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Mobility

Tesla to start Optimus production in July-August after converting Model S, X line

Tesla will convert the existing Model S and Model X production line at its Fremont plant and start producing the humanoid robot Optimus as early as late July, or by August at the latest. It plans to build the last Model S and Model X in early May and then dismantle the line before installing Optimus-specific equipment. Elon Musk said early production will be slow and this year’s pace is effectively unpredictable.

Industry

Tesla first-quarter revenue rises 16 percent as AI, robot investment burden grows

Tesla remains profitable in the first quarter of 2026, but its profitability has slowed from past levels. Net profit totals $477 million and revenue rises 16 percent to $22.39 billion, driven by a 16 percent increase in automotive revenue. Operating margin is 4.2 percent as regulatory credit and leasing income fall and costs rise with AI investment and part of Elon Musk’s compensation package. FSD subscriptions reach 1.3 million.

Industry

Tesla previews 2026 first-quarter earnings with focus on core business growth slowdown

Tesla will report first-quarter 2026 results after the market close on April 22 local time, with attention focused on slower demand and inventory pressure in its auto business. The company produced 408,386 vehicles and delivered 358,023, below expectations, with production exceeding sales by more than 50,000. Wall Street expects revenue of about $22.3 billion and adjusted EPS of $0.37, while Tesla’s internal consensus is lower.