Tesla Q1 2026 Update — reading text

Storage deployed (GWh) 10.4 9.6 12.5 14.2 8.8 -15% Supercharger stations 7,131 7,377 7,753 8,182 8,463 19% Supercharger connectors 67,316 70,228 73,817 77,682 79,918 19% (1) In accordance with our 2025 CEO Performance Award, metric includes all new Tesla vehicles delivered to customers plus any unsupervised Robotaxis placed into commercial operation. For further detail see our 2025 Proxy Statement. (2) In accordance with our 2025 CEO Performance Award, metric includes both up-front payment and monthly subscriptions and excludes free trials. For further detail see our 2025 Proxy Statement. (3) Beginning in Q4’25, end of quarter operating lease count pertains only to new vehicles. Q3’25 has been adjusted to exclude used vehicles. 5 (4) Days of supply is calculated by dividing new vehicle ending inventory by the relevant quarter’s deliveries and using 75 trading days (aligned with Automotive News definition).  MANUFACTURING & HARDWARE Installed Annual Manufacturing Capacity Automotive Region Product Capacity Status We are focused on optimizing our vehicle product portfolio, with an emphasis on vehicles Automotive designed for a fully autonomous future. We continued the launch of Model 3 and Model Y trims California Model 3 / Model Y >550,000 Production globally, including the roll-out of the Model YL in markets outside of China and more affordable trims of both models. We also began deliveries of Cybertruck in the UAE. Shanghai Model 3 / Model Y >950,000 Production Berlin Model Y >375,000 Production We expect volume production of both Cybercab and the Tesla Semi this year. Texas Model Y >250,000 Production Cybertruck >125,000 Production Energy generation and storage Cybercab - Pilot Production Progress continued at the new Megafactory outside Houston, which will produce the Megapack 3 for Megablock. Start of production is on track for later this year. We began meaningful Nevada Tesla Semi - Pilot Production customer deployments of Tesla’s first in-house designed solar panel produced at Gigafactory TBD Roadster - Design development New York. The new panel has 18 individual power zones – 3x more than a conventional Energy Generation and Storage residential panel – enabling it to reliably produce more energy in shady conditions. Other California Megapack 40 GWh Production innovations include improved aesthetics and faster and simpler installation. Nevada Powerwall >6 GWh Production Robotics Shanghai Megapack 20 GWh Production Preparations for our first large-scale Optimus factory will begin shortly in Q2. The first- Texas Megapack - Construction generation line, designed for 1 million robots a year, will replace the Model S and Model X lines Robotics in Fremont. We are also preparing Gigafactory Texas for the second-generation line, which is California Optimus - Construction being designed for long-term annual production capacity of 10 million robots. Texas Optimus - Construction Installed capacity ≠ current production rate and there may be limitations discovered as production rates approach capacity. Production rates depend on a variety of factors, including equipment uptime, component supply, downtime related to factory upgrades, regulatory considerations and other factors. Construction includes factory and infrastructure buildout as well as tool installation. 6  SUPPO RTING INFRASTRUC TURE Installed Annual Capacity AI Training Compute Region Product Capacity Status Cortex 2 is now online and has started running training workloads. We continue to ramp our AI Training Compute onsite training infrastructure to ensure sufficient compute resources for the development of our Texas Cortex 1 >100k H100e Production AI products and services. We are also continuing our custom silicon development with Dojo 3 in an effort to reduce the cost of training over time. Cortex 2 >130k H100e Early Ramp Battery Manufacturing Battery Nevada LFP 7 GWh Early Ramp Ramp has begun across our new battery and material factories, including LFP cells in Nevada, Texas 4680 40 GWh Production cathode material and lithium refining in Texas. Battery pack capacity continues to be the limiting Cathode Materials 10 GWh Early Ramp factor on ramping our vehicle production, and the team is actively working on initiatives to increase capacity. Lithium Refining 30 GWh Early Ramp Installed capacity ≠ current production rate and there may be limitations discovered as production rates approach capacity. Production rates depend on a variety of factors, including equipment uptime, component supply, Other Supporting Infrastructure downtime related to factory upgrades, regulatory considerations and other factors. Early ramp capacity includes expected capacity. Gigafactory New York is now producing V4 Supercharging cabinets, which boast 3x the power density and 2x the number of stalls per cabinet compared to V3. Alongside the ramp of Tesla 300,000 Existing Capacity Future Planned Capacity Semi, we are deploying public Megachargers, including our first one in Southern California. 250,000 While we aim to leverage as much of our existing investments as possible, we continue to build 200,000 out our supporting infrastructure for our vehicle and mobility businesses, including Robotaxi 150,000 expansion, across established and growth markets around the world. In Q1, we added over 2,200 net new Supercharging stalls, growing the network 19% year-over-year. This year we look 100,000 to increase our presence in Japan by doubling our service centers and expanding our 50,000 Supercharger coverage in the world's third largest vehicle market. 0 7 Tesla AI Training Capacity Ramp (H100 equivalent GPUs)  AI & SOFTWARE AI Software 10.0 FSD Miles on V12 and Beyond FSD Miles on V11 and Before 9.0 Our latest version of FSD (Supervised) 1, v14.3, launched in April. We upgraded