Tesla Q3 2026 Earnings Call: here's the full Grok Bot summary 1. People want more Teslas than Tesla can build - Elon kicked off the call with it: "Demand is growing rapidly for our vehicles. It's exceeding our production by a significant margin" - The car backlog is now the highest in four years - FSD is the biggest reason people are buying: "there's really no competitor for FSD in any car that you can buy" - FSD approval across the EU is a few months away, by Q1 at the latest - Tesla is on track to build about 5 million vehicles a year by around 2030 2. Robotaxi: "It looks like a rocket going to orbit" - The Cybercab fleet in Austin is already about 10x bigger than at launch roughly a month ago - Dallas gets Cybercab next month, and Austin is getting flooded with them: "swarm Austin with Cybercabs everywhere" - Rides will soon run until 2am, and fully 24/7 by the end of the year - Robotaxi becomes a real revenue line in 2027, turning into "a big deal" by Q3 or Q4 - Wherever Tesla is allowed to operate freely, it will end up doing "a majority of all passenger miles on Earth" - The path to a cost of just $0.30 per mile is clear, far cheaper than a human-driven ride 3. Cybercab production - Every Cybercab built right now goes straight into Tesla's own ride fleet, with sales to customers targeted by the end of 2026 - Most Cybercabs will stay Tesla-owned, so you just ride one when you need it, as "transport-as-a-service" - It's built with "50% fewer parts" than any Tesla before, which makes it faster and cheaper to build - The production line can make far more than the listed 125,000 a year 4. FSD - Starting around Q2 2027, owners can add their own cars to the Robotaxi fleet through the V15 software release - Tesla is building its own SI-based maps and navigation - More than 75% of new buyers in North America now pay for FSD at delivery - Over 1.7 million people pay for FSD, half of them on monthly subscriptions - That's close to $1 billion a year in recurring FSD revenue 5. Optimus: "Biggest product on Earth" - Optimus robots are now coming off Tesla's high-volume line in Fremont - The goal is 20,000 robots a week, reached in "at least a year, maybe a little longer" - Other companies can start buying Optimus around the end of 2027 - A video of Optimus doing tasks it was never pre-programmed for is coming in a month or two - Tesla's next-gen AI5 chip goes into Optimus around April 2027 - The hand is the hardest engineering problem, and that's where the remaining work is 6. Terafab: Tesla making its own chips - Equipment goes into the Austin chip fab in the first half of 2027, with the first test chip around May or June - Full production starts in late 2028 - Investment of "tens of billions," and "north of 100 billion" over the long term 7. Energy, Semi and Roadster - Megapacks are "almost sold out" for all of 2027 - Energy gross margin jumped to 33.1% - Tesla Semi production has started at the new factory in Reno - The Roadster demo: "arguably the coolest demo of any product ever" 8. Money - About $20B in capex this year - Up to $30B in borrowing capacity secured, with no plans to touch it this year - Investment climbs to "tens of billions" in 2028 as Tesla builds the future

Tesla's full Q3 2026 earnings Q&A: Elon Musk and Tesla's executives answer 21 questions from investors and analysts 0:00 How does Cybercab scale past Austin, and what's the regulatory path outside Texas? 1:03 Is training data the bottleneck for Optimus: crowdsourcing or Tesla's own Optimus Academy? 7:56 When can we expect unsupervised FSD in customer cars? 8:41 When will Cybercab be available for customers to buy? 9:56 What do a paid Robotaxi mile and an Optimus unit cost? 12:18 Why not build Tesla's own maps with input from trusted owners? 13:38 What's the production rate at existing factories, and will Tesla build new ones? 15:11 Could rival automakers copy FSD and push its price down? 17:40 Is China different, where autonomy is already table stakes? 20:12 How do fast-growing Robotaxi miles turn into revenue and profit? 21:15 How fast will Cybercab production ramp? 23:07 What role will Tesla play in distributed power and compute, and how big could the Megapod idea be? 24:22 Are Robotaxi's growth bottlenecks now regulatory rather than software? 26:44 How much capital will Terafab need, and what milestones should we watch? 28:37 Where are Optimus's remaining design changes: is it still the hand? 32:11 Will Tesla keep pricing Robotaxi below rideshare to take market share? 33:43 Will unsupervised miles keep growing double digits weekly, and will Cybercab become most of the fleet? 35:31 Is FSD subscription revenue nearing $1 billion a year, and will Tesla disclose it? 37:02 How many FSD subscribers stay on after a few months? 38:07 Why not ramp Optimus now and train it before the hands are final? 40:15 How is Tesla securing chipmaking equipment for Terafab, and what will it cost in capex?

