Tesla, Inc. (TSLA) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.437 Good afternoon, everyone, and welcome to Tesla's first quarter 2026 00:00:04.437 -- 00:00:09.644 Q&A webcast. My name is Travis Axelrod, Head of Investor Relations, and I'm joined 00:00:09.644 -- 00:00:15.011 today by Elon Musk, Vibhav Taneja, and a number of other executives. 00:00:15.011 -- 00:00:17.254 Our Q1 results were announced at about 3 p.m. 00:00:17.254 -- 00:00:22.180 Central Time in the update deck we published at the same link as this webcast. 00:00:22.180 -- 00:00:26.778 During this call, we will discuss our business outlook and make forward-looking statements. 00:00:26.778 -- 00:00:31.203 These comments are based on our predictions and expectations as of today. 00:00:31.203 -- 00:00:36.369 Actual events or results could differ materially due to a number of risks and uncertainties, 00:00:36.369 -- 00:00:40.174 including those mentioned in our most recent filings with the SEC. 00:00:40.174 -- 00:00:43.959 During the question and answer portion of today's call, please limit yourself to one 00:00:43.959 -- 00:00:49.986 question and one follow-up. Please use the raise hand button to join the question queue. 00:00:49.986 -- 00:00:53.310 Before we jump into Q&A, Elon has some opening remarks. 00:00:53.310 -- 00:00:54.111 Elon? 00:00:54.111 -- 00:00:56.271 Thank you. 00:00:57.305 -- 00:01:00.810 I think we've got a very exciting year ahead of us with 2026. 00:01:00.810 -- 00:01:05.153 We're going to be substantially increasing our 00:01:05.436 -- 00:01:09.983 investments in the future, so you should expect to see a 00:01:09.983 -- 00:01:15.230 very significant increase in capital expenditures, but I think well justified for 00:01:15.230 -- 00:01:19.355 a substantially increased future revenue stream. 00:01:19.355 -- 00:01:24...