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Tesla’s revenue rises again as it prepares for more AI and robotics

Tesla said it earned $477 million in net income on $22.4 billion in revenue in the quarter that ended in April 2026. That’s a 16 percent increase in revenue and a 17 percent increase in profits over the first quarter of 2025, when the company earned $409 million in net income on $19.3 billion in revenue. Tesla missed revenue expectations from Wall Street, which assumed approximately $22.64 billion in revenue.As part of the earnings update deck, Tesla said that preparations for its first “large-scale” factory to build its Optimus robots will begin in Q2. “The first-generation line, designed for 1…

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