Tesla’s (NASDAQ:TSLA) first-quarter earnings call comes at a pivotal point for the electric car maker. Following a record-setting Q4 2018 that saw new highs for production and deliveries, Q1 2018 saw a drop in the company’s vehicle production and deliveries. Since then, the stock has been weighed down as reservations emerged about the company’s capability to sustain its profitability, which it attained in the third and fourth quarter of 2018.
Tesla announced a net loss of $702 million for the first quarter, translating to a loss of $4.10 per share. The company also listed $4.5 billion in revenue, which is below Wall Street expectations.
For today’s earnings call, Elon Musk and Tesla’s executives are expected to address questions surrounding the company’s financial standing and its capability to pursue its ongoing projects such as Gigafactory 3 in China and the Tesla Pickup Truck, among others. Questions from retail investors aggregated by investor communication firm Say are also expected to be included in the Q&A session.
The following are live updates from Tesla’s Q1 2019 earnings call. Fellow Teslarati reporter Dacia Ferris and I will be updating this article in real-time, so please keep refreshing the page to view the latest updates on this story.
Simon 15:35 PT: And that’s a wrap. Thanks for joining us on this Live Blog of Tesla’s Q1 2019 earnings call, everyone! Check out our coverage of Tesla’s Q1 2019 Update Letter here too, for more details on the electric car maker’s performance in the first quarter.
Dacia 15:32 PT: Thanks everyone! Let’s decide on a new soundtrack to rev up while waiting for next earnings call, shall we? I went down the 90s rock YouTube hole today. Open for better ideas. #justsaying
Simon 15:30 PT: Gigafactory 3 will likely be a huge piece in the Tesla puzzle. Elon Musk notes that by the end of the year, Tesla is aiming for a production rate of around 1,000 Model 3 per week, or maybe even 2,000 per week. “We expect multiple battery suppliers for Shanghai Giga,” Musk said, responding to a question about battery partners for the upcoming facility.
Dacia 15:30 PT: Elon says he gets daily photos of the Gigafactory 3 progress in Shanghai. “It looks like we’ll reach volume production by the end of this year…that’s what it looks like right now. If it’s not then, it will be shortly thereafter.”
Dacia 15:29 PT: “Our goal is the make our cars as affordable as possible,” Elon responds to a question about the logic of the pricing changes during the quarter. “The $39,500 Model 3 just really hit the sweet spot,” he says, referring to sales of the $35,000 Model 3.
Dacia 15:26 PT: “The upgraded powertrain for the S,X was at a significant cost down,” Elon says about the recent refresh. They took parts from the Model 3 that were highly efficient.
Dacia 15:25 PT: A Battery Investor Day in the future? “I think we’ll have another autonomy day later this year to go over cell and battery development in greater detail,” Elon says in response to a question on future chemistry and form factor changes in batteries.
Dacia 15:24 PT: Adding on Tesla Model Y reservations. “People read too much into this…we aren’t playing up the Model Y because it isn’t in production. You can’t read too much into it,” Elon notes as he responds to longtime TSLA bear David Tamberrino from Goldman Sachs.
Simon 15:24 PT: On Model Y reservations. “We’re not playing up Model Y because it is not in production,” Elon Musk says. “We don’t comment on future price changes,” he adds.
Dacia 15:22 PT: “Sales to a country overseas are affected by when the ship arrives,” Elon explains, citing that delays make it seem like something is wrong, when its just the ship schedule. GDP fluctuations resulting from ship deliveries are not accurate measures, he reiterates.
Dacia 15:20 PT: “We will continue to ADD stores in locations that are no brainers and close them…where the foot traffic doesn’t fall below the cost of having the store,” Elon admits and explains. People misunderstood “all sales online” to mean “all stores are closing.” I’ll admit, I thought that, too at first.
Simon 15:19 PT: On Tesla store closures. “I think Tesla is specifically didn’t handle the messaging of that well. We certainly will continue to have stores, and we will continue to add stores, provided that they are in locations with high foot traffic, and in areas with people with our target market. We will close stores where they are incredibly hard to find, and where foot traffic of potential customers is low. I think it’s just common sense,” Musk said.
Dacia 16:15 PT: “Tesla today is a far more efficiently operating organization than we were a year ago,” Elon doubles down on not needing additional capital. He says technically they did raise some capital for Gigafactory 3 in Shanghai.
Dacia 15:14 PT: “I don’t think raising capital should be a substitute for making the company work more effectively…we should be frugal with capital…. We need to be on a Spartan diet… It’s not the right time to raise capital,” Elon says on whether Tesla would be better served by better cash flow with raised capital. “I don’t think capital has been a constraint on our growth so far…I would have raised capital if I thought so,” he adds.
