Tesla stars Optimus robot production in California as profit falls 43%
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Tesla has started production of its Optimus humanoid robot at its factory in Fremont, California, a manufacturing space once dedicated to making electric vehicles, the company announced Wednesday. "The bots coming off this line are the first production-quality bots that we have manufactured," Tesla wrote in its third-quarter letter to shareholders. "While we will continue to iterate on the hardware and manufacturing process, we have proven that the current manufacturing process for Optimus is suitable for a commercial product." That fordward-looking development wasn't enough to lift the company's otherwise middling third-quarter earnings, results that typify a company at the midpoint of a major bet. Tesla's revenue was flat and its expenses skyrocketed as it pressed the accelerator on its Optimus robots, AI, and autonomous driving. The end result was a 43% drop in profits. The company's revenue was largely driven by EV sales, which were flat year-over-year at $20 billion. Tesla delivered 486,532 vehicles in the third quarter, about 6,000 more than the previous quarter, but fewer than in the same period last year. Tesla's total third-quarter revenue was $28.04 billion, a skosh below the $28.09 billion it generated in the third quarter of 2025. Tesla's third-quarter revenue was also about $200 million lower than the previous quarter's haul of $28.23 billion. Tesla saw a 16%...
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