READ ALONGSIDE THE SOURCE

Tesla Q1 2026 Update — reading text

Part 4 of 8. These parts divide the reading text for browsing; they are not the source document's page numbers.

Machine-extracted text — TSLA-Q1-2026-Update.pdf

Machine-extracted OCR text · Review label: Machine produced / unreviewed

Compare this copy with the preserved source. Review labels describe the recorded status of this file; they do not guarantee that the text is error-free. Spacing and line breaks are retained, with long lines wrapped to fit the screen.

0 2 0.1 -1 1 -2 0.0 -3 0 2Q-2023 3Q-2023 4Q-2023 1Q-2024 2Q-2024 3Q-2024 4Q-2024 1Q-2025 2Q-2025 3Q-2025 4Q-2025 1Q-2026 2Q-2023 3Q-2023 4Q-2023 1Q-2024 2Q-2024 3Q-2024 4Q-2024 1Q-2025 2Q-2025 3Q-2025 4Q-2025 1Q-2026 2Q-2023 3Q-2023 4Q-2023 1Q-2024 2Q-2024 3Q-2024 4Q-2024 1Q-2025 2Q-2025 3Q-2025 4Q-2025 1Q-2026 Vehicle Deliveries Operating Cash Flow ($B) Net Income ($B) (2) (millions of units) Free Cash Flow ($B) (1) Adjusted EBITDA ($B) (2) (3) (1) Beginning in Q1'25, Capital expenditures is presented inclusive of purchases of energy generation and storage systems and all prior periods have been adjusted. (2) As a result of the adoption of the new crypto assets standard, the previously reported quarterly periods in 2024 have been recast. 21 (3) Beginning in Q1'25, Adjusted EBITDA (non-GAAP) is presented net of digital assets gains and losses and all prior periods have been adjusted. K E Y MET RICS TRAILING 12 MONTH S (TTM ) (Unaudited) 2.0 18 20 1.8 16 18 1.6 14 16 1.4 14 12 1.2 12 10 1.0 10 8 0.8 8 6 0.6

Download this text file with its original spacing ↓