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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Rivian’s R2 was the company’s best-selling vehicle by volume in the third quarter, though Rivian did not disclose R2 unit counts. Revenue rose 38% to $2.155 billion, software and services revenue rose 45% to $605 million, and the automotive gross loss narrowed year over year.
Sawyer Merritt reports Tesla has stopped Cybertruck Premium All-Wheel Drive orders. The configurator lists Dual Motor at $82,490, and that row cannot be selected.
Elon Musk said Tesla will have to return Cybertruck deposits for a lot of people, and that the order rate far exceeds production.
Apple shares slid about 2% after the company forecast a gross margin of 45% to 46% for the December quarter, below analyst estimates, citing higher memory costs and Siri AI expenses. A decline would be the third straight quarter of lower margins, despite stronger-than-expected revenue and iPhone results.
According to CEO Steve Huffman, Reddit will require users to log in to browse the site, beginning with tests in select markets outside the US. The change aims to curb scraping and support advertising.
