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BreakingStocks

Tesla Starts Optimus Robot Production in California Amid 43% Profit Drop

First Detected: Oct 21, 2026, 8:39 PM
Last Update: 41 minutes ago
1 update

Event Summary

Tesla has officially commenced production of its Optimus humanoid robot at its factory in Fremont, California. The company repurposed manufacturing space previously dedicated to electric vehicles to accommodate this new production line. This operational shift coincides with Tesla reporting a significant 43% drop in overall profits.

Timeline

Latest developmentabout 3 hours ago

Tesla profit falls 43% despite revenue beating analyst estimates and start of Optimus production

The company generated positive free cash flow despite expectations for an outflow, while capital spending doubled and segment performance diverged as services grew and energy revenue declined.

Read the full story

Key facts

  • Tesla has commenced production of its Optimus humanoid robot at its Fremont, California factory.
  • Manufacturing space previously dedicated to electric vehicles has been repurposed for robot production.
  • The company announced a 43% drop in profits alongside this operational shift.
  • Tesla has started production of its Optimus humanoid robot at its Fremont, California factory.
  • The manufacturing space previously dedicated to electric vehicles has been repurposed for robot production.
  • Tesla's profit has fallen by 43%.