RT Tesla
Q4 Shareholder Update →
http://ir.tesla.com— Highlights
2025 marked a critical year for Tesla as we further expanded our mission & continued our transition from a hardware-centric business to a physical AI company.
We also laid the foundation for the future of Tesla by further advancing FSD Supervised, launching our Robotaxi service, beginning to install production lines for Cybercab & fine-tuned our production-primed Optimus design while expanding our AI training infrastructure.
In 2026, we will further invest in the infrastructure needed to support clean energy + transport as well as autonomous robots.
This includes the ramp of 6 new production lines across vehicle, robots, energy storage & battery manufacturing.
We're building a world of amazing abundance. LFG!
Automotive
– APAC region continues to show strength across multiple markets & set a record for deliveries this quarter
– Preparations in North America continue for the production ramps of Tesla Semi & Cybercab, both commencing in the first half of 2026 & production of the next gen Roadster
Energy generation + storage
– Highest quarterly energy storage deployments, driven by record Megapack deployments
– Total gross profit = $1.1 billion, marking our 5th consecutive record quarter!
– Megapack 3 & Megablock production starting at Megafactory Houston this year
– In 2025, Powerwall network supported more than 89k Virtual Power Plant events across >1 million installed units, saving homeowners >$1 billion in electricity bills
Robotics
– Planning to unveil Optimus Gen 3 in Q1 this year, our first design meant for mass production
– Start of production planned by end of 2026, with eventual planned capacity of 1 million robots/year
AI Training Compute
– Currently building Cortex 2 at Giga Texas to further increase our AI training compute capacity
– In the first half of 2026, we're planning to more than double the size of onsite compute in Texas (in terms of H100 equivalents)
Battery
– Our lithium refinery started pilot production. It is the first spodumene to lithium hydroxide refinery in North America, with a simpler, cheaper & more environmentally friendly process
– Started producing battery packs for certain Model Ys with our 4680 cells, unlocking an additional vector of supply
– We now produce dry electrode for 4680 cells with both anode + cathode made in Austin
– We expect both domestic cathode material in Austin & LFP lines in Nevada to begin production this year
AI Software
– Shipped latest version of FSD Supervised (V14), which will drive you to your destination, find a free spot & park
AI Inference Compute
– Development of our in-house, custom designed AI5 & AI6 inference chips for autonomy progressed during Q4, with production planned for 2027 & 2028 respectively
– Targeting a 50x improvement for AI5 compared to AI4, thanks to 10x raw compute, 9x memory capacity & 5x hardened block quantization & softmax function (= enabling efficient low precision computing without sacrificing model accuracy)
Automotive + Other Software
– Robotaxi app no longer has a waitlist in the areas we serve
– Our vehicles keep getting better with over-the-air software updates: Grok w/ navigation commands, Photobooth, Supercharger Site Maps, Automatic HOV Routing, & more
Robotaxi
– Began testing driverless Robotaxis in Austin in December & began removing safety monitor from customer rides in January
– Our Bay Area ridehailing service now serves SJC, with plans to expand to other Bay Area airports upon receiving required permitting
– Cumulative paid Robotaxi miles have now exceeded 600k
FSD Supervised
– Launched in Korea, where customers drove >1 million kilometers in just one month
– We continue to pursue regulatory approval in China & Europe
– FSD Supervised subscriptions more than doubled in 2025
