Tesla (NasdaqGS:TSLA) reported Q1 2026 results that included a rebound in profit and revenue. The company outlined a shift toward AI, robotics, and robotaxi growth, including preparations for an Optimus humanoid robot factory.

Tesla reported higher first-quarter profits and outlined plans for robotaxis, AI and manufacturing expansion in Texas.

Tesla posted earnings that topped analysts' estimates, and said it plans to significantly raise spending on AI.

In addition to financial figures, Tesla’s (TSLA) latest earnings report also brought details about the company's plans for the coming months and years. This includes a strong push into robotics, with Tesla estimating that it’ll eventually be able to produce 10 million Optimus robots per-year at its Texas Gigafactory.

Tesla will report earnings after the 4 p.m. ET closing bell on Wednesday. Investors head toward the 5:30 p.m. ET call with TSLA stock down 14% in 2026.

Tesla reported earnings that beat Wall Street's estimates. TSLA stock was up after hours as the earnings call with Elon Musk kicked off.

Tesla's planned capex for 2026 is three times higher than what the company has historically spent. Its CFO said, as a result, Tesla will have a negative free cash flow the rest of the year.

Tesla beat Wall Street’s expectations in its first quarter earnings. Tesla reported $22.4 billion in revenue for the period, up 16% from the first quarter of last year. Revenue from its automotive business grew 16% from the year prior.