
Tesla Q1 Profit Rises 17% as EV Maker Bets Big on Robotaxis and Optimus Robots
Tesla reported Q1 2026 earnings of $477 million, up 17% year-over-year, with revenue reaching $22.39 billion driven by 16% automotive growth. The company lost its crown as world's largest EV maker to BYD but is pivoting to robotaxis, which doubled miles in Q1, and humanoid robots with planned 10M annual capacity. Capital expenditures surged 67% to $2.5 billion as Musk bets on autonomous driving and Optimus.

