We are live for a new episode of the Electric Podcast.

I am Fred Lambert, your host, and I'm joined by Electric's publisher Seth Wintra.

Are you doing, Seth?

I'm good.

All right, good 2026.

First episode of the Electric podcast of the year.

I hope all of you guys had a beautiful holiday season.

And you're starting the year 2026 on the right foot.

As you might expect, our first podcast going to talk a little about sales numbers because that's what happened when a new quarter starts, a new year start.

And we're going to start with Tesla's release of its Q4 and full year 2025 numbers.

Now, there was something a little bit interesting about this one ahead of the number release. So earlier this week,

Tesla release the company compile consensus. I know this consensus on the deliveries and production

for the year. So Tesla does that. Tesla makes that report every quarter, but doesn't release it publicly.

It releases it to, you know, some investors and some analysts.

And it keeps this private.

The number normally gets out and everything, but it's, you know, the fact that it's somewhat private is a way to get people to

participate in the survey, so get all these analysts to jump on the survey and Tesla can get

the information directly and then he releases it to hold these analysts and then it gets to

some investor and whatnot. It's like one of the few tasks of the Tesla's investor relation

program.

Now Tesla decided to release it publicly this quarter, which brings us to ask why.

Now, it could be as simple as this is a new process for Tesla.

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