🧵Tesla Q1 Earnings Call - Nugget #1: Government Work: Elon Musk considers most government-related work to stabilize and organize completed.

🧵Tesla Q1 Earnings Call - Nugget #2: Continued Involvement: Plans to dedicate 1-2 days per week to government matters as long as needed or useful, as per the president's request.

🧵Tesla Q1 Earnings Call - Nugget #3: Shift in Focus: Starting next month, Musk will allocate significant time to Tesla.

🧵Tesla Q1 Earnings Call - Nugget #4: Tesla’s Future: Emphasizes scaling autonomous cars and robots at low cost, aiming to make Tesla the world’s most valuable company through excellent execution.

🧵Tesla Q1 Earnings Call - Nugget #5: Autonomy Timeline: Expects material impact from autonomy around mid-2026, with autonomous rides starting in Austin in June 2025.

🧵Tesla Q1 Earnings Call - Nugget #6: Ongoing Commitment: Will continue monitoring to ensure stability and prevent setbacks.

🧵Tesla Q1 Earnings Call - Nugget #7: Autonomy Timeline: Significant progress in autonomous vehicles expected around mid-2026.

🧵Tesla Q1 Earnings Call - Nugget #8: Supply Chain Strategy: Tesla aims to localize supply chains on the continent where cars are built to optimize costs and logistics. Tariff Resilience: Tesla is the least affected car company by tariffs due to its localized supply chain in

🧵Tesla Q1 Earnings Call - Nugget #9: Government Influence: Musk will advise the U.S. President on decisions, such as tariffs, but the final call rests with the President. Advocacy for EVs: Continues to support electric vehicles as beneficial for prosperity but acknowledges

🧵Tesla Q1 Earnings Call - Nugget #10: Excitement for Austin: Enthusiastic about autonomous taxi services (e.g., robotic taxis) starting in Austin, potentially with a model like the S3.

🧵Tesla Q1 Earnings Call - Nugget #11: Autonomous Scaling: Achieving full autonomy with no driver in one city enables rapid expansion to other jurisdictions allowing autonomous operations.

🧵Tesla Q1 Earnings Call - Nugget #12: Generalized Autonomy: Tesla’s AI-based, generalized autonomy solution works across cities, unlike specific solutions, pending regulatory approval. Global Applicability: If autonomy succeeds in a few U.S. cities, it can be applied anywhere in

🧵Tesla Q1 Earnings Call - Nugget #13: Cost Efficiency: Generalized AI avoids reliance on expensive sensors and high-precision maps, adapting to changing environments.

🧵Tesla Q1 Earnings Call - Nugget #14: Optimus Production: Tesla aims to produce millions of Optimus robots annually, targeting factories operational by end of 2025. Optimus Timeline: Expects to reach 20 million Optimus units per year by 2029, surpassing any product’s historical

🧵Tesla Q1 Earnings Call - Nugget #15: Energy Output: Optimus designed to operate 24/7 with significant energy efficiency, producing more energy output than input.

🧵Tesla Q1 Earnings Call - Nugget #16: Battery Charging: Tesla’s battery packs can be charged during the day, maximizing energy efficiency at scale.

🧵Tesla Q1 Earnings Call - Nugget #17: Market Shift: Consumers are less interested in buying cars, pushing Tesla toward new models and solutions.

🧵Tesla Q1 Earnings Call - Nugget #18: Model Production: New version of Tesla’s model in production, described as the best on Earth, with 1.1 billion units targeted.

🧵Tesla Q1 Earnings Call - Nugget #19: Industry Differentiation: Tesla’s vertical integration sets it apart from competitors in the automotive industry.

🧵Tesla Q1 Earnings Call - Nugget #20: Company Vision: Focused on delivering sustainable abundance through affordable AI and sustainable technologies. Future Outlook: Aims for an ideal, sustainable, and happy future driven by Tesla’s innovations.

🧵Tesla Q1 Earnings Call - Nugget #21: Critical Path Risks: Identifying high-risk items for RoboTaxi development is key to achieving full autonomy. Autonomous Timeline: Tesla is on track for autonomous operations in Austin by June 2025, with a wrap-up by year-end. Scaling

🧵Tesla Q1 Earnings Call - Nugget #22: Localized Challenges: Autonomous driving must adapt to extreme conditions (e.g., blizzards in Manhattan vs. clear weather in California), requiring localized testing centers for different regions.

🧵Tesla Q1 Earnings Call - Nugget #23: Human-Like AI: Tesla’s autonomy mimics human drivers, using camera-based systems and neural networks, inheriting similar strengths and weaknesses.

🧵Tesla Q1 Earnings Call - Nugget #24: Generalized Approach: Tesla’s AI-driven, generalized autonomy model requires minimal region-specific data, proven effective by successful deployment in China with diverse driving styles.

🧵Tesla Q1 Earnings Call - Nugget #25: Superior Solution: Musk believes Tesla’s generalized approach outperforms rule-based or map-reliant solutions, scaling better and validated by user-posted videos. Tesla’s model uses a mixture of specialized parameters for specific tasks

🧵Tesla Q1 Earnings Call - Nugget #26: Validation Challenges: Rare edge cases in self-driving (e.g., critical interventions) are hard to encounter in real-world testing, like in Austin with Q3 vehicles, where days pass without interventions.

🧵Tesla Q1 Earnings Call - Nugget #27: Sophisticated Simulations: Tesla is developing advanced simulations, including neural network generation, to test and measure safety without relying solely on extensive real-world driving.

