Fabian Lenge

[Tesla @Tesla]

Q1 2026 Shareholder Update

https://t.co/dOjSLhd10p

We continued to make meaningful progress on the build out of the infrastructure & AI software that underpins our Robotaxi & future robotics businesses in Q1.

That meant commencing the ramp of new factories across AI compute, battery & battery materials, as well as preparing lines for start of production of Megapack 3, Cybercab & Tesla Semi.

Demand for our vehicles continued to grow in APAC & South America markets, with a rebound of demand in EMEA markets & North America.

As trade and geopolitics become more uncertain, we're further regionalizing and vertically integrating critical supply chains to ensure access to key materials & componentry in each region across vehicle, energy & AI.

Automotive
– Optimizing our vehicle product portfolio with an emphasis on vehicles designed for a fully autonomous future

– More affordable trims of Model 3/Y & rollout of Model Y L in markets outside of China

– Began deliveries of Cybertruck in the UAE

– Volume production of Cybercab & Tesla Semi this year

Energy Generation & Storage
– Good progress with new Megafactory outside Houston (will produce Megapack 3 for Megablock). Start of production on track for later this year

– We began meaningful customer deployments of Tesla’s first in-house designed solar panel produced at Giga New York

Robotics
– Preparations for our first large-scale Optimus factory will begin shortly in Q2.

First-gen line designed for 1M robots/year will replace Model S/X lines in Fremont Factory, second-gen line is being prepared at Giga Texas (long-term annual capacity of 10M robots/year)

AI Training Compute
– Cortex 2 is now online & has started running training workloads

– Also ramping on-site training infrastructure to ensure sufficient compute resources for AI products & services

– Continuing with custom silicon development (Dojo 3) to reduce training cost over time

Battery
– Ramping new battery & material factories, including LFP cells in Nevada, cathode material & lithium refining in Texas

– Battery vendor cell availability continues to be a limiting factor on ramping vehicle production, so we're working on initiatives to de-bottleneck, including using 4680 cells at Giga Berlin

Other Supporting Infrastructure
– Giga New York is now producing V4 Supercharging cabinets (3x power density & 2x the number of stalls vs V3)

– Alongside the ramp of Tesla Semi, we're deploying public Megachargers, including our first one in SoCal

– Over 2,200 new Supercharger stalls, growing the network 19% YoY

AI Software
– FSD 14.3 launched in April

– Upgraded Reinforcement Learning (RL) stage to better handle long-tail edge cases, enhanced the neural network vision encoder for sharper perception in low-vis scenarios & rewrote the AI compiler to accelerate model iterations & cut inference latency by 20% (faster reaction time for FSD!)

This accelerates our efforts to eventually deploy unsupervised autonomy to both the Robotaxi fleet & customer owned vehicles

– Digital Optimus: our next evolution of AI development. We're working on automating digital workloads, building an intelligence layer that will complement real-world AI in vehicles & robots

AI Inference Compute
– Expanding our scope of manufacturing to include semiconductor fabrication (coinciding with Robotaxi & Optimus ramps) = step towards ensuring sufficient & resilient chip supply

– Partnership with SpaceX aims to build the largest chip fab ever, vertically integrating logic, memory & advanced packaging to allow for rapid iteration

– Completed final chip design of AI5 (our next-gen inference processor) in April

Automotive & Other Software
– Rolled out Spring Update which includes a new Self-Driving app with tutorials & stats, "Hey Grok" wake word w/ location-based reminders, accent lights for blind spot alerts, updated Pet Mode & more

Robotaxi
– Paid Robotaxi miles doubled sequentially in Q1

– Cybercab will begin replacing Model Y fleet once in production & be the largest volume vehicle in the fleet over time

– Continuing to lay the groundwork for expanding into new cities (testing, permitting), so we can launch quickly once ready. Safety remains top priority

– Expanded unsupervised ops in Austin & launched in Dallas & Houston in April

FSD Supervised
– Record net new FSD subscriptions in Q1

��� Received approval to deploy FSD Supervised in the Netherlands in April, clearing the path for potential approval in other EU countries

– Continuing to make progress on approval in China

Automotive Services
– Safety Score v3.0 enables every mile driven with FSD Supervised engaged to receive a score of 100. Higher Safety Score over time = lower premiums for Tesla Insurance customers

[Brandon Beylo @marketplunger1]

How many paper straws do we need to use to offset these emissions?

[André Thierig @AndrThie]

BREAKING! 🚨

IG Metall did not succeed in Giga Berlin‘s works council election earlier today. The union share was reduced from nearly 40% in 2024 to 31% in 2026!

This is a clear message by theGiga Berlin team towards an independent co-determination!

The list called Giga United, led by the current chairwoman Michaela Schmitz, received most votes with more than 40%!

Good news for Giga Berlin!

[Sawyer Merritt @SawyerMerritt]

NEWS: German union IG Metall has officially failed to win a majority vote in @Tesla's German works council election, which means "Giga Berlin remains free to accelerate the future."

[Tesla @Tesla]

First Cybercab off the production line at Giga Texas

[SpaceX @SpaceX]

SpaceX has acquired xAI, forming one of the most ambitious, vertically integrated innovation engines on (and off) Earth → https://t.co/3ODfcYnqfg

[Palmer Luckey @PalmerLuckey]

.@Jason said 10+ times that he only knew Epstein in the 90s. He was actually helping Epstein through the 2000s and 2010s, even after the child sex trafficking conviction.

Man starts VR company, donates to Trump: "Total moron, no moral compass!"

Man rapes children: "hey pal!"

