🤖Tesla Begins Optimus Robot Production, Q3 Profits Plunge 43%

Tesla's Optimus robot is rolling off the line, but profits are taking a hit

Tesla has kicked off production of its Optimus humanoid robot at its Fremont factory, marking a crucial milestone in the robot's journey to commercial viability. However, the company's financials tell a different story, with Q3 profits plummeting 43% to $787 million. This stark contrast highlights the financial risks and rewards of Tesla's ambitious ventures. Tesla's revenue was flat at $28.04 billion, with EV sales flat year-over-year at $20 billion. The company's expenses surged, leading to a significant drop in profitability. Despite these challenges, the Optimus robot's production is a clear signal of Tesla's commitment to robotics and automation.