RealFeedApp Tesla profits fell 43%
Tesla announced the start of Optimus humanoid robot production at its Fremont factory, confirming the first units are production-ready. Despite flat EV revenue, the company saw a 43% profit decline due to soaring expenses on AI and autonomous driving initiatives.
- Field
- robotics
- What they did
- Tesla has begun mass production of its Optimus humanoid robot at its Fremont, California factory, stating that the units coming off the line are the first production-quality models.
- Why it matters
- This marks a shift from development to commercial manufacturing, even though the company reported a 43% profit decline due to high costs associated with developing its robots, AI, and autonomous driving features.
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