Dacia 15:10 PT: “There really do seem to be different market segments,” Elon says in response to a question about Model 3 cannibalizing Model S and X. Owners really just want to replace the car they have, not buy M3 over Model S,X, he concludes.
Dacia 15:08 PT: “I would prefer we were private,” Elon admits. He cites Warren Buffett, saying having a public company is like having someone stand outside your home and shout its price/value every day. He nonetheless admits that he does not have a solution for the issues that come from public company pressures.
Dacia 15:05 PT: On Full Self-Driving safety, Tesla will keep reporting their findings and numbers at “a broad brushstroke level”…”We do give some information to insurance companies to reduce rates,” Elon says, meaning FSD safety data to lower auto insurance rates for Tesla owners.
Dacia 15:03 PT: “We think it is important to unwind this wave [of deliveries] because it ends up being optimizing for one quarter but adding a lot of difficulty and not a great experience for customers,” Elon says. “We did adjust our pricing in Q1 which puts pressure on our margin,” Kirkhorn adds. Once all the unwinding is done, they feel confident profitability will return in Q3.
Simon 15:03 PT: Tesla appears to have absorbed the blows in the first quarter to ensure that the following quarters will be smoother. A return to 100k/year for Model S and Model X appears to be in the future.
Dacia 15:01 PT: On questions about weak demand in US — Elon sees demand returning to normal in the near future. “I don’t have a crystal ball…my impression is demand is quite solid,” he says. Retooling decreased production in Q1…ramping back up in Q2. “We will exit Q2 in higher production than Q1 on the S,X,” Kirkhorn chimes in.
Dacia 14:58 PT: “I’m a fan of tents, like real, hardcore tents. Not Boy Scout tents (which are fine),” Elon says, referring to adding space for Model Y production at Fremont. He’s confident they’ll find the space for it (not necessarily confirming it will made in tents).
Dacia 15:56 PT: “The SR+ Model 3… is just an incredibly compelling vehicle,” Elon touts. The upgraded S,X — it’s kind of a game changer. We are out of the Q1 winter hangup for new car sales (people don’t like buying cars in winter), all positive factors for the future, he says. “Overall, I feel pretty good about where things are headed.”
Dacia 15:54 PT: On Model Y production: Model Y production location being decided soon, per Elon. Close call between Nevada or Fremont. Decision in next few weeks.
Simon 14:54 PT: On the Tesla Semi, Elon Musk and Jerome Guillen note that the prototypes of the all-electric long-hauler are performing great. Production will likely be on Reno, NV. “The prototypes are working amazingly well,” says Elon.
Dacia 15:53 PT: How soon will owners get the new FSD upgrade? Elon said there’s no need for it for 2-3 months. Features will then be released that will have use for the FSD.
Simon 14:51 PT: Some questions from retail shareholders are addressed. The company notes that it is just waiting for the necessary approvals from the SEC with its Maxwell acquisition. On Tesla’s own insurance program, Elon says yes, the company will be rolling out one, hopefully in a month. “It will be much more compelling than anything out there,” Elon Musk said.
Dacia 15:45 PT: Model 3 growth margin declined slightly – pricing adjustment and product offering mixup both part of that decline, per Kirkhorn. Our product lineup has a good deal of excitement.
Simon 14:44 PT: The CFO notes that in spite of the launch of the Standard Range Model 3, a significant portion of Model 3 orders in the United States still correspond to the Long Range versions of the vehicle.
Dacia 15:43 PT: “The global expansion of Model 3 was a huge theme within the quarter,” Zachary Kirkhorn, Tesla’s new CFO begins his comments. Two key themes he cites: On the cash front $2.2 billion ending balance, reduction from payment of convertible note which was investment into service and systems; Q1 challenges aren’t expected to continue, and cash balance will increase.
Simon 14:41 PT: Zachary Kirkhorn, Tesla’s new CFO takes the floor. He describes how the first quarter of 2019 was a complex time for Tesla’s finances. Tesla is tracking in April the largest amount of deliveries in the company’s history.
Dacia 15:40 PT: – Elon now touts the Model S, X upgrades that were just released last night, highlights the free Ludicrous Mode upgrade for loyal customers. Motor Trend test drove the enhanced Model S from SF to LA on one charge – Elon compares it to a gas powered car, citing Model S’s superiority.
Simon 14:38 PT: Elon emphasizes that Model 3 international ramp is only beginning. He also mentions the improvements for the Model S and X, which include adaptive suspension, better range, and better charging speeds.
Dacia 15:38 PT: “We believe over time, we will be the best selling premium car in the world…In March we set a record for the highest car sales, period,” Elon says. He sounds positive, despite the report. Cites people paying more for a Model 3 than they’ve ever paid for another car because they **want** one.
Dacia 14:33 PT: “We believe we’ll have the most profitable autonomous taxi on the market,” Elon Musk says. Half of all deliveries occurred during the final 10 days of Q1, “which was an insane undertaking, basically,” he adds.