[Elon Musk @elonmusk]

Small minority

[Sully @SullyOmarr]

so let me get this right:

Oracle says Openai committed $300B for cloud compute → oracle stock jumps 36% (best day since 1992)

Oracle runs on Nvidia GPUs → has to buy billions in chips from Nvidia

Nvidia just announced they're investing $100B into openai

Openai uses that money to... pay oracle... who pays Nvidia... who invests in Openai

[Fabian Lenge @FabiLenge]

@stevewilldoit Btc

[Fabian Lenge @FabiLenge]

@Mrcryptoxwhale DONE

[Palmer Luckey @PalmerLuckey]

It is wild to see people who disagree with Elon's politics advocate to instead purchase cars from BYD, a Chinese company that just had a factory site shut down for slavery.

[Elon Musk @elonmusk]

@unusual_whales 😂

[The Associated Press @AP]

BREAKING: The FDA authorizes Zyn nicotine pouches, citing their potential to help adult smokers cut back or quit. https://t.co/JkK2JPqC40

[Disclose.tv @disclosetv]

JUST IN - Zuckerberg orders the removal of tampons from the men's bathrooms at Meta's offices — NYT

[MrBeast @MrBeast]

BEAST GAME EPISODE 3 IS OUT NOW!

To celebrate, I'm giving away $100,000 total to 10 random people who like and retweet this post!

Go watch it here: https://t.co/Yntf9E7FTN

[Donald J. Trump @realDonaldTrump]

I am thrilled to announce Robert F. Kennedy Jr. as The United States Secretary of Health and Human Services (HHS). For too long, Americans have been crushed by the industrial food complex and drug companies who have engaged in deception, misinformation, and disinformation when it comes to Public Health. The Safety and Health of all Americans is the most important role of any Administration, and HHS will play a big role in helping ensure that everybody will be protected from harmful chemicals, pollutants, pesticides, pharmaceutical products, and food additives that have contributed to the overwhelming Health Crisis in this Country. Mr. Kennedy will restore these Agencies to the traditions of Gold Standard Scientific Research, and beacons of Transparency, to end the Chronic Disease epidemic, and to Make America Great and Healthy Again!

[Jaguar Right Paw @EDIBLU]

After I get home from work and ask my Tesla robot if it took the meat out the freezer

[@levelsio @levelsio]

🇪🇺 eu/acc

A few weeks ago Mario Draghi asked my recommendations for his report that came out today about European competitiveness

I had a call with him and summarized my problems with doing business in the EU

I wrote this which is included in the report presented to the European Union today:

1. Minimum revenue cut offs for current and new regulation
Exempt small businesses with annual revenues below €10 million from complex regulations like VATMOSS, GDPR, the EU AI Act, and certain labor laws. This approach encourages innovation and growth by allowing startups to focus on product development and market validation without the heavy burden of regulatory compliance. Once these businesses surpass €10 million, they will have the resources to comply with regulations, ensuring that growth is not stifled.

2. Simplify starting a pan-EU business with an EU-wide Incorporation (Inc.) business form
Currently, starting and operating a business across the EU is complex due to 27 member states, each with its own company registration requirements. To streamline this process and make it easier for entrepreneurs to operate across Europe, there should be a single, standardized business entity that applies uniformly across all EU countries. I call this the European Inc.

3. Start an EU business fully online, no physical offices, notaries, lawyers etc
To continue, right now starting a business in most EU member states it’s complicated, very time and resource intensive, and often involves lawyers and notaries. Instead, it should be as simple as going online to a centralized EU website, where entrepreneurs can register their business and details in just a few clicks. The entire process should be streamlined and efficient, allowing businesses to start operating immediately.

The EU government taxes and bookkeeping of this business should also be fully online in an EU portal/dashboard.

4. 0% corporate tax for first 3 years of any new business
Countries like Singapore have successfully attracted new businesses from around the world by giving them a massive tax discount during the first 3 years of business. Because they know that’s the most difficult time of a business: figuring out what product it makes and if there’s a market for it. That takes pressure off startups and business founders that they can focus on creating a great product and innovating.

5. Change tax on stock options: don't tax when a stock option is exercised, but tax it when the stock is sold
The current tax policy in the EU taxes stock options at the time they are exercised, creating a significant financial burden on employees who have not yet realized any tangible financial gain. This approach stifles innovation, discourages entrepreneurship, and places the EU at a competitive disadvantage compared to other regions like the United States.

I propose a simple change: Tax stock options when the stock is sold, not when the option is exercised.

6. Don’t see tech or AI as an enemy, but as a burgeoning and essential industry
The most popular companies in tech are focused on AI right now for a reason. It’s the next frontier of computing. The European Union seems to consider AI the enemy. Any technology can be used for good or bad. By regulating it even before Europe has made much contributions (Europe has almost no tech companies leading in AI), it has stifled any potential innovation in AI from the start.

Apart from the regulation itself, the optics of it make the EU look bad on a global scale. Why would tech founders move to Europe to start a business if the EU is actively positioning itself as Anti-AI?

AI has gigantic potential to be used for good: think of the medical field for diagnosis of diseases, generally in programming (it helps programmers to create software faster/better), etc.

This goes further than AI. The same applies to tech in general. It seems the EU is on a crusade against technology while not being able to compete in it itself. It feels a case of sour grapes: if we can’t build great technology in EU, nobody is allowed to do so!

7. Teach tech/coding/AI topics in all schools and unis
It would help a lot if the EU has a focus on teaching AI and tech in schools and universities. Making the new generation competitive in this field instead. To secure the future prosperity of the European Union, we must prioritize education in technology, coding, and AI across all levels of schooling, from primary education to universities. This strategic focus is not just an educational reform—it’s a critical investment in the future competitiveness, innovation, and economic resilience of the EU.