Martin. Thanks,
and year with recap for in year, to managed company. XX% it happen hard last multiple challenges XXXX, electric to teams growth we nearly a breakthrough through was and just vehicles Tesla didn't volumes by So, general. of battled, grow by was year. coincidence. for This and ingenuity a supply the while work throughout our And across the level everyone we It did, of chain result
the quarter margin. we the industry highest operating margin GAAP operating the in XX% reported last in over Additionally, widely reached at
of think Lastly, I accumulated is milestone the Company. which thanks positive, point. to $X.X at real Company became this inception for GAAP net since company critical the profitability This in us of a our makes a XXXX, income the billion
our shift and to So, exceptional year, after an we the Texas future, focus Berlin.
production deliver can quarter. on both Austin Berlin, cars is making when when in get So, observed, But we've we we've few been Texas cars -- important and and begun a -- Berlin. to we noting We has so customers. internet last I Berlin, we more the and But focus think it at and as we worth volume quite that that's Texas most started in that and thing. not the to production
and after pack factory expansion output Ys fairly certification future. the building factories with Capacity final new soon. be building we’ll we're and of will delivering start the and battery maximizing of continue Texas, in XXXX each vehicle, locations the should cells, in So, which and the new structural the Model through
through we're continue at of on any locations announce fundamental supply probably to be will and expect. this new look to XXXX, of end not across we towards limiter all to I output but will factories. year, ready new XXXX, locations In the locations able chain Although the announce new this call, be
shortage, year supply yes, So, the chain was chip still than are predict year, XXXX what while there to last for better significant last be multiple encore will And expect issue. smooth that's is sure Full hopefully, challenges. but difficult this comfortably we above Self-Driving. an and XX% in to -- growth do so And not growth I'm over in an you do XXXX. XXXX, Nonetheless, sailing, XXXX, XXXX. year
So, I achieved. safety completely than yes, are we'll And will confident point personal the Full Full -- year, robotaxis, at of we this Self-Driving nutty level it think with that over source on is present. And standpoint. my achieve actually, time, this data nutty for it's if think -- numbers important become It's of the Tesla. you profitability will run from kind it's greater good we most guess significantly Self-Driving that financial a be
on also in class biggest the utilization. any sustainable improving the the self-driving increase of update, accelerating shall on -- would energy in world end value fleet it's and a cars better becoming I have up history. profound think, So, towards safety a the asset vastly might being by It see. We through asset software asset essentially in impact
see. Let's
deserve as not on few lot talk their call. there's of on go about. every So, earnings minutes on a launches sort because a opposed thing going I'm quite of a I product to road product the of own lot working map an that them to through front, we're to think
level. high high a at at scaling a of Tesla fundamental output. The So, I'll of year kind talk -- focus level is this mostly yes,
both So, a decrease. not very total would is introduce to vehicle this do people important vehicles, a our were lot and of understand. year, output do we think This -- people new not if point last year that I
year, management issue. resources and spent not we only we solving changing rewriting chips a that number need, And chip reducing issues: lot supply of the supply chips, last central. with So, drama of engineering code, chain the our chain was
year. as So at there's XX% just least hundreds to grow almost result, contracted able almost every we manufacturer while of last a things. And other were
the So, chips year, of we would that's a introduced, say, the had a -- same have But -- been we new car particularly. total the constraints, output would if good last constraints our because result. vehicle
that we'd actually on true of if the attention fewer in And that So, increased being of the bunch resulting is product, a of would introduced complexity resources actually product, require an same additional then year. vehicles delivered. additional this and
It will year. this introducing So, we constrained. not not parts still be vehicle be would sense models because new any we'll make
of and than likely. like Semi, this whatnot to produce and to So, ready Cybertruck, most able hopefully engineering the Optimus humanoid in create Optimus, vehicle over I But think be lot vehicles, This, those year We to and think, bring is to said, potential to dependent fewer it of I terms cars? the those is time. or priority year. we actually Roadster, significant products, will, more are most business a is That important cars development the we're tooling robot. however, actually be product I production do more next of has doing on, the
it foundation economy is distilled If labor. about is economy, is the you of Capital equipment the -- think the labor.
what I'm that That's have is at about. Optimus actually if what So, point. a what means shortage? happens sure you even labor an economy not don't
Do time? you or good, program, this talk want to the XXXX is important. a me right very about So,
