Live: Tesla Q4 Earnings Call 2025 (TSLA)

Tesla's Q4 2025 Q&A webcast, led by Elon Musk and Vaibhav Taneja, centers on the company's strategic shift towards an autonomous future and its financial implications. Musk announces an updated mission focused on "amazing abundance," driven by AI, robotics, and investments in batteries, solar, and AI chips. A key decision involves ending Model S and X production to convert the Fremont factory into an Optimus robot production line, targeting a million units annually. Taneja highlights strong energy sector growth but anticipates margin compression due to competition and tariffs. The discussion covers plans for CyberCab production starting in April, emphasizing its design for autonomous driving and high utilization, and addresses the necessity of building a TeraFab for chip production to mitigate supply chain risks.

Outlines

Part 1: Strategic Pivot, Mission Update

Part 2: Autonomous Driving, FSD Progress

Part 3: Energy, Infrastructure, Investment

Part 4: Scaling Challenges, Operational Focus

Part 5: Hardware, Chips, Geopolitics

Part 6: Global Competition, Risk Management

Part 7: Financial Analysis, Market Impact

Part 8: Future Outlook, Industry Licensing

Sign in to continue reading, translating and more.

Continue

Tesla Daily

Part 1: Strategic Pivot, Mission Update

00:00Tesla's Mission Update: Amazing Abundance Through AI, Robotics, and Safety

Tesla's Mission Update: Amazing Abundance Through AI, Robotics, and Safety

02:58Model S/X Production Ending; Fremont Factory to Produce Optimus Robots

Model S/X Production Ending; Fremont Factory to Produce Optimus Robots

Part 2: Autonomous Driving, FSD Progress

05:11Tesla's Autonomous Driving Progress: Robo-Taxi and FSD Expansion

Tesla's Autonomous Driving Progress: Robo-Taxi and FSD Expansion

09:14Optimus Robot Development: Unveiling Version 3 and Impact on U.S. GDP

Optimus Robot Development: Unveiling Version 3 and Impact on U.S. GDP

12:38Q4 2025 Results: Automotive Margins Improve, FSD Transition to Subscription Model

Q4 2025 Results: Automotive Margins Improve, FSD Transition to Subscription Model

Part 3: Energy, Infrastructure, Investment

15:26Energy Sector Growth and 2026 Investment Plans: MegaPak 3 and Factory Expansion

Energy Sector Growth and 2026 Investment Plans: MegaPak 3 and Factory Expansion

19:19Robotaxi Market and CyberCab Design: Optimizing Autonomous Transportation

Robotaxi Market and CyberCab Design: Optimizing Autonomous Transportation

22:31Future Models and Transportation as a Service: CyberCab's Market Potential

Future Models and Transportation as a Service: CyberCab's Market Potential

24:20CyberCab's Cost Optimization and High Duty Cycle: Designing for Autonomy

CyberCab's Cost Optimization and High Duty Cycle: Designing for Autonomy

Part 4: Scaling Challenges, Operational Focus

27:36Bottlenecks to Robotaxi Deployment: Scaling and Unsupervised FSD

Bottlenecks to Robotaxi Deployment: Scaling and Unsupervised FSD

29:34Cybertruck Architecture and Autonomous Cargo Delivery: Line Flexibility

Cybertruck Architecture and Autonomous Cargo Delivery: Line Flexibility

31:47Optimus Deployment and Factory Integration: R&D Phase and Headcount Increase

Optimus Deployment and Factory Integration: R&D Phase and Headcount Increase

33:50FSD Unsupervised and Safety: Cautious Rollout and Driver Monitoring

FSD Unsupervised and Safety: Cautious Rollout and Driver Monitoring

35:38Robotaxi Rollout and Infrastructure: Supporting Infrastructure in Place

Robotaxi Rollout and Infrastructure: Supporting Infrastructure in Place

Part 5: Hardware, Chips, Geopolitics

37:39Chip Design and TeraFab: Securing Chip Supply for Tesla's Growth

Chip Design and TeraFab: Securing Chip Supply for Tesla's Growth

41:17Geopolitical Risks and TeraFab: Ensuring Tesla's Prosperity

Geopolitical Risks and TeraFab: Ensuring Tesla's Prosperity

44:30CapEx Increase to $20 Billion: Funding Six Factories and AI Compute

CapEx Increase to $20 Billion: Funding Six Factories and AI Compute

47:49XAI Investment and Collaboration: Grok for Autonomous Fleet Management

XAI Investment and Collaboration: Grok for Autonomous Fleet Management

51:20Memory Constraints and AI Efficiency: Tesla's Intelligence Density

Memory Constraints and AI Efficiency: Tesla's Intelligence Density

Part 6: Global Competition, Risk Management

55:28Humanoid Robot Competition: China and Tesla's Competitive Advantages

Humanoid Robot Competition: China and Tesla's Competitive Advantages

58:16R&D Spend and Geopolitical Risk: Scaling Autonomous Vehicles and Robots

R&D Spend and Geopolitical Risk: Scaling Autonomous Vehicles and Robots

Part 7: Financial Analysis, Market Impact

1:01:46Earnings Call Key Points: Model S/X Discontinued and CapEx Increase

Earnings Call Key Points: Model S/X Discontinued and CapEx Increase

1:05:05CapEx Coverage and Return: Free Cash Flow and Efficient Spending

CapEx Coverage and Return: Free Cash Flow and Efficient Spending

1:08:43RoboTaxi and Optimus Updates: Unveiling Version 3 and Fleet Size

RoboTaxi and Optimus Updates: Unveiling Version 3 and Fleet Size

1:11:16FSD Unsupervised and Subscriptions: Value Unlock and Transportation as a Service

FSD Unsupervised and Subscriptions: Value Unlock and Transportation as a Service

Part 8: Future Outlook, Industry Licensing

1:14:24CyberCab Design and TeraFab: First Principles Thinking and Bottlenecks

CyberCab Design and TeraFab: First Principles Thinking and Bottlenecks

1:17:27Geopolitical Risk and Margin Strength: Slower Growth and Mix

Geopolitical Risk and Margin Strength: Slower Growth and Mix

1:20:13Financial Excitement and FSD Subscriptions: Stronger Revenue and Margins

Financial Excitement and FSD Subscriptions: Stronger Revenue and Margins

1:22:31FSD Subscriptions and Reasoning Capabilities: Take Rates and User Input

FSD Subscriptions and Reasoning Capabilities: Take Rates and User Input

1:25:37FSD Licensing and Automakers: Chicken and Egg and Commitment

FSD Licensing and Automakers: Chicken and Egg and Commitment

1:28:27Autopilot Ending and FSD Stack: Deprecation and Priorities

Autopilot Ending and FSD Stack: Deprecation and Priorities

1:30:37Earnings Report Wrap-Up: New Information and Future Development

Earnings Report Wrap-Up: New Information and Future Development