Tesla has an earnings call today. Gross profit was over $5.0 billion versus consensus at $4.15 billion. Tesla is trading up 2-3% in after hours on the earnings deck.
3 pages out of 11 pages of the meat of the Tesla deck are now AI, robotaxi, FSD pages. 1 page of summary, 4 pages of financials and operational numbers. Really 3 out of 4 pages highlighting what the company is really doing. only one is regular automotive and manufacturing and those pages have robotics too on one page and ai training compute leads the support infrastructure. The quarterly deck finally reflects Tesla as more than a car company. Forcing analysts to analyze Tesla that way
Robotaxi and FSD are in the quarterly deck.
Q4 Shareholder Update → https://t.co/rd0ILdq7Hj
— 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… pic.twitter.com/UqYYoCFkIR
— Tesla (@Tesla) January 28, 2026
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.
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
There was a mislabeling on AI4.5. There is no AI 4.5. It was a bad label.
Meta was up about 6% on good earnings numbers.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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