Tesla's profit grew in the first quarter, Musk announced a new Roadster
Kyiv • UNN
The company earned $477 million for the quarter with revenues of $22.39 billion. Elon Musk is preparing to launch the Roadster sports car and mass production of Optimus robots.
Tesla's profit increased by 17% in the first quarter amid a recovery in sales after a downturn in 2025. This was reported by AP, writes UNN.
Details
The electric car manufacturer earned $477 million, or 13 cents per share. Including special items, earnings were 41 cents per share, exceeding analysts' forecasts. The company's revenue rose to $22.39 billion, with automotive revenue increasing by 16%.
Despite the growth, financial performance remains below previous peak levels due to increased competition. The company lost its position as the world's largest electric vehicle manufacturer to Chinese competitors.
Betting on robotaxis and new technologies
CEO Elon Musk said that the company's future is not only about selling cars, but also about developing autonomous transport. According to him, the mileage of robotic taxis doubled in the first quarter compared to the previous one.
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The company is also developing the robotics sector. Construction of a new factory for the production of Optimus robots has already begun in Texas, with a potential capacity of up to 10 million units per year.
I think Optimus will be our biggest product
New Roadster
During a conversation with investors, Musk also announced the possible debut of a new Roadster sports car in the near future.
At the same time, Tesla continues to actively invest in development - the company's capital expenditures for the quarter increased by 67% and amounted to $2.5 billion.
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