Q1 2026 Update (shareholder deck)

Highlights Financial Summary Operational Summary Manufacturing & Hardware Supporting Infrastructure AI & Software Services 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 $0.9B GAAP operating income

$0.5B GAAP net income

$1.5B non-GAAP net income1

Cash Operating cash flow of $3.9B

Free cash flow2 of $1.4B

$0.7B increase in our cash and investments3

We continued to make meaningful progress on the build out of the infrastructure and AI software that underpins our Robotaxi and future robotics businesses in Q1. We commenced ramp of additional AI compute, new factories across battery and battery materials, and further prepared lines for start of production of Megapack 3, Cybercab and the Tesla Semi. We saw continued growth in demand for our vehicles in markets in APAC and South America, while also seeing a rebound of demand in both EMEA and North America.

We are making the necessary investments that will ensure our access to key materials and componentry in each region across vehicle, energy and AI as trade and geopolitics become more uncertain. In recent months, we have announced further regionalization and