Slide 1: Q1 2026 Update
Q1 2026 Update 1 Exhibit 99.1
Slide 2: Contents
Highlights 03 Financial Summary 04 Operational Summary 05 Manufacturing & Hardware 06 Supporting Infrastructure 07 AI & Software 08 Services 09 Outlook 10 Photos & Charts 11 Key Metrics 21 Financial Statements 24 Additional Information 30 2
Slide 3: Summary Highlights
S U M M A R YH I G H L I G H T S (1) Excludes SBC (stock-based compensation) & Digital assets gains and losses, net of tax; (2) Free cash flow = operating cash flow less capex; (3) Includes cash, cash equivalents and short-term investments; (4)Active driver supervision required; does not make the ve
Slide 4: Financial Summary
F I N A N C I A L S U M M A R Y (Unaudited) ($ in millions, except percentages and per share data) Q1-2025 Q2-2025 Q3-2025 Q4-2025 Q1-2026 YoY Total automotive revenues 13,967 16,661 21,205 17,693 16,234 16% Energy generation and storage revenue 2,730 2,789 3,415 3,837 2,408 -12% Services and other
Slide 5: Operational Summary
Q1-2025 Q2-2025 Q3-2025 Q4-2025 Q1-2026 YoY Model 3/Y production 345,454 396,835 435,826 422,652 394,611 14% Other models production 17,161 13,409 11,624 11,706 13,775 -20% Total production 362,615 410,244 447,450 434,358 408,386 13% Model 3/Y deliveries 323,800 373,728 481,166 406,585 341,893 6% Ot
Slide 6: Manufacturing & Hardware
M A N U F A C T U R I N G & H A R D W A R E Installed Annual Manufacturing Capacity Region Product Capacity Status Automotive California Model 3 / Model Y >550,000 Production Shanghai Model 3 / Model Y >950,000 Production Berlin Model Y >375,000 Production Texas Model Y >250,000 Production Cybertruc
Slide 7: Supporting Infrastructure
S U P P O R T I N G I N F R A S T R U C T U R E Installed Annual Capacity Region Product Capacity Status AI Training Compute Texas Cortex 1 >100k H100e Production Cortex 2 >130k H100e Early Ramp Battery Manufacturing Nevada LFP 7 GWh Early Ramp Texas 4680 40 GWh Production Cathode Materials 10 GWh E
Slide 8: AI & Software
AI5 Tape Out A I & S O F T W A R E Cumulative Miles Driven with FSD (Supervised)1 (billions) AI Software Our latest version of FSD (Supervised)1, v14.3, launched in April. We upgraded the Reinforcement Learning stage of training to better handle “long-tail” edge cases, enhanced the neural network vi
Slide 9: Services
S E R V I C E S Announced Near-Term Planned Robotaxi Coverage Cumulative Paid Robotaxi Miles 9 State Metro Status California SF Bay Area Safety Driver3 Texas Austin Ramping Unsupervised Dallas Ramping Unsupervised Houston Ramping Unsupervised Arizona Phoenix Preparations Underway Florida Miami Prepa
Slide 10: Outlook
O U T L O O K Volume We are focused on maximum capacity utilization at our factories. Deliveries and deployments will be impacted by aggregate demand for our products, supply chain readiness and allocation decisions between sale to customers or use for our owned and operated fleet. Cash We will mana
Slide 11: Photos & Charts
P H O T O S & C H A R T S
Slide 12: Cortex – Building Construction at Giga Texas
C O R T E X 2 – B U I L D I N G C O N S T R U C T I O N A T G I G A F A C T O R Y T E X A S 12
Slide 13: Cortex – AI Training Cluster
C O R T E X 2 – A I T R A I N I N G C L U S T E R 13
Slide 14: Megafactory Texas – Body-in-White Line
M E G A F A C T O R Y T E X A S – B O D Y – I N – W H I T E L I N E 14
Slide 15: Tesla Semi – Production Line
T E S L A S E M I – P R O D U C T I O N L I N E 15
Slide 16: Optimus Factory Site Preparation
O P T I M U S F A C T O R Y S I T E P R E P A R A T I O N – G I G A F A C T O R Y T E X A S I N T H E B A C K G R O U N D 16