Simon 14:34 PT: Elon Musk takes the floor. Elon discusses Tesla’s Autonomy Day and reviews the points outlined during the event. Elon also discussed “good challenges” in Q1, particularly in terms of Model 3 deliveries in Europe and China. Highlights that half of Q1’s deliveries happened in the final 10 days of Q1 2019.
Simon 14:31 PT: And we are starting. No Elon Time today. Tesla Senior Director, Investor Relations Mr. Martin Viecha takes the floor.
Simon 14:30 PT: Welcome to our live blog for Tesla’s Q1 2019 earnings call. The electric car maker posted a loss of $702 million in Q1, which missed Wall Street estimates. It will be interesting to see how Elon Musk and Tesla’s other executives address these updates in the upcoming Q&A session.
Dacia 14:30 PT: Well, it’s said in some circles that when Tesla releases an earnings report late…it’s not gonna be happy news. Theory holds up today, but profitability is expected in Q3. We’ll see what Elon decides come then.
Elon Musk
Tesla Q1 Earnings: What Elon Musk and Co. will answer during the call
Tesla (NASDAQ: TSLA) is set to hold its Earnings Call for the first quarter of 2026 on Wednesday, and there are a lot of interesting things that are swirling around in terms of speculation from investors.
With the company’s executives, including CEO Elon Musk, answering a handful of questions that investors submit through the Say platform, fans want to know a lot of things about a lot of things.
These five questions come from Retail Investors, who are normal, everyday shareholders:
- When will we have the Optimus v3 reveal? When will Optimus production start, since we ended the Model S and Model X production earlier than mid-year? What’s the expected Optimus production rate exiting this year? What are the initial targeted skills?
- What milestones are you targeting for unsupervised FSD and Robotaxi expansion beyond Austin this year, and how will that drive recurring revenue?
- How will Hardware 3 cars reach Unsupervised Full Self-Driving?
- When do you expect Unsupervised Full Self-Driving to reach customer cars?
- When will Robotaxi expand past its current limited rollout?
Additionally, these are currently the three questions that are slated to be answered by Institutional Firms, which also answer a handful of questions during the call:
- Now that FSD has been approved in the Netherlands and is expected to launch across Europe this summer, can you discuss your Robotaxi strategy for the region?
- What enabled you to finish the AI5 tapeout early and were there any changes to the original vision? Last week, Elon said AI5 will go into Optimus and the Supercomputer, but one month ago said it would go into the Robotaxi. Has AI5 been dropped from the vehicle roadmap?
- Given the recent NHTSA incident filings, can you update us on the Robotaxi safety data? If safety validation remains the primary bottleneck, why not deploy thousands of vehicles to accelerate the removal of the safety driver?
The questions range through every current Tesla project, including FSD expansion and Optimus. However, many of the answers we will get will likely be repetitive answers we’ve heard in the past.
This is especially pertinent when the questions about when Unsupervised FSD will reach customer cars: we know Musk will say that it will happen this year. Is Tesla capable of that? Maybe. But a more transparent answer that is more revealing of a true timeline would be appreciated.
Hardware 3 owners are anxiously awaiting the arrival of FSD v14 Lite, which was promised to them last year for a release sometime this year.
The Earnings Call is set to take place on Wednesday at market close.
Elon Musk
Tesla FSD in Europe vs. US: It’s not what you think
Tesla FSD is approved in the Netherlands, but the European version differs from what US drivers use.
On April 10, 2026, the Dutch vehicle authority RDW granted Tesla the first European type approval for Full Self-Driving Supervised, making the Netherlands the first country on the continent to authorize Tesla’s semi-autonomous system for customer use on public roads.
As Teslarati reported, the RDW approval followed 18 months of testing, more than 1.6 million kilometers driven on EU roads, 13,000 customer ride-alongs, and documentation covering over 400 compliance requirements. Tesla Europe had been running public demo drives through cities like Amsterdam and Eindhoven since early 2026, giving passengers their first experience of the system on European streets.
