"Tesla reported a net income of $477 million and revenue of $22.4 billion for the first quarter of 2026, representing a 16 percent increase in revenue and a 17 percent increase in profits compared to the same quarter in 2025."
"Preparations for Tesla's first large-scale factory to build Optimus robots will begin in Q2, with the first-generation line designed for an annual production of 1 million robots."
"Gigafactory Texas will host the second-generation line, which is being designed for a long-term annual production capacity of 10 million robots."
"Tesla's earnings update indicated that the company is continuing its work on the Dojo 3 supercomputer project, which Elon Musk described as 'space-based AI compute'."
Tesla's Q1 2026 financial earnings revealed a net income of $477 million and revenue of $22.4 billion, reflecting a 16% revenue increase and 17% profit increase from Q1 2025. Despite these gains, Tesla fell short of Wall Street's revenue expectations. The company announced plans to begin preparations for a large-scale factory to produce Optimus robots, aiming for an annual capacity of 1 million robots. Additionally, Tesla is continuing work on its Dojo 3 supercomputer project, which is intended for space-based AI compute.
Read at The Verge
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