VT
Vaibhav Taneja
CFO, Tesla
3 answers
On the panel of
Answered
What drove the sequential improvement in automotive margin this quarter?
Three things, in order of impact: cost-downs on the 4680 ramp, freight normalization, and software mix. The margin floor everyone worried about is behind us — we said we'd manage through the pricing actions and the data now shows it.
1k likes · 4mo ago
Answered
Full-year deliveries came in light — what changes in 2026?
Two launches and a refreshed lineup hit their full run-rate in 2026, and we exit the year with meaningfully more capacity than demand required in 2025. We're planning for growth, not defending a number.
885 likes · 8mo ago
Answered
Where does the energy business gross margin settle long-term?
Energy is already the best-margin business at scale and we think high-20s is sustainable as Megapack mix grows. Storage demand is effectively unlimited at today's prices.
640 likes · 8mo ago