Tesla expects a slight increase in annual deliveries for 2024, with energy deployment doubling. The company will focus on expanding its product line, such as the planned launch of a more affordable model in the first half of 2025, which is progressing smoothly. The Cybertruck has become the third best-selling electric vehicle in the U.S. in Q3, and the Model 3/Y will also introduce new versions and color options. In the energy business, energy gross margin increased by 596 basis points quarter-over-quarter, Powerwall deployments set consecutive records, Megapack production was substantial, and the Shanghai Gigafactory is expected to begin shipments in Q1 2025. In summary, Tesla's market share is stabilizing, and the push for FSD penetration has significantly improved product gross margins. Indeed, selling software is the key to boosting automotive gross margins.