is one. So -- but the reality of autonomy is upon us. And I repeat my advice, try driving the car or let it drive you. So, now it works very well in the US, but of course it will over time work just as well everywhere else. So, we're working hard to grow our annual volumes. Our constraint this year -- our current constraint is battery packs this year, but we're working on addressing that constraint. And I think we will make progress on addressing that constraint. And then things are really going to go ballistic next year, and really ballistic in ‘27 and ‘28. So, yeah. So, a bit more on Full Self Driving. Our Q4 Vehicle Safety Report shows continued year-over-year improvement in safety for vehicles so that the safety numbers, if somebody has supervised Full Self Driving turned on or not, the safety differences are gigantic. So, and people have seen the immense improvement with Version 13 and with incremental versions in Version 13 and then Version 14 is going to be yet another step beyond that that is very significant. We launched the Cortex training cluster at Gigafactory Austin, which was a significant contributor to FSD advancement, and we continue to invest in training infrastructure out of Texas headquarters. So, the training needs for Optimus or Optimus humanoid robot are probably at least ultimately 10x of what's needed for the car, at least to get to the full range of useful roles. You can say, how many different roles are there for a humanoid robot versus a car? Humanoid robot has probably, well, 1000 times more uses and more complex things than in a car. That doesn't mean the training scales by a 1000, but it's probably 10x. Now you can do this progressively. So it doesn't mean like, or Tesla is going to spend like $500 billion in training compute. Because we obviously train Optimus to do enough tasks to match the output of Optimus robots. And obviously, the cost of training is dropping dramatically with time. So, it is one of those things where I think long-term, Optimus will be -- Optimus has the potential to be north of $10 trillion in revenue. Like, it's really bananas. So that you can obviously afford a lot of training compute in that situation. In fact, even $500 billion training compute in that situation would be quite a good deal. Yeah. The future's going to be incredibly different from the past, that's for sure. We live at this unbelievable inflection point in human history. So, yeah. So, the proof is in the pudding. So, we're going to be launching unsupervised Full Self Driving as a paid service in Austin in June. So -- and I've talked with the team. We feel confident in being able to do an initial launch of unsupervised, no one in the car, Full Self Driving in Austin in June. We already have Tesla's operating autonomously unsupervised Full Self Driving at our factory in Fremont and we’ll soon be doing that at our factory in Texas. So, thousands of cars every day are driving with no one in them at our Fremont factory in California. They will soon be doing that in Austin and then elsewhere in the world for the rest of our factories which is pretty cool. And the cars aren't just driving to exactly the same spot because obviously it all, [went and collide] (ph) at the same spot. The cars are actually programmed with what lane they need to park in to be picked up for delivery. So, they drive from the factory end of line to their specific - to their destination parking spot and then could be picked up for delivery to customers and then doing this reliably every day, thousands of times a day. It's pretty cool. Like I said, the Teslas will be in the wild with no one in them, in June in Austin. So, what I'm saying is this is not some far-off mythical situation. It's literally, five, six months away, five months away kind of thing. And while we're stepping into -- putting our toe in the water gently at first, just to make sure everything's cool, our solution is a generalized AI solution. It does not require high precision maps of a locality. So we just want to be cautious. It's not that it doesn't work beyond Austin. In fact, it does. We just want to be, put a toe in the water, make sure everything is okay, then put a few more toes in the water, then put a foot in the water with safety of the general public and those in the car as our top priority. With regard to Optimus, obviously I'm making these revenue predictions that sound absolutely insane. I realize that. But they are, I think, they will prove to be accurate. Yeah. Now, with Optimus, there's a lot of uncertainty on the exact timing, because it's not like a train arriving at the station for Optimus. We are designing the train and the station and in real time while also building the tracks. And so they're like, people shouldn’t say like, why didn't the train arrive exactly at 12:05? We're literally designing the train and the track and the station in real time while you're saying, how can we predict this thing with absolute precision? It's impossible. The normal internal plan calls for roughly 10,000 Optimus robots to be built this year. Will we succeed in building 10,000 exactly by the end of December this year? Probably not, but will we succeed in making several thousand? Yes, I think we will. Will those several thousand Optimus robots be doing useful things by the end of year? Yes, I'm confident they will do useful things. The Optimus in use at the Tesla factories, production design one, will inform how - what we change for production design two, which we expect to launch next year. And our goal is to ramp prompt Optimus production faster than maybe anything's ever been ramped. Meaning, like aspirationally an order of magnitude ramp per year. Now, if we aspire