Tesla Q4: 5 burning questions for Elon Musk

On January 28, 2026, at 5:30 PM EST, all eyes in the Tesla community will be on a pivotal event: the Tesla Q4 2025 Earnings Call. This quarterly meeting is not just a financial exercise for Elon Musk and his management team.

This is when shareholders, via the Say Technologies platform, can submit and vote on the questions they want to ask the CEO directly. And believe me, this quarter, the questions are particularly pressing.

As a Tesla enthusiast and a diligent follower of these earnings calls for several years, I find this Q4 2025 exceptionally interesting. The full quarterly and annual results will be unveiled, but beyond the numbers, five questions currently dominate investors’ concerns.

These questions reflect Tesla’s major strategic challenges for 2026 and beyond. In fact, if you’re a shareholder, you can even track Tesla stock prices directly from your vehicle’s screen, a convenient feature to stay informed in real-time.

Let’s break down together what investors really want to know and why these questions are so crucial for the company’s future.

SpaceX: The IPO that could reward Tesla loyalists

The #1 question on Say Technologies concerns the SpaceX IPO and the priority access promised to Tesla shareholders. For over a year now, speculation has been rife about an imminent SpaceX IPO.

Elon Musk has repeatedly mentioned the idea of offering privileged access to long-term shareholders of Tesla during this IPO. The link between the two companies in the Musk ecosystem is well-established, and this promise represents a major financial stake for those who have held Tesla shares for years.

This question reflects a legitimate expectation: why not reward those who believed in the vision from the beginning? But the question remains: will this priority access truly materialize, and under what specific terms?

Investors want concrete details, not just statements of intent. Timeline, eligibility criteria, reserved share volume… The questions are numerous.

Full Self-Driving: 2026, the year of 100% autonomous driving?

The “essentially solved problem” according to Musk

The #2 question concerns the exact timeline for 100% unsupervised FSD. Elon Musk recently stated that the technical problem of autonomous driving was “essentially solved”.

According to his latest statements, availability in the United States could become a reality by late 2026. But a critical barrier remains to be overcome: the collection of 10 billion miles of driving data needed to validate and refine the system.

The current status of this data collection is precisely what investors want to know. Where are we? How many miles are already in the database? At what rate are we progressing?

The regulatory hurdles that will follow

But solving the technical problem is only half the battle. The regulatory approval phase represents an equally colossal challenge, perhaps even more complex.

In the United States, the state-by-state approach further complicates matters. Each jurisdiction will have its own requirements, its own timelines, its own approval procedures.

I’ve been using FSD for 2 years now, and the progress is spectacular, truly impressive. But from there to completely removing hands from the wheel and human supervision, there’s a huge gap.

The question that persists: is this a realistic timeline or Musk’s usual optimism? The history of past predictions calls for some caution, even if this time, the signals seem more concrete.

Robotaxi: Identifying the real obstacles to mass deployment

The #3 question concerns the bottlenecks of the Robotaxi program. It is directly linked to the previous question about FSD, but goes further by asking for concrete explanations.

There’s an apparent contradiction: the technology is supposedly “essentially solved” according to Musk, but deployments remain extremely limited. What’s the real reason? Data collection appears to be the main limitation currently.

Tesla confirmed that a subscription-only model was coming for the Robotaxi service. The gradual deployment strategy contrasts sharply with initial promises of a massive fleet of autonomous vehicles.

Investors want concrete figures, not optimistic projections. How many vehicles are in test? In which cities? What are the performance indicators? What is the realistic ramp-up schedule?

This demand for transparency is perfectly legitimate, especially since Robotaxi represents a major strategic pillar for Tesla’s future valuation. Furthermore, Tesla’s product strategy with the $25,000 compact model aligns with this global vision of democratizing autonomous transport.

Optimus in the Factory: How many robots are already working at Tesla?

The #4 question concerns the number of Optimus units currently deployed in Tesla factories. It’s a demand for full transparency on the humanoid robot’s actual performance.

Tesla announced a growing role for Optimus in its production facilities for 2026, with expanded responsibilities planned. But concretely, where are we today?

The impact on industrial productivity and efficiency is crucial. Investors want to be able to compare previous announcements with the reality on the ground. How many operational robots? What tasks do they perform? What is their reliability?

It’s the project least discussed in the media, but one that could have the fastest and most measurable industrial impact. Tesla’s production in China and its implications could indeed benefit massively from a successful Optimus integration.

The expectation is clear: precise figures and verifiable performance metrics, not just spectacular demo videos.

Transferable FSD: The legitimate claim of early adopters

The #5 question concerns the possibility of linking FSD to the user account rather than the vehicle. It’s a deep frustration for buyers who have invested between $7,000 and $12,000 in this option since 2017.

The problem is simple but painful: the FSD option is lost when changing vehicles. As Tesla announces a transition to a subscription-only model, the injustice perceived by early supporters becomes glaring.

I completely understand this frustration. Paying $12,000 for a feature that doesn’t carry over when you change Teslas, even though you remain within the brand’s ecosystem, hurts. All other software and services are linked to the user account, so why not FSD?

It’s a matter of loyalty to early adopters, those who funded the system’s development by taking a risky bet years ago. What’s the likelihood of a favorable announcement on this call?

Honestly, I remain cautious. But community pressure is strong enough for the topic to be addressed at the very least.

So, January 28 will be an absolutely unmissable event for all Tesla shareholders and enthusiasts. These five questions reflect investors’ true concerns, far beyond simple quarterly financial results.

For my part, I’ll be particularly watching for answers on FSD and Optimus, as these are the two technologies that could concretely transform Tesla’s business model in the next 24 months. Elon Musk’s statements are always closely scrutinized by financial analysts who seek to decipher the implications for the company’s valuation.

If you’re a Tesla shareholder, I strongly encourage you to vote for the questions that matter most to you on Say Technologies before the call. It’s a unique opportunity to make your voice heard directly by management.

And you, what question is burning on your mind? Stay tuned, I’ll publish a detailed analysis of the answers and announcements right after the earnings call!