Dossier
Optimus robot
Coverage of Optimus robot in the Nexus archive.
- Tesla earnings rise, but AI expenses add up for Elon Musk
Tesla reported a 16% year-over-year revenue increase to $22.4 billion in Q1 and a 17% rise in net income to $477 million, but operating expenses surged 37% to $3.78 billion, cutting operating margins to 4.2%. CEO Elon Musk is prioritizing AI-driven projects like the Optimus robot, Cybercab, and AI chips, with plans to shift production away from the Model S, Model X, and eventually the Model Y. Tesla anticipates major capital expenditures and partnerships, including a 'largest chip fab ever' with SpaceX.