Overview
- Tesla said energy storage deployments reached 14.2 GWh in Q4 and 46.7 GWh for 2025, with Q4 energy revenue at $3.37 billion and segment gross margin at 29.8%.
- CFO Vaibhav Taneja forecast margin compression in 2026 due to lower-cost rivals, policy uncertainty and tariffs, even as deployments are expected to rise with Megapack 3 and the 20 MWh Megablock.
- Elon Musk confirmed Tesla will retire the Model S and Model X to repurpose factory space, with more than $20 billion of 2026 capex directed to Cybercab, Optimus, Semi, Megafactories, cell and refining capacity, and AI compute.
- Tesla reported 1.1 million paying Full Self‑Driving subscribers and said roughly 500 robotaxis operate in Austin and the Bay Area, with plans to add seven more operating areas in 2026.
- The company said initial 7 GWh LFP cell capacity in Nevada and a new Texas lithium refinery are in early ramp, moves aimed at strengthening domestic supply for its storage business.