Tesla, Optimus and Elon Musk
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Tesla plans to begin preparing its first large-scale factory dedicated to the Optimus humanoid robot in the June quarter. The first-generation line will be designed to make 1 million robots annually.
Tesla (NasdaqGS:TSLA) reported Q1 2026 results that included a rebound in profit and revenue. The company outlined a shift toward AI, robotics, and robotaxi growth, including preparations for an Optimus humanoid robot factory.
Tesla is confronting a sharp drop in California EV sales, record unsold vehicle inventory, and a slowdown in its energy storage growth, even as it ramps production of its Cybercab robotaxi, invests billions in humanoid robot manufacturing, and builds a ...
In addition to financial figures, Tesla’s (TSLA) latest earnings report also brought details about the company's plans for the coming months and years. This includes a strong push into robotics, with Tesla estimating that it’ll eventually be able to produce 10 million Optimus robots per-year at its Texas Gigafactory.
The investments will be put toward a dramatic expansion of factory operations, including production of its Optimus humanoid robot, artificial intelligence initiatives and the Cybercab autonomous car
By placing its humanoid robot steps from the finish line, Tesla is turning one of the world’s most photographed events into a massive showcase for Optimus.
Tesla begins Optimus production in Q2 2026, replacing Fremont’s legacy car lines, breaking ground in Texas as it scales toward a robotics-first future.
Tesla (TSLA) reported first quarter results on Wednesday after the closing bell. Adjusted earnings per share (EPS) came in at $0.41 (compared to analyst estimates of $0.34), and revenue came in at $22.