[EARNINGS CALL] Tesla (TSLA) CEO Elon Musk says the company will increase production to meet demand; company is aiming to produce approximately 5mln vehicles annually by 2030

CEO Energy storage demand remains very strong, with nearly all 2027 Megapack capacity sold out Megapack production ramping as quickly as possible to meet demand Energy storage gross margins expected to increase meaningfully Management expects significant growth after several years of relatively flat performance Fully autonomous miles driven growing exponentially, with rapid W/W acceleration Cybercab fleet in Austin expanded ~10x since launch approximately one month ago Management highlights substantial potential to scale Robotaxi operations and autonomous driving mileage. Machinery commissioning scheduled to begin in H1 2027. First test chip production targeted for May-June 2027, subject to successful commissioning Initial focus on demonstrating basic chip manufacturing capability. On SpaceX merger, says he said everything he needed to say during the SpaceX call yesterday. CFO SpaceX investment mark-to-market loss of 142mln impacted net income Bitcoin mark-to-market gain of approximately 290mln offset SpaceX valuation loss Quarter ended with positive Free Cash Flow of over 1.5bln Cash and investment balance of over 45bln FY Capex Guidance revised to approximately 20bln, reflecting more efficient capital deployment Capex expected to be funded primarily through operating cash flow Secured up to 30bln in additional borrowing capacity to support future capex growth No drawdowns planned under new financing facilities in calendar 2026