Electric cars: Musk raves about robots after Tesla's profit plunge
Elon Musk wants to focus Tesla on robots and robotaxis. But for now, the company still has to make money by selling electric cars - and recently there have been declines in this area.
Tesla reported a 43% drop in quarterly profit to $787 million, with revenue stagnating at $28.05 billion. The company's CEO, Elon Musk, had previously mentioned considering a merger with SpaceX, but did not discuss it further during the earnings call. Tesla's vehicle sales declined, which was expected after a strong quarter last year driven by a US tax credit for electric vehicle buyers that expired in September 2025.
Musk emphasized Tesla's future focus on producing self-driving robotaxis and humanoid robots, including the Optimus robot, with production capacity of up to 1 million units per year at its Fremont factory.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
