Q1 2024 Shareholder Update → — Highlights While many are pulling back on their investments in EVs, we are investing in future growth. This includes our AI programs, production capacity, Supercharger & service networks as well as new products infrastructure. To maximize the impact of our products, we design & manufacture a fully integrated ecosystem. Cybertruck production ramp is progressing, with a sequential cost improvement in Q1 & a production rate of over 1k units/week in April. Additionally, 4680 ramp continued successfully in Q1 & remains ahead of Cybertruck ramp. The future is not only electric, but also autonomous. Since the launch of FSD V12 earlier this year, it has become clear that a vision-only architecture with end-to-end neural networks, trained on billions of miles of real-world data, is the right solution for scalable autonomy. We also completed the transition to Hardware 4.0 in Q1, our latest in-vehicle computer with increased inference processing power & improved cameras. To make FSD Supervised more accessible, we reduced the subscription price to $99/month & purchase price to $8k in the US. We're also building ride-hailing functionality that will seamlessly integrate into the Tesla app & become available in the future. Energy storage deployments in Q1 increased sequentially to a record 4.1 GWh & we continue to ramp our 40 GWh Megafactory in Lathrop, CA to full capacity.