Tesla Q1 2026 Financial Results and Q&A Webcast

Tesla's Q1 2026 webcast focuses on a significant increase in capital expenditures to support future growth in core technologies, including AI, battery production, and the Optimus humanoid robot. The company plans to ramp up production of the Cybercab and Semi truck, despite initial manufacturing challenges associated with new supply chains. A major strategic shift emphasizes Full Self-Driving (FSD) as the primary product, with vehicles serving as the delivery mechanism. While hardware 3 lacks the necessary capacity for unsupervised FSD, the company is developing upgrade paths to hardware 4 to enable broader robotaxi deployment. Additionally, the "TerraFab" project aims to secure long-term semiconductor supply through a partnership with Intel and SpaceX, ensuring the necessary compute power for future AI initiatives. Despite near-term negative free cash flow, the company remains committed to these ambitious investments to secure a dominant position in the next era of autonomous transportation and robotics.