Tesla's Major Developments in 2024: A Month-by-Month Recap

By Leozhang
calendar_today   Jan 5, 2025

Tesla's journey through 2024 has been dynamic, with groundbreaking achievements and challenges in the electric vehicle industry. This timeline summarizes the company's key milestones, sourced from major U.S. news platforms.

January 2024: Sales Growth Concerns

   Tesla warned that its vehicle sales growth could slow as it prepared to launch a new, affordable vehicle platform. (TechCrunch)

February 2024: Autopilot Investigation Closure

   The National Highway Traffic Safety Administration (NHTSA) concluded its investigation into Tesla's Autopilot system, finding user misuse but no defects. (Wiki)

March 2024: FSD Beta Rebranding

   Tesla rebranded its Full Self-Driving (FSD) Beta to "Full Self-Driving (Supervised)," highlighting the need for driver supervision.

April 2024: Workforce Reduction

   Tesla announced over 10% global workforce reductions as part of cost-cutting measures

May 2024: FSD Subscription Retention Issues

   Analysts reported that only 2% of trial users retained their FSD subscriptions, signaling adoption challenges.

June 2024: Texas Incorporation Shift

   Tesla shifted its incorporation from Delaware to Texas following a shareholder vote.

July 2024: Q2 Financial Performance

   Tesla reported a billion-dollar revenue beat in its Q2 financial results.

August 2024: FSD Package Update

   Tesla renamed its FSD package to "Full Self-Driving (Supervised)" and updated its description. 

September 2024: China Delivery Surge

   Tesla's stock surged on increased deliveries in China, boosting Q3 outlook.

October 2024: Cybercab Unveiling

Tesla revealed the Cybercab, an autonomous vehicle priced under $30,000.(WSJ).

November 2024: FSD 13.2 Rollout

   Tesla released version 13.2 of its FSD software, improving its neural network system.(Wikipedia).

December 2024: Holiday Software Update

   Tesla's holiday update added an Apple Watch app and enhanced vehicle control features. (The Verge).

Conclusion

   2024 has been a transformative year for Tesla, balancing innovation with operational challenges. The upcoming years promise further advancements in EV technology and autonomous driving capabilities.