Tesla pivots to AI and robotics as Q1 2026 revenue rises

Tesla reported Q1 2026 revenue of $22.4 billion and net income of $477 million (up 16% and 17% year-over-year) but missed Wall Street revenue expectations. The company also outlined plans for a first ‘large-scale’ Optimus robot factory ( Fremont line designed for 1 million robots per year, with Gigafactory Texas ready for a 10 million‑robot output) and continued work on the Dojo 3 AI computer, underscoring a shift toward AI and robotics alongside ongoing robotaxi efforts and traditional car sales.