to an order of magnitude ramp per year, perhaps we only end up with a half order of magnitude per year. But that's the kind of growth that we're talking about. It doesn't take very many years before we're making 100 million of these things a year. If you go up by, let's say, a factor, by 5x per year, insane. Not 50%, 500%. So, these are big growth numbers. Yeah. But we do need to be -- this is an entirely new supply chain, is entirely new technology. There's nothing off the shelf to use. We try desperately with Optimus to use any existing motors, any actuators, sensors, nothing worked for our humanoid robot, at any price. We had to design everything from physics first principles to work for a humanoid robot and with the most sophisticated hand that has ever been made before, by far. And Optimus will be able to like play the piano and be able to thread a needle. I mean this is the level of precision no one has been able to achieve. And so it's really something special. So, yeah, so -- and my prediction long term is that Optimus will be overwhelmingly the value of the company. Regarding energy, back to Earth. Mr. Elon, can you come back here for a minute? Okay, back to Earth. Energy storage is a big deal and will become, it's already super important, will become incredibly important in the future. And it is something that enables far greater energy output to the grid than is currently possible. Because the grid, the grids are -- the vast majority of the grid has no energy storage capability. So, they have to design the power plants to, for very high peaks and assuming that there's no energy storage. Once you have grid energy storage and home-based energy storage, the actual total energy output per year of the grid is dramatically greater than people think. Maybe it's at least double. This will drive the demand of stationary battery packs, and especially the grid scale ones, to insane, basically as much demand as we could possibly make. So, we have our second factory, which is in Shanghai, that's starting operation and we're building a third factory. So we're trying to ramp output of the stationary battery storage as quickly as possible. Now, there is a challenge here where we have to be careful to that we're not robbing from one pocket to take to another pocket because for a given gigawatt hours per year of the cell output, we have to say, does it go into stationary applications or mobile applications? It can't go both into both. So, we have to make that trade-off. Yeah. But overall, the demand for total gigawatt hours of batteries, whether mobile or stationary, that will grow in a very, very big way over time. So, in conclusion, 2025 really is a pivotal year for Tesla. And when we look back on 2025 and the launch of unsupervised Full Self Driving, true real-world AI that actually works, I think they may regard it as the biggest year in Tesla history, maybe even bigger than our first car, the Roadster or the Model S, so the Model 3 or Model Y. In fact, I think it probably will be viewed ‘25 as maybe the most important year in Tesla's history. There is no company in the world that is as good at real-world AI as Tesla. I don't even know who’s in second place. Like, you say like who's in second place for real-world AI. I would need a very big telescope to see them. That's how far behind they are. All right. |
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| 3 | Travis Axelrod | Great. Thank you very much, Elon. And, Vaibhav has some opening remarks as well. |
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| 4 | Vaibhav Taneja | Yeah, I'll talk about things on Earth. As Elon mentioned, in Q4, we set records in vehicle deliveries and energy storage deployments in an uncertain macro environment. We were able to grow auto and energy storage volumes both sequentially and on a year-on-year basis. For this, I would like to thank the efforts of everyone at Tesla to make this a reality and our customers who helped us achieve this feat. Coming into the fourth quarter, our focus was to reduce inventory levels in the automotive business and we accomplished that by ending the quarter with the lowest finished good inventory in the last two years. This was a result of offering not only attractive financing options but also other discounts and programs which impacted ASPs. While we saw volume growth in almost all regions that we operate in, we hit a new record for deliveries in the Greater China market. This is an encouraging trend since we grew volume in a highly competitive BEV market. On the automotive margin front, we saw a quarter-over-quarter decline primarily due to lower ASPs and due to the recognition of FSD related revenue in Q3 from feature releases. Our journey on cost reduction continues, and we were able to get our overall cost per car down below $35,000, primarily by material costs. This was despite increased depreciation and other costs as we prepare for the transition to the new Model Y for which we recently started taking orders in all markets. All our factories will start producing the new Model Y next month while we feel confident in our team’s abilities to ramp production quickly, know that it is an unprecedented change and we are not aware of anybody else taking the best-selling car on the planet and updating all factories at the same time. This changeover will result in several weeks of lost production in the quarter. As a result, margins will be impacted due to idle capacity and other ramp related costs, as is common in any launch, but will be overcome as production is ramped. We will be introducing several new products throughout 2025. We are still on track to launch a more affordable model in the first half of 