Gate News message, April 24 — Tesla reported first-quarter revenue of US$22.4 billion on April 23, representing a 16% year-over-year increase. The company’s global vehicle deliveries exceeded 358,000 units, while production topped 408,000 units.
Tesla’s Shanghai Gigafactory delivered 213,000 vehicles in the quarter, up 23.5% from the same period last year. The company also expanded its charging network, adding 2,200 Superchargers globally and extending coverage across China’s provincial capitals and most prefecture-level cities.
Tesla plans to debut its third-generation humanoid robot, Optimus, in mid-2026 and will begin preparing a large-scale robot factory in the second quarter. CEO Elon Musk has indicated that Optimus could generate over US$10 trillion in revenue over the long term. The company plans to spend more than US$20 billion in 2026—more than double its earlier forecast—to fund humanoid robots, autonomous vehicles, and AI development.
As tariff pressures mount, Tesla is leveraging its Shanghai facility as a global export base to serve non-U.S. markets and sidestep tariff impacts. The Shanghai factory also produces energy storage products, supporting Tesla’s expansion beyond automotive manufacturing.
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