Tesla reports $477 million net income for Q1 2026 with 16 percent revenue growth to $22.4 billion. The results highlight gains in automotive and services amid FSD subscription growth and Optimus robot production plans.
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Tesla marked the start of high-volume Semi production at its new Sparks, Nevada factory on September 24. The plant, which Tesla says covers 1.8 million square feet, is built to scale to 50,000 trucks annually.
Tesla reportedly conducted intensive supplier audits across China's Yangtze River Delta last week as it prepares Optimus production. The visits to potential suppliers Tuopu Group, Sanhua Holding Group, and Joyson Electronics in Ningbo, Hangzhou, and Shanghai leverage existing automotive partners rather than confirming a mass-production acceleration.
Tesla will unveil its second-generation Roadster on October 1 according to a teaser posted on X that shows the date and hints at cold gas thrusters. The vehicle was first announced in 2017 and has faced repeated delays with production still at least 12 months away after the reveal.
Volkswagen has introduced the all-electric ID. Cross compact SUV priced from 27,995 euros, with advance sales now underway in Germany. The model provides WLTP ranges reaching 427 km along with optional premium interior appointments and assistance technologies sourced from higher vehicle classes.
Tesla has started sending invitations for its Semi Rollout event on September 24 at the new factory in Sparks, Nevada. The gathering will showcase the facility, which Tesla says covers 1.8 million square feet, built to produce up to 50,000 trucks per year along with refreshed vehicle features and fleet economics.
