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Tesla agreed to acquire an unnamed AI hardware company for up to $2 billion in stock and equity awards, according to a single sentence buried in its Q1 2026 10-Q filing. The company never mentioned the deal in its shareholders’ letter or during last night’s earnings call.

The disclosure appeared in Note 14 — Subsequent Events, the very last note in the financial statements, in what may be the most expensive one-sentence disclosure Tesla has ever made.

During Tesla’s Q1 2026 earnings call, CEO Elon Musk revealed that Tesla is planning an “AI4.1 or AI4 Plus” upgrade to its self-driving computer that doubles the RAM from 16 gigabytes to 32 gigabytes per chip — taking the total system memory to 64 gigabytes.

The announcement came on the same call where Musk confirmed (or rather reconfirmed after backing away from the admision last year) that HW3 “simply does not have the capability” for unsupervised FSD.

For the millions of Tesla owners currently driving HW4 cars, the timing raises an uncomfortable question.

CEO Elon Musk confirmed during Tesla’s Q1 2026 earnings call that Cybercab production has officially begun at Giga Texas.

VP of Vehicle Engineering Lars Moravy confirmed that the Cybercab will not be subject to NHTSA’s 2,500-vehicle annual production cap for autonomous vehicles.

During Tesla’s Q1 2026 earnings call today, CEO Elon Musk confirmed that Optimus robot production will begin at Fremont in late July or August — just four months after the last Model S and X roll off the line in early May.

Musk warned, however, that initial output will be “quite slow,” calling it “literally impossible to predict” the production rate this year given Optimus has 10,000 unique parts across an entirely new production line.

Elon Musk has once again pushed back the Tesla Roadster unveiling. During yesterday’s Q1 2026 earnings call, the CEO said the car might debut “in a month or so” — blowing past the late April timeline he had set just weeks ago.

It marks at least the eighth time Musk has moved the goalposts on the Roadster since the prototype was first revealed in November 2017, nearly nine years ago.

During Tesla’s Q1 2026 earnings call today, CEO Elon Musk confirmed that unsupervised Full Self-Driving for consumer vehicles won’t arrive until Q4 2026 at the earliest — pushing the timeline yet again after years of broken promises.

When asked directly when FSD unsupervised would reach customer cars, Musk replied: “I’m just guessing here, but probably in the fourth quarter.”

Tesla’s Q1 2026 earnings beat looks impressive on the surface — 21.1% gross margin, 136% operating income growth, $0.41 non-GAAP EPS. But dig into the shareholders’ letter and a pattern emerges: Tesla pulled every accounting and financial lever available to make a stagnant quarter look like a turnaround.

One-time warranty reserve releases, tariff refund windfalls, stretched supplier payments, and new debt all contributed to headline numbers that mask a fundamental problem — Tesla’s core auto business isn’t growing.

Tesla (TSLA) released its financial results and shareholders’ letter for the first quarter (Q1) 2026 after market close today.

We are updating this post with all the details from the financial results, shareholders’ letter, and the conference call later tonight. Refresh for the latest information.