TSLA -2.47% in AHs now - comments from Gene Munster: 1. TSLA most important number is FSD subs grew 56% vs. 51% March. That growth should ac

TSLA -2.47% in AHs now - comments from Gene Munster: 1. TSLA most important number is FSD subs grew 56% vs. 51% March. That growth should accelerate in September because of the huge delivery beat in June. In the investor deck they report “with over 55% of new deliveries including FSD subscriptions”. I assume they are talking about paid subs, not the free one month trail that comes with new Tesla's. If that’s the case that attach rates are 55% in the US, that is higher my estimate of sub 10% attach rates late in 2024. This underscores how much FSD has improved. I believe about 20% of global Tesla’s with Hardware 3 now subscribe to FSD. That number likely goes to 85% long term. 2. TSLA down 3% because of the miss on Auto margins ex credits. It came in at 16.3% vs. Street at 18.5% and 19.2% in March. I expected it to be 19%. Basically says there was discounting or a spike in cost of goods. Both are directionally negative. We will get more on the call.