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• Record Q2 vehicle deliveries of 480,126 units, up 25% year-over-year, with record deliveries in several markets including South Korea, Australia, and Japan.
• Energy storage deployments reached 13.5 GWh in Q2, the second-best quarter ever, with record deployments on a trailing twelve-month basis.
• Cybercab production began at Gigafactory Texas, and Tesla Semi remains on track for production this year in Nevada.
• Free cash flow was negative $1.1 billion in Q2, with cash and investments decreasing by $1.2 billion to $43.5 billion.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Tesla produced over 450,000 vehicles and delivered over 480,000 vehicles in Q2 2026.
• Other models production was 8,822 units and deliveries were 12,364 units.
• Energy storage deployments totaled 13.5 GWh in Q2 2026.
• Full Q2 2026 financial results will be announced after market close on July 22, 2026, with a webcast at 4:30 p.m. CT.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• GAAP net income was $0.5 billion; non-GAAP net income was $1.5 billion.
• GAAP operating income was $0.9 billion, with operating margin of 4.2%.
• Free cash flow was $1.4 billion; cash and investments rose to $44.7 billion.
• Unsupervised Robotaxi rides launched in Dallas and Houston in April; FSD (Supervised) approved in Netherlands.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Q1 2026 deliveries totaled 358,023 vehicles (341,893 Model 3/Y; 16,130 other models).
• Energy storage deployments were 8.8 GWh in Q1 2026.
• Full Q1 financial results will be announced after market close on April 22, 2026, with a webcast at 4:30 p.m. CT.
• Net income and cash flow results will be disclosed with Q1 earnings, not in this release.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Q4 GAAP net income attributable to common stockholders was $0.8 billion, down 61% YoY; full-year GAAP net income was $3.8 billion, down 46%.
• Q4 GAAP diluted EPS was $0.24, down 60% YoY; full-year GAAP diluted EPS was $1.08, down 47%.
• Q4 total gross margin was 20.1%, up 386 basis points YoY; full-year gross margin was 18.0%.
• Q4 free cash flow was $1.4 billion, down 30% YoY; full-year free cash flow was $6.2 billion, up 74%.
• Q4 vehicle deliveries were 418,227, down 16% YoY; full-year deliveries were 1,636,129, down 9%.
• Q4 energy storage deployments were a record 14.2 GWh, up 29% YoY; full-year deployments were 46.7 GWh, up 49%.
• Cash and investments rose to $44.1 billion at year-end, up 21% YoY.
• Company plans to start production of Cybercab and Tesla Semi in 1H26, and Optimus Gen 3 production before end of 2026.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Model 3/Y deliveries were 406,585; other models (Model S/X) deliveries were 11,642 in Q4.
• Full-year 2025 deliveries reached 1,636,129 vehicles, with production of 1,654,667.
• Energy storage deployments hit a record 14.2 GWh in Q4, bringing 2025 total to 46.7 GWh.
• Tesla will report Q4 2025 financial results after market close on January 28, 2026, with a webcast at 4:30 p.m. CT.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• On November 6, 2025, Tesla shareholders approved the 2025 CEO Performance Award granted to Elon Musk on September 3, 2025.
• Ira Ehrenpreis, Joe Gebbia, and Kathleen Wilson-Thompson were elected as Class III directors for three-year terms.
• Shareholders approved, on a non-binding advisory basis, executive compensation and ratified PricewaterhouseCoopers LLP as independent auditor for fiscal year 2025.
• A shareholder proposal to elect directors annually was approved, while proposals to eliminate supermajority voting requirements and to authorize an investment in x.AI Corp. were not approved.
• The 2025 CEO Performance Award is a performance-based restricted stock award, with material terms described in the proxy statement filed September 17, 2025.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits

• Total revenue reached $28.1B in Q3 2025, up 12% year-over-year, with record vehicle deliveries and record energy storage deployments.
• Operating income was $1.6B, down 40% YoY, with operating margin of 5.8%.
• Free cash flow was a record nearly $4.0B, and cash and investments rose to $41.6B.
• Outlook: Cybercab, Tesla Semi, and Megapack 3 on schedule for volume production starting in 2026.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits