Tesla’s revenue rises again as it prepares for more AI and robotics

Tesla reported a 16 percent increase in revenue and a 17 percent increase in profits in its first quarter of 2026 compared to the same period in 2025. The company earned $477 million in net income on $22.4 billion in revenue, missing Wall Street's revenue expectations. Tesla also announced preparations to begin building its Optimus robots at a large-scale factory, with plans for two production lines, one at Fremont and the other at Gigafactory Texas.