2025 and will continue to expand our lineup from there. From a dollar-for-dollar basis, we believe we have the most compelling lineup today compared to the industry, and it will continue to get better from here. As always, all our products come with the best software in the industry, autonomy features and capable of full autonomy in the future. And despite the premium experience, the total cost of ownership is close to mass market, less premium competitors. Energy storage deployments reached an all-time high in Q4, and this -- and resulted in -- but declined sequentially. This was a result of higher -- sorry, growth came from Megapack and Powerwall. Both businesses continue to be supply constrained, and like Elon mentioned, we're trying to ramp up production with Megafactory Shanghai coming online this quarter onwards. While quarterly deployments will likely continue to fluctuate sequentially, we expect at least 50% growth in deployments year-over-year in 2025. Gross profit and margins in the service and other business was up year-over-year but declined sequentially. This was the result of higher service center costs and lower profit from used car business. The businesses within service and other primarily support our new car business, especially through their impact on total cost of ownership. Therefore, while we manage them to be positive on a GAAP basis, we do not expect similar margins as the rest of the business. There's a lot of uncertainty around tariffs. Over the years, we've tried to localize our supply chain in every market, but we are still very reliant on parts from across the world for all our businesses. Therefore, the imposition of tariffs, which is very likely, and any [Indiscernible] will have an impact on our business and profitability. Our operating expenses grew both year-over-year and sequentially. The biggest driver of the increase was R&D as we continue to invest in AI-related initiatives. The remaining increase came from growth in our sales capabilities and marketing efforts from referral program. For 2025, we expect operating expenses to increase to support our growth initiatives. It is important to point out that the net income in Q4 was impacted by a $600 million mark-to-market benefit from Bitcoin due to the adoption of a new accounting standard for digital assets, whereby we will change -- we will take mark-to-market adjustments through other income every reporting period going forward. Our free cash flow for the quarter was $2 billion, and despite CapEx increase of over $2.4 billion in 2024, we were able to generate free cash flow of $3.6 billion for the year. CapEx efficiency is something we are extremely focused on. While we have invested in AI-related initiatives, we have done so in a very targeted manner to utilize the spend to get immediate benefits. The build-out of Cortex was accelerated because of the role -- actually to accelerate the rollout of FSD Version 13. Accumulative AI-related CapEx, including infrastructure, so far has been approximately $5 billion. And for 2025, we expect our CapEx to be flat on a year-over-year basis. In conclusion, like Elon said, 2025 is going to be a pivotal year for Tesla. There are a lot of investments which we have made and will continue to make in this coming year, which will set the pace for the next phase of growth. And it is something which now I'm getting out of earth, it is going to be out of this world. And we just are putting the right foundation. And that's all I have. |
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| 5 | Travis Axelrod | Great. Thank you very much, Vaibhav. Now, we will move over to investor questions and we'll start with say.com. The first question is, is unsupervised FSD still planned to be released in Texas and California this year? What hurdles still exist to make that happen? You addressed the Texas piece, I think, already, so... |
| ... ... |
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| 75 | Vaibhav Taneja | So, is your question, Dan, that how do we marry our future growth aspects with FSD? |
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| 76 | Travis Axelrod | Go ahead and unmute yourself, Dan. |
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| 77 | Dan Levy | Yeah. More so just how much more aggressively you would be willing to sell your cars versus in light of your improvements on FSD. |
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| 78 | Elon Musk | Well, right now, the constraint we're trying to solve is battery production as opposed to demand. So, there are -- now Q1, we've got this massive factory retooling for the new Model Y, for example. That obviously has a short-term impact on output. But the problem we are seeing with, in fact, we're talking that the executive team and I were talking about just before this call was we've got to figure out how to increase total gigawatt hours of battery production this year one way or another. That's the constraint on our output. |
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| 79 | Travis Axelrod | Great. Alrighty. And with that, I think we are all done for today. So, thanks, everyone, so much for all your questions. We look forward to talking to you next quarter. Thank you very much, and goodbye. |
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Accessing Financial News
news = ticker.news()
news.print_pretty_table("b67526eb-581a-35b2-8357-b4f282fe876f")
>>> news.print_pretty_table("b67526eb-581a-35b2-8357-b4f282fe876f")
3 of the Cheapest Artificial Intelligence Stocks to Buy Right Now
╭──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────╮
│ Motley Fool / 2025-06-06 / STORY │
│ [AMD, BABA, GOOG] │