🧵Tesla Q1 Earnings Call - Nugget #28: Safety Focus: Ensuring a safe autonomous product is critical, with ongoing efforts to validate improvements despite the difficulty of encountering rare scenarios.

🧵Tesla Q1 Earnings Call - Nugget #29: Model Y Production: Model Y production is occurring in Austin, with the facility being three times larger than initially planned. FSD Supervised for Personal Use: Full Self-Driving (FSD) supervised mode for personally owned cars in the U.S.

🧵Tesla Q1 Earnings Call - Nugget #30: Cautious Approach: Tesla is cautious about FSD deployment, avoiding rushed rollouts to ensure dependability.

🧵Tesla Q1 Earnings Call - Nugget #31: Sleeping in Cars: Feature allowing users to sleep in autonomous Tesla vehicles is expected to be available by the end of 2025.

$250 LADS and Lassies

🧵Tesla Q1 Earnings Call - Nugget #32: Production Timeline: Tesla is on track to start production this year, though slightly slower than initially planned due to industry turmoil, with no major blockers.

🧵Tesla Q1 Earnings Call - Nugget #33: New Models: New models focus on equalization, flexibility within existing production lines, and low-cost ownership to differentiate through affordable monthly payments.

🧵Tesla Q1 Earnings Call - Nugget #34: RoboTaxi Strategy: Tesla’s RoboTaxi is poised to lead the market, especially in Austin, with competitive pricing and regulatory flexibility.

🧵Tesla Q1 Earnings Call - Nugget #35: Competitive Edge: Tesla’s high-volume, camera-based approach is cost-effective compared to expensive, low-volume competitors like Waymo, despite their advanced AI.

🧵Tesla Q1 Earnings Call - Nugget #36: Market Dominance: Musk believes no competitor will match Tesla’s autonomous vehicle capabilities by next year. Regulatory Outlook: Expects favorable regulatory conditions for autonomous cars on the road by mid-2026.

🧵Tesla Q1 Earnings Call - Nugget #40: Autonomous Lead: Tesla has a significant lead in autonomy, with a software update enabling autonomous driving in Austin by June 2025.

🧵Tesla Q1 Earnings Call - Nugget #41: Factory-to-Customer Autonomy: All Tesla cars are built fully autonomous, capable of driving from the factory end-line to customer delivery, with first models expected to do so by end of 2025 from Austin and Fremont factories.

🧵Tesla Q1 Earnings Call - Nugget #42 : Customer Benefit: Buyers can purchase vehicles today that are autonomy-ready straight from the factory.

🧵Tesla Q1 Earnings Call - Nugget #43 : Unboxed Method Update: The unboxed manufacturing process is a revolutionary, low-cost, highly automated system, fundamentally reimagining car production.

🧵Tesla Q1 Earnings Call - Nugget #44 : Manufacturing Innovations: Focus on precision in large-scale assembly, corrosion-resistant aluminum structures, and simplified components to enhance safety and efficiency. Progress and Testing: Tesla is refining the unboxed process, with a

🧵Tesla Q1 Earnings Call - Nugget #45 : We are ridiculously vertically integrated.

🧵Tesla Q1 Earnings Call - Nugget #46 : "millions of Teslas operating autonomously in 2nd half of 2026" - that's way more than I modeled! I have only 350,000 in the fleet by the end of 2026.

🧵Tesla Q1 Earnings Call - Nugget #47 : Not constrained on Battery Supply on Vehicles.

🧵Tesla Q1 Earnings Call - Nugget #48 : Order inflow rate - despite negative articles still best selling car in CA and record # of test drives. Great interest in vehicles. Tesla not immune to macro demand for cars.

🧵Tesla Q1 Earnings Call - Nugget #49 : Re Optimus Pilot Line what is Prodn Rate - still test dev. Magnets in arm are constrained by China right now. China needs export license for rare earth magnets. Not to be used for military purposes.

🧵Tesla Q1 Earnings Call - Nugget #50 : Bitcoin Accounting Impact: A $97 million loss from Bitcoin valuation negatively affected GAAP earnings but was excluded from non-GAAP figures, contributing to the gap between GAAP (12 cents) and non-GAAP (27 cents) EPS.

🧵Tesla Q1 Earnings Call - Nugget #51 : Pierre Q: Future driving a car that is not EV or Autonomous will be like riding a horse with a flip phone.

🧵Tesla Q1 Earnings Call - Nugget #52 : FSD what needs to happen? Interventions Focus on Austin not Boston! Now intervention every 10K miles… need a lot of Data. New Austin Version will have Audio Input. Will there be remote operators? Yes for rare cases. See if for yourself in

🧵Tesla Q1 Earnings Call - Nugget #53 : Very Fast Ramp for Optimus. What will supply chain look like? Will localize. How many Cybercabs at launch? 10 or 20 cars on Day 1 and scale rapidly after that. End of June order a Drive.

🧵Tesla Q1 Earnings Call - Nugget #54 : FSD Pricing. Could there be a new tiered pricing approach? Will relax Nags in the near future. $99 wil be best money you will ever spend. Geographic expansion - working on India. 70% Tariff and 30% Luxury Tax is 100% more costly. Need to

🧵Tesla Q1 Earnings Call - Nugget #55 : Colin Langan… FSD sunglare fog and dust. Elon said it does not blind the camera. Do direct photon counting and bypass image processor and also see at blackest of nite and in Fog.

🧵Tesla Q1 Earnings Call - Nugget #56 : Colin Langan… affordability using existing lines and form factors.

🧵Tesla Q1 Earnings Call - Nugget #57 : Adam Jonas - Drones, China makes all drones, USA cannot make their own Drones. This is an issue. USA needs to build more.