Andrew Percoco

Barra rejected the predicted downshift to smaller vehicles, citing sustained full-size truck and SUV demand with GM building all it can sell.

Barra framed sodium-ion as a capital-efficient partnership with Peak Energy for lower-cost grid storage, targeting production-validated cells in 2027, 2028.

Paul acknowledged hardware limitations on the existing car park but framed it as sizing the future opportunity; SDV 2.0 expansion and cost improvements will expand addressable base.

Mary cited LIDAR mapping requirements and deliberate focus on highway and major road coverage; noted continuous expansion beyond initial launch footprint while prioritizing safety and trust.

Mary said unannounced features coming for Super Cruise. International expansion to Korea, Middle East, and Europe on track with no regulatory barriers expected. Full roadmap details not shared publicly.

Mary said guidance assumes Korea at 15%. If temporarily reverts to 25%, GM will work to offset the headwind. Paul added net tariffs expected lower in 2026 than 2025 from annualization of go-to-market and fixed cost savings, exceeding 40% offset.

Napoli explained AMP-1 is designed for Air/Gravity and adding a Midsize line would create inefficiencies, hence the dedicated AMP-2 in Saudi Arabia.

Boussaid declined a category breakdown but confirmed most on-hand inventory is Gravity-related.

Winterhoff said commodity pressure is very limited, with recent aluminum flat and DRAM small relative to BOM, no major impact versus year-end.

Boussaid pointed to seasonality and stop-sale recovery, saying not to read through Q1 cash performance, but declined a specific cash-burn guide.

Winterhoff said Air/Gravity are large for Europe so limited near-term growth, with Europe becoming bigger once Midsize arrives.

Winterhoff detailed volume-driven fixed-cost absorption, productivity, quality/scrap reduction and BOM improvements as 2026 margin levers.

Sridhar conceded individual projects may slip but argued the executable pool is deep enough to hold guidance. Answered the substance.

Sridhar clarified directly: the 29% guide stands and the 100bp is to be absorbed through cost reduction, not passed to customers.

Sridhar confirmed multiple utility conversations and explained the ratepayer construct as the long pole, but explicitly declined to give timing.

Both Sridhar and Berenbaum answered directly on capital efficiency, tripling capacity for roughly $150 million, and no factoring in Q4.

Farley said demand is strong across a broad customer base beyond utilities and put Ford in roughly the third inning of selling out its 2028 20-GWh capacity.

House reiterated the three drivers and said timing differences were intentionally excluded from the guide; did not give a detailed bridge.

Farley positioned Ford Energy as high-growth adjacency with LFP technology advantage (CATL license) vs competitors importing with tariffs or using higher-cost lithium. 20 GWh capacity planned for 2027+. Customer-facing end-to-end solutions, not contract manufacturing.

Farley explained L3 in-house for two reasons: affordability (thousands per vehicle saved vs supplier solutions, enabling L3 on $30-35K vehicles not just luxury) and experience control for safety-critical highway driving. L4 strategy could be different, declined to elaborate.

Lars gave a regulatory philosophy answer emphasizing performance-based rules rather than specifics.

Elon answered directly, citing Samsung, TSMC, Panasonic and Micron investments in fabs, cells and memory allocation.

Vaibhav said the xAI investment is furtherance of Master Plan 4 and Tesla vehicles already use Grok. Musk added Grok will be key to managing a large autonomous fleet of 10M+ vehicles and orchestrating teams of Optimus robots, framing it as shareholder-requested.

Strazik confirmed no change in customer behavior or growth trajectory since tariff announcement, emphasizing cost pressures require countermeasures but demand remains strong.

Strazik reframed beyond 48 hours to six weeks post-Analyst Day, highlighting strengthening demand diversity in gas and grid while noting wind remains soft.