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The Verge

Tesla’s revenue rises again as it prepares for more AI and robotics

Tesla’s revenue rises again as it prepares for more AI and robotics
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Tesla released its 2026 first-quarter financial earnings today, providing another look at the progress of Elon Musk's $1 trillion bet to transform his company into a leader of AI and robotics. Tesla said it earned $477 million in net income on $22.4 billion in revenue in the quarter that ended in April 2026. That's a 16 percent increase in revenue and a 17 percent increase in profits over the firs

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Tesla vehicles with the company's Hardware 3 (HW3) computer actually won't receive unsupervised Full Self-Driving (FSD), CEO Elon Musk said on Wednesday's Q1 2026 earnings call. Approximately 4 million Tesla vehicles operate on the HW3 platform, meaning that a significant chunk of