Exhibit 23.4

               CONSENT OF ERNST & YOUNG LLP, INDEPENDANT AUDITORS


We consent to the references to our firm under the caption "Experts" and to the
use of our reports dated October 2, 2002 with respect to ATEL Capital Equipment
Fund X, LLC, and dated September 13, 2002 with respect to ATEL Financial
Services LLC, and subsidiary in the Registration Statement
(Form S-1 No. 333-100452) and related Prospectus of ATEL Capital Equipment Fund
X, LLC for the registration of 15,000,000 limited liability company units.

                                               /s/ Ernst & Young LLP

San Francisco, California
December 10, 2002