Elon Musk hilariously explains why Optimus has to learn like a toddler, by playing, making mistakes and getting better over time 😂 “In order for Optimus to get the training data we need, we actually need to make a lot of Optimi. So we need to make, I think, on the order of 10,000 or 20,000 bots and then have them do self-play. We're building up an Optimus academy where Optimus can practice doing a very wide range of tasks And then we can use that data in a flywheel to make it better and better at these various tasks, a big difference with Optimus versus the cars Is we don't have this vast fleet of cars from which we can gather training data. So with Optimus, we have to bootstrap it by making the robots and having them do self-play, which is really how a human learns to navigate the world You can see this when you have a toddler and they grow up and they initially are wobbly and they don't know how to do things, and eventually they, they learn to wipe their own ass, which is a big milestone, because anyone who's had kids knows And then they learn to read and do all sorts of things and be able to do these things. And they learn this by playing And we actually need Optimus to play at scale in order to have it be really good at tasks in the real world”

Over 3.3 million driverless miles. Zero people injured Tesla just launched its official Robotaxi safety page, tracking every collision it reports to NHTSA, with no safety monitor on board: 0 people injured 0 airbag deployments 0 pedestrians or cyclists hit Human drivers over the same miles would have caused about 9.1 injury collisions, 4.1 with airbag deployments and 0.52 involving pedestrians or cyclists Autonomy is already safer than humans tesla.com/robotaxi/safety

Elon Musk on Tesla's Robotaxi miles exploding week over week and the Austin Cybercab fleet growing 10x in just one month "Using Robotaxi, we're seeing the fully autonomous miles driven scale exponentially, meaning scaling very rapidly, and it would be hard to overstate this point, it really is an extremely fast week-over-week growth in autonomous miles. And I don't think there's any company in the world that can match our scale with autonomous vehicles as we continue to ramp. The Cybercab fleet in Austin, for example, has grown by a factor of 10 since launch about a month ago And the cumulative mileage is really, when I look at the weekly chart, it's wow. It looks like a rocket going to orbit basically, it's growing very fast. And I recommend if you want to try it out, come into Austin and you'll see Cybercabs in use at scale in Austin, as I think a lot of people saw with the Austin City Limits concert recently So this is really going to a very good place”

FSD adoption is exploding Over 75% of new Teslas delivered in North America now come with FSD (Supervised), up nearly 20 percentage points in just one quarter • 1.74M active FSD subscriptions, up 67% year over year • Record net new subscriptions • 4 new EU approvals: Croatia, Slovenia, Czech Republic and Slovakia • FSD now live in 9 EU countries, used by 100,000+ customers who've driven 160M+ km And Robotaxi is going vertical Cybercab started giving rides in Austin on September 3, and cumulative unsupervised Robotaxi miles grew 8x in a single quarter to nearly 2 million, with sustained double-digit weekly growth Austin Robotaxi now runs 6am to midnight, and Grok rides along in Cybercab with Grok Bot handling your inbox, calendar and tasks by voice Absolutely insane pace assets-ir.tesla.com/tesla-co…

Elon Musk just shared an incredible update on Terafab, and the scale of what he's building is almost impossible to comprehend The Austin research fab is progressing quickly, with the first test chip targeted for May–June 2027 and useful chips at volume around Q3 2028 “Terafab I think will be the most valuable building in the world” “It will probably have an economic value that would place it in the top 20 of countries” And this is especially important for scaling Optimus, removing major semiconductor bottlenecks across memory, logic and packaging

Elon Musk on Optimus becoming the biggest product on Earth, reaching outside companies around the end of next year, and Tesla having no one even close in general-purpose humanoid robotics “I remain convinced that Optimus will be the biggest product on Earth” Tesla is targeting deliveries to companies outside Tesla around the end of next year, once the SI, reliability and useful-life issues are solved “There is no one that is even close to Tesla with respect to a general purpose humanoid robot” Optimus is moving from prototype to real commercial product