The European version of FSD is not the same software US drivers use. The RDW’s own statement is direct, noting that the software versions and functionalities in the US and Europe “are therefore not comparable one-to-one.” We’ve compile a table below that captures the most significant differences between US-based Tesla FSD vs. European Tesla FSD that’s based on what regulators and Tesla have publicly confirmed.
| Feature | FSD US | FSD Europe (Netherlands) |
| Regulatory framework | Self-certification, post-market oversight | Pre-market type approval required (UN R-171 + Article 39) |
| Hands requirement | Hands-off permitted on highway | Hands must be available to take over immediately |
| Auto turning from stop lights | Available — navigates intersections, turns, and traffic signals autonomously | Available in EU build — confirmed in Amsterdam demo footage handling unprotected turns and signalized intersections |
| Driving modes | Multiple profiles including a more aggressive “Mad Max” mode | EU build is more conservative by default and errs on the side of restraint when it cannot confirm the limit |
| Summon | Available — Smart Summon navigates parking lots to driver | Status unclear — not confirmed as part of the RDW-approved feature set; urban FSD approval targeted separately for 2027 |
| Driver monitoring | Camera-based eye tracking | Stricter continuous monitoring with more frequent intervention alerts |
| Software version | FSD v14.3 | EU-specific builds that must be separately validated by RDW |
| Geographic restriction | US, Canada, China, Mexico, Australia, NZ, South Korea | Netherlands only; EU-wide vote pending summer 2026 |
| Subscription price | $99/month | €99/month |
| Full urban FSD scope | Available | Partial — separate urban application planned for 2027 |
The approval comes as Tesla is under real pressure to grow FSD subscriptions globally. Musk’s 2025 CEO compensation package, approved by shareholders, includes a milestone requiring 10 million active FSD subscriptions as one condition for his stock awards to vest. Tesla hit one million subscriptions during its Q4 2025 earnings call, which is a meaningful start, but still a long way from the target. Opening Europe as a market for subscriptions, rather than just hardware sales, directly accelerates that number.
Tesla has said it anticipates EU-wide recognition of the Dutch approval during summer 2026, which would extend FSD access to Germany, France, and other major markets through a mutual recognition process without each country repeating the full 18-month review. That timeline is Tesla’s projection, not a confirmed regulatory outcome. As Musk acknowledged at Davos in January 2026, “We hope to get Supervised Full Self-Driving approval in Europe, hopefully next month.”
Elon Musk
Tesla Supercharger for Business exposes jaw-dropping ROI gap between best and worst locations
Tesla’s new Supercharger for Business calculator reveals an eye-opening all-in cost and location-based ROI projections.
Tesla has launched an online calculator for its Supercharger for Business program, giving property owners their first transparent look at what it really costs to install Superchargers on site and what kind of return they can expect.
The program itself launched in September 2025, allowing businesses to purchase and operate Supercharger hardware on their own property while Tesla handles installation, maintenance, software, and 24/7 driver support. As Teslarati reported at launch, hosts also get their logo placed on the chargers and their location integrated into Tesla’s in-car navigation, meaning drivers are actively routed there. The stalls are open to all EVs, not just Teslas.
We launched Supercharger for Business in 2025 to help companies get charging right. We found simplicity and transparency to be a problem in this industry.
We’re now sharing pricing and a financial calculator to help make informed decisions. The goal is to accelerate investments,…
— Tesla Charging (@TeslaCharging) April 8, 2026
The new online calculator, announced by Tesla on Wednesday with the note that “simplicity and transparency” have been a problem in the industry, lets any business enter a U.S. address and get a real cost and revenue model. A standard 8-stall V4 Supercharger site runs approximately $500,000 in hardware and $55,000 per post for installation, bringing an all-in price just shy of $1 million. Tesla charges a flat $0.10 per kWh fee to cover software, billing, and network operations. Businesses set their own retail price and keep the margin above that fee.
Taking a look at Tesla’s Supercharger for Business online calculator, we can see that ROI is not uniform, and the gap between a strong location and a poor one can stretch the breakeven point by several years.
The biggest driver is foot traffic and how long people stay. A busy rest station, hotel, or outlet mall brings in repeat visitors who need to charge while they’re already stopped, pushing utilization numbers higher and shortening payback time.
Local electricity rates matter just as much on the cost side. Markets like California carry some of the highest commercial electricity rates in the country, which eats into the margin between what a host pays per kWh and what they charge drivers. At the same time, dense urban areas with high EV adoption tend to support higher retail charging prices, which can offset that cost if demand is strong enough. Weather also plays a role. Cold climates reduce battery efficiency and increase charging frequency, but they can also suppress utilization in winter months if drivers avoid stopping in exposed outdoor locations. Suburban and rural sites face a different problem: lower baseline EV traffic, which means a site with cheaper power and lower operating costs can still take longer to pay back simply because the stalls sit idle more often. Tesla’s calculator uses real fleet data to pre-fill utilization estimates by ZIP code, so businesses can run their specific address against these variables rather than relying on averages.
The program has seen real adoption. Wawa, already the largest host of Tesla Superchargers with over 2,100 stalls across 223 locations, opened its first fully owned and branded site in Alachua, Florida earlier this year. Francis Energy of Oklahoma and the city of Alpharetta, Georgia have also deployed branded stations through the program, as Teslarati covered in January.
Tesla now exceeds 80,000 Supercharger stalls worldwide, and the calculator makes the economic case for accelerating that number through private investment rather than company-owned sites alone.