│ https://finance.yahoo.com/m/b67526eb-581a-35b2-8357-b4f282fe876f/3-of-the-cheapest-artificial.html │
│ │
│Key Points │
│ │
│The tech companies listed here are all investing heavily in artificial intelligence. │
│ │
│Their valuations are modest when factoring in their long-term growth opportunities. │
│ │
│10 stocks we like better than Alphabet › │
│ │
│Want to add some promising artificial intelligence (AI) stocks to your portfolio, without paying an obscene price? │
│While many stocks are trading at inflated valuations, there are still many good options out there to consider, which │
│can deliver strong returns for your portfolio. │
│ │
│Three AI stocks that possess a lot of upside and are among the cheapest options for growth investors to buy right now │
│are Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), Alibaba Group Holdings (NYSE: BABA), and Advanced Micro Devices (NASDAQ: │
│AMD). Here's why it may not be too late to invest in these stocks. │
│ │
│Alphabet │
│ │
│Shares of Alphabet are down around 11% this year as investors are concerned about antitrust issues and a possible │
│breakup of the business, or at the very least, changes to its core operations. But there's a lot to like about the │
│business. The company is planning to spend $75 billion on capital expenditures this year as it works on creating next-│
│generation technologies. │
│ │
│Alphabet's core business also still looks solid. Investors shouldn't forget that while ChatGPT has been around for │
│multiple years now, Alphabet's ad business still remains strong -- the popular chatbot hasn't made a big dent in the │
│company's earnings. During the first three months of this year, Alphabet's revenue totaled $90.2 billion, which came │
│in better than expectations and rose by 12% year over year. │
│ │
│Earlier this year, it announced plans to acquire cybersecurity company Wiz for $32 billion. It's a great asset to add │
│into the mix to enhance its growth prospects even further. Alphabet already has its own chatbot, Gemini, a robotaxi in│
│Waymo, plus its amazingly popular core assets -- YouTube and Google Search. With an abundance of growth potential, │
│Alphabet looks like a steal of a deal, trading at just 19 times its trailing earnings. │
│ │
│Alibaba Group Holdings │
│ │
│If you're looking for more of a discounted AI stock to buy, then Alibaba may be to your liking. At 15 times its │
│trailing earnings, its valuation is low and it compensates investors for the risk that comes with buying shares of │
│this Chinese company. │
│ │
│Alibaba recently released its latest AI model, Qwen3, which uses "hybrid reasoning" that can balance deep-thinking │
│tasks alongside more standardized questions where speed is important. Tech giant Apple has partnered with Alibaba and │
│is integrating the Chinese company's AI in its new iPhones, which is a great testament to the effectiveness and │
│potential for Alibaba's AI in the future. │
│ │
│During the first three months of the year, Alibaba says its AI-related product revenue grew by triple digits for a │
│seventh straight quarter. Although its total revenue grew by just 7% to $32.6 billion, Alibaba's vast business (which │
│includes online retail, cloud, and logistics) is why its AI revenue isn't standing out more. But there's potential for│
│it to be a huge growth catalyst for years to come. │
│ │
│Advanced Micro Devices │
│ │
│Investing in a top chipmaker is another good way to gain a position in AI. Advanced Micro Devices, also known as AMD, │
│is one of Nvidia's main rivals. │
│ │
│The stock doesn't look terribly cheap as it's trading at a price-to-earnings multiple of 80. But when you look at its │
│price/earnings-to-growth (PEG) multiple, which factors in how much growth analysts are expecting over the coming │
│years, that ratio is at less than 0.6. For growth investors, anything less than one is a good multiple for PEG, and │
│AMD is well below that level. │
│ │
│The company's business has been doing well recently with AMD's revenue rising by 36% for the period ending March 29, │
│totaling $7.4 billion. Its new AI chips are proving to be in high demand, and if the company can keep on this pace, │
│then there could be a lot of upside for AMD down the road. │
│ │
│CEO Lisa Su has previously forecast that its AI chip business could bring in tens of billions in potential revenue in │
│the future. And if those projections turn out true, then this could indeed become one of the best AI stocks to buy │
│right now. │
│ │
│Should you invest $1,000 in Alphabet right now? │
│ │
│Before you buy stock in Alphabet, consider this: │
│ │
│The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to │
│buy now… and Alphabet wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming │
│years. │
│ │
│Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our │
│recommendation, you’d have $668,538!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the│
│time of our recommendation, you’d have $869,841!* │
│ │
│Now, it’s worth noting Stock Advisor’s total average return is 789% — a market-crushing outperformance compared │
│to 172% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor. │
│ │
│See the 10 stocks » │
│ │
│*Stock Advisor returns as of June 2, 2025 │
│ │
│Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. David Jagielski has no │
│position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, │
│Alphabet, Apple, and Nvidia. The Motley Fool recommends Alibaba Group. The Motley Fool has a disclosure policy. │
│ │
│3 of the Cheapest Artificial Intelligence Stocks to Buy Right Now was originally published by The Motley Fool │
│ │
╰──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────╯
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