Tesla just dropped its Q3 2026 update, and it's packed Here's everything you need to know The numbers • Revenue: $28.0B • Gross profit: $5.5B, up 9% year over year • Operating cash flow: $6.3B • Cash and investments: $45.4B • Trailing 12-month revenue above $100B for the second quarter in a row 10 million Teslas • The 10 millionth vehicle was produced and delivered • 486,532 deliveries in Q3 • Record production at Giga Berlin • Largest passenger vehicle backlog in four years FSD is exploding • Over 75% of new North American deliveries now include FSD (Supervised), up nearly 20 points in one quarter • 1.74M active subscriptions, up 67% year over year • Live in 9 EU countries Robotaxi is going vertical • Cybercab started giving rides in Austin on September 3 • Unsupervised miles grew 8x in one quarter to nearly 2 million • Grok rides along with Grok Bot handling your inbox, calendar and tasks by voice Optimus is in production • First production-quality bots coming off high-volume lines in Fremont • An Optimus factory is under construction in Texas Tesla Semi is in volume production • 500 miles at a full 82,000 lbs • About a third of the energy of a diesel truck • 25,000 a year of capacity in Nevada Next Gen Roadster unveiled • "The best of the last human-driven cars" Energy storage hit record demand • Highest-ever order rate and backlog • Megafactory Texas started production, with 50 GWh planned • First Megapacks shipped with Tesla's own LFP cells Building the brain • 400 MW of SI training compute planned by year-end • Tesla's own chip fab is under construction in Austin Supercharging keeps scaling • 2,100+ new stalls, network up 14% • Record $734M Services and Other gross profit Profit was lower than a year ago because Tesla is pouring money into SI, robots and new factories Cars, robots, robotaxis, trucks, batteries, energy, compute and chips No other company on Earth is building on this many fronts at once Absolutely insane quarter assets-ir.tesla.com/tesla-co…

Honestly, it’s pretty crazy how many people think they’re intelligent just because they can sit on some dumb podcast and mock a man who’s actually building the future… only to expose their own room-temperature IQ the moment they try to make an argument “He’s just a lucky billionaire” Lucky? Lucky once: PayPal Lucky twice: Tesla making EVs mainstream when the entire auto industry doubted it could be done Lucky three times: Building orbital rockets with boosters that literally fly back and land Lucky four times: Starlink bringing internet to places that never had it Lucky five times: Neuralink letting people with paralysis control computers using nothing but their thoughts At some point, it stops being luck and starts being the work you’re too lazy to see or understand Most of the people attacking Elon have never shipped a product, never made a payroll, never bet everything they own on an idea the whole world laughed at You have to be a special kind of stupid to have never built a damn thing yourself and still think you’re smarter than the man who’s actually building the future Elon did exactly that in 2008 and almost lost everything trying to keep Tesla and SpaceX alive And in 50 years, nobody will remember the takes Everyone will remember the rockets

President Trump just gave Elon Musk an incredibly powerful acknowledgment for saving lives during Hurricane Helene “Elon saved a lot of lives. You all did. You saved a lot of lives” Entire communities in North Carolina were cut off, power lines were destroyed, and people were left without communication during the devastating hurricane Trump called Elon and explained how desperate the situation was and asked for as much Starlink equipment as possible, and within just five hours, an enormous amount of equipment was made available to help reconnect affected communities people were stranded with no way to communicate, Elon stepped in with Starlink helped restore a critical lifeline He's not just building technology that's changing the world. He's building technology that's SAVING LIVES when people need it most

Grok Bot just booked me a flight and saved me money.....I didn't do anything It's literally so easy...I just told it what I wanted, and it went ahead and handled everything for me I mean, it actually just does the work for you....and it even wished me a great trip

Funny how some people can spend years attacking Elon Musk, but the moment he starts fighting back, they suddenly start crying and playing the victim card They want the freedom to attack him, but can't handle getting a taste of their own medicine

Elon Musk exposes just how incredibly powerful legacy media propaganda really is, and how easily they manipulate what millions of people believe Remember the time Elon made a gesture that was meant to express love was deliberately turned into accusations of being a Nazi, amplified repeatedly across major media publications and television shows to paint him as evil in the eyes of millions? “Unfortunately, what I’ve learned is that legacy media propaganda is very effective at making people believe things that aren’t true” Think about how dangerous that is

Margaret Thatcher explained this perfectly back in 1983 The government doesn't have money of its own. Every time politicians promise to spend more, someone has to pay for it And people somehow still think it's someone else's money “There is no such thing as public money. There is only taxpayers’ money” And sooner or later, that someone else they expect to pay is YOU

Trust in legacy media hit an all-time low In 2007, 47% of Americans trusted the mass media. By 2025, just 28% did, the lowest Gallup has ever recorded People stopped trusting legacy media

do this with Gboard too 😂 Just add “Grok Bot” to your personal dictionary with “crockpot” as the shortcut

Tesla just took the top two spots in Europe's entire car market September 2026: #1 Tesla Model Y: 40,971 #2 Tesla Model 3: 25,057 #3 Volkswagen Golf: 18,088 The two best-selling cars across every brand and every fuel type were Teslas Tesla recorded 66,035 registrations in total for the month, representing around 98% of the market