Tesla, Elon Musk and Optimus
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Tesla announces 1,000 new hires and a 20% production boost at Giga Berlin, but even this record Q1 leaves the factory running at 65% of its stated 375,000-unit capacity.
Tesla is opening a new chipmaking factory, called a Terafab, in Austin, Texas. CEO Elon Musk stated the factory is critical for Tesla's shift toward an autonomous future. Musk believes a potential chip shortage could limit Tesla's growth in the coming years.
Tesla reported a 16 percent year-on-year revenue growth in the first quarter, driven by robust performance at its Shanghai Gigafactory and expanding infrastructure in China, while gearing up for the highly anticipated debut of its third-generation humanoid robot in mid-2026.
Tesla CEO Elon Musk confirms Optimus production starts late July at Fremont, converting the Model S/X line in four months — but warns output will be 'quite slow.'
Tesla released its 2026 first-quarter financial earnings today, providing another look at the progress of Elon Musk’s $1 trillion bet to transform his company into a leader of AI and robotics.
Wang Hao, Tesla’s vice president, said the Shanghai facilities, like other Tesla factories, will contribute after the company enters an era of robots.
Elon Musk said he expected Tesla's capital expenses would rise "substantially in the future" after it surprised investors with positive cash flow in the first quarter.