Here are the most important highlights from @Tesla's Q3 2026 earnings call: • Tesla's 2027 Megapack production capacity is nearly sold out. • Tesla is aiming to produce 5 million vehicles annually by 2030. • Customers are increasingly visiting Tesla showrooms specifically to experience FSD rather than shopping for a particular vehicle model. • Tesla said more than 75% of new North American vehicle deliveries included a paid FSD subscription signup, despite every vehicle already coming with a free one-month trial. • FSD financial disclosure: Tesla plans to disclose additional FSD financial and operating metrics as the business scales, including subscription revenue and churn rates. • Elon said Tesla is hoping for EU-wide FSD approval within a few months and would be surprised if approval takes longer than Q1 2027, although the timing depends on regulators. • Unsupervised FSD for customer vehicles: Tesla expects to enable some customer-owned vehicles to participate in its autonomous Robotaxi network around Q2 2027, subject to fleet-management and geofencing requirements. • Tesla is developing its own AI-based mapping and navigation system that will rely on intelligence gathered from its vehicle fleet rather than traditional third-party mapping systems. The system will support conversational voice commands, personalized routing preferences, improved parking, and more intelligent destination handling. •  Tesla plans to launch Cybercab service in Dallas in November 2026, followed by additional cities. • Tesla plans to progressively extend robotaxi operating hours, with the goal of reaching 24/7 service by the end of 2026. Tesla expects to expand service to highways, higher-speed roads, additional weather conditions, and nighttime operations by the end of 2026. • Elon expects Robotaxi to begin making a noticeable contribution to Tesla's financial results around Q2 2027, potentially becoming a significant business by Q3 or Q4 2027. • Tesla is targeting the first deliveries of Cybercabs to fleet owner customers by the end of 2026, but Elon said the vast majority of Cybercabs will be Tesla-owned and operated as transportation-as-a-service vehicles rather than sold directly to consumers. • Tesla has started early Optimus production. Elon said: "The growth of Optimus is an S curve, but the initial curve is a shallow slope. There's still some things we need to tweak about the design. There's still quite a lot of work to do with the AI in the robot. I would expect that the AI, the electromechanical design, reliability, usage life, expect these issues to be solved by the end of next year." • Elon said most of the equipment for an Optimus production line designed to manufacture approximately 1 million robots annually is already at Fremont. Elon expects it will take at least another year, possibly longer, to reach an annualized production rate of approximately 1 million Optimus robots, equivalent to roughly 20,000 per week. • Elon said Tesla may release a new Optimus V3 demonstration video within one or two months, saying that it should show genuinely AI-driven tasks rather than preprogrammed movements. • Tesla is targeting mid-2027 to integrate its AI5 chip into Optimus. • Management said Optimus production costs are trending toward the expected manufacturing cost of Cybercab, although the robot's design is still being refined. • Tesla hopes to manufacture its first experimental semiconductor chips around May or June 2027. Tesla is targeting useful chip production at volume in Terafab around Q3 2028. • Management expects higher Megapack average selling prices and further improvements in gross margins (currently 33%) as production expands.

Elon Musk on Tesla's Q3 earnings call: "We've been laying the groundwork for a lot more manufacturing capacity. We're aiming for 5 million vehicles a year by 2030."