Slide 17: Research Fab – Groundbreaking
17 R E S E A R C H F A B – G R O U N D B R E A K I N G
Slide 18: LFP Factory – First Production Modules
18 L F P F A C T O R Y – F I R S T P R O D U C T I O N M O D U L E S
Slide 19: Cybercab Team – Start of Production
19 C Y B C E R C A B T E A M – S T A R T O F P R O D U C T I O N A T G I G A F A C T O R Y T E X A S
Slide 20: Cybercab Team – Start of Production
20 C Y B C E R C A B T E A M – S T A R T O F P R O D U C T I O N A T G I G A F A C T O R Y T E X A S
Slide 21: Key Metrics Quarterly
Vehicle Deliveries (millions of units) K E Y M E T R I C S Q U A R T E R L Y (Unaudited) Operating Cash Flow ($B) Free Cash Flow ($B) (1) Net Income ($B) (2) Adjusted EBITDA ($B) (2) (3) 21 (1) Beginning in Q1'25, Capital expenditures is presented inclusive of purchases of energy generation and stor
Slide 22: Key Metrics Trailing 12 Months
Operating Cash Flow ($B) Free Cash Flow ($B) (1) K E Y M E T R I C S T R A I L I N G 1 2 M O N T H S ( T T M ) (Unaudited) Net Income ($B) (2) Adjusted EBITDA ($B) (2) (3) Vehicle Deliveries (millions of units) 22 (1) Beginning in Q1'25, Capital expenditures is presented inclusive of purchases of en
Slide 23: Revenue and Profitability
Revenue Total quarterly revenue increased 16% YoY to $22.4B. YoY, revenue was impacted by the following items(1): + increase in vehicle deliveries + growth in Services and Other + positive FX impact of $0.9B1 + higher vehicle average selling price (ASP) (excl. FX impact1), inclusive of mix impact +
Slide 24: Financial Statements
F I N A N C I A L S T A T E M E N T S
Slide 25: Income Statement
In millions of USD or shares as applicable, except per share data Q1-2025 Q2-2025 Q3-2025 Q4-2025 Q1-2026 REVENUES Automotive sales 12,925 15,787 20,359 16,750 15,473 Automotive regulatory credits 595 439 417 542 380 Automotive leasing 447 435 429 401 381 Total automotive revenues 13,967 16,661 21,2
Slide 26: Balance Sheet
B A L A N C E S H E E T (Unaudited) In millions of USD` 31-Mar-25 30-Jun-25 30-Sep-25 31-Dec-25 31-Mar-26 ASSETS Current assets Cash, cash equivalents and short-term investments 36,996 36,782 41,647 44,059 44,743 Accounts receivable, net 3,782 3,838 4,703 4,576 3,959 Inventory 13,706 14,570 12,276 1
Slide 27: Cash Flow Statement
In millions of USD Q1-2025 Q2-2025 Q3-2025 Q4-2025 Q1-2026 CASH FLOWS FROM OPERATING ACTIVITIES Net income 420 1,190 1,389 856 491 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation, amortization and impairment 1,447 1,433 1,625 1,643 1,590 Stock-based com
Slide 28: Net Income and EPS Reconciliation
In millions of USD or shares as applicable, except per share data Q1-2025 Q2-2025 Q3-2025 Q4-2025 Q1-2026 Net income attributable to common stockholders (GAAP) 409 1,172 1,373 840 477 Stock-based compensation expense, net of tax 428 443 459 682 803 Digital assets loss (gain), net of tax 97 (222) (62
Slide 29: Reconciliation of GAAP to Non-GAAP Financial Information
R E C O N C I L I A T I O N O F G A A P T O N O N – G A A P F I N A N C I A L I N F O R M A T I O N (Unaudited) In millions of USD 2Q-2023 3Q-2023 4Q-2023 1Q-2024 2Q-2024 3Q-2024 4Q-2024 1Q-2025 2Q-2025 3Q-2025 4Q-2025 1Q-2026 Net cash provided by operating activities – TTM (GAAP) 13,956 12,164 13,2
Slide 30: Additional Information
A D D I T I O N A L I N F O R M A T I O N WEBCAST INFORMATION Tesla will provide a live webcast of its first quarter 2026 financial results conference call beginning at 4:30 p.m. CT on April 22, 2026 at ir.tesla.com. This webcast will also be available for replay for approximately one year thereafte
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