Business
Tesla profit falls 43% as Optimus robot production begins
October 22, 2026 at 04:56 AM
Coverage
2 reports · 1 in Arabic, 1 in English · over 8 hours
Tesla reported a sharp drop in third-quarter profit and announced it has begun production of its Optimus humanoid robot at its Fremont, California factory.
- Tesla reported net income of $787 million in the third quarter, down 43% from $1.37 billion a year earlier.
- Revenue slipped 0.2% to $28.04 billion, while EV deliveries rose slightly to 486,532 vehicles.
- Tesla announced it has begun producing its Optimus humanoid robot at its Fremont, California factory, calling the units its first production-quality bots.
- Elon Musk said Tuesday that Tesla and SpaceX have formed special committees, at shareholder request, to study a possible merger, which would require approval from at least 50% of Tesla shareholders.