Q1 2025 Update (shareholder deck)

Highlights Financial Summary Operational Summary Automotive Core Technology Energy & Services and Other Outlook Photos & Charts Key Metrics Financial Statements Additional Information

H I G H L I G H T S

S U M M A R Y

Profitability $0.4B GAAP operating income

$0.4B GAAP net income

$0.9B non-GAAP net income1

Cash Operating cash flow of $2.2B

$0.4B increase in our cash and investments3 to $37.0B

In Q1, we accomplished an industry first: simultaneously changing over production lines across all factories for the world’s best-selling vehicle4 – the Model Y. The Tesla team successfully ramped our production lines across four factories while managing supply chains across three continents without any major disruptions, demonstrating the advancement of our operational and supply chain management capabilities.

Operations New Model Y ramp outpacing all past ramps

Megafactory Shanghai produced >100 Megapacks

Model 3, Model Y and Cybertruck now drive autonomously from production line to outbound lots in Fremont and Gigafactory Texas

AI is a major pillar of growth for Tesla and the broader economy and key to our pursuit of sustainable abundance. Furthermore, AI infrastructure is driving rapid lo