SpaceX is considering a fundraising target in its IPO that would dwarf the previous largest ever debut
SpaceX is reportedly weighing a ballpark figure of ~$75 billion in its IPO - Bloomberg
The first fully autonomous delivery of a Tesla Model Y from factory to a customer home across town, including highways, was just completed a day ahead of schedule!!
Congratulations to the @Tesla_AI teams, both software & AI chip design!
Q1 2025 Shareholder Update → https://t.co/fvAaI97WoA
Highlights
– Changed over production lines of the world's best-selling vehicle across 4 factories simultaneously – an industry first
– It's also outpacing all past ramps (LFG)
– Model 3, Y & Cybertruck now drive autonomously from production line to outbound lots in Fremont & Giga Texas
Vehicle
US @tesla_na
– Giga Texas produced its 400,000th vehicle & launched @Cybertruck Long Range (starting at $63k after incentives)
– Giga Nevada achieved record battery pack production
– Model 3 & Y deliveries in the US are now made with 100% US built battery packs 🇺🇸🦅
– Both Semi & Cybercab lines remain on track for volume production next year
APAC @Tesla_Asia
– Launch of the new Model Y resulted in record orders for a single day in the APAC region (aka world's most competitive EV market)
– Also launched FSD Supervised in China 🇨🇳
EMEA @teslaeurope
– Giga Berlin built its 500,000th Model Y
– We plan to begin deliveries of Model 3, Model Y & @Cybertruck later this year in Saudi Arabia
– FSD Supervised launch in Europe still planned for this year, pending regulatory approval
AI/Hardware @tesla_AI
– Vision-only + end-to-end neural networks, trained on billions of examples of real-world data is still the winner for diverse geographies & use cases – as validated by the launch of FSD Supervised in China (achieved without access to country-specific training data!)
– Yes, Robotaxi is still on track for June in Austin
– Same for initial builds of Optimus on our Gen 1 line in 2025
Vehicle & Other Software
– Spring Update rolled out to the fleet, including Adaptive Headlights for US/Canada, B-Pillar recordings in Dashcam & Sentry Mode, Rear Cross Traffic Chime (alerting you of a crossing vehicle or pedestrian while reversing)
Battery, Powertrain & Manufacturing
– We also launched an IRA-compliant 4680 cell, making @Cybertruck eligible for the $7,500 consumer tax credit
– Our lithium & cathode production plants remain on track to start production this year
Tesla Energy @teslaenergy
– Megafactory Shanghai produced >100 Megapacks
– Energy storage deployments continued to grow on a trailing twelve-month (TTM) basis
– We expect volatility, but also anticipate expanding capacity for Megapack & Powerwall to drive continued growth
– Achieved record Powerwall deployments for the 4th quarter in a row, crossing 1GWh for the first time
Charging @TeslaCharging
– Delivered 1.4TWh to Tesla and non-Tesla customers across 42 million charging sessions, YoY growth of 26% & 27% respectively
Tesla deliveries are out and they’re very low, as expected. The media will say the sky is falling, but when you shut down 4 production lines globally to fully refresh your #1 selling model (which was also the world’s #1 selling vehicle last year), it takes time to ramp up. $TSLA