EventRoboticsOctober 22, 2026

Tesla profit falls 43% as Optimus robot production begins

Read original source →decrypt.co

Net income dropped to $787 million from $1.37 billion on flat $28.05 billion revenue, with R&D up 69% to $2.76 billion and capex more than doubling to $4.73 billion. Optimus is now rolling off a line in Fremont; Musk targets 20,000 units a week but says outside deliveries come around end of 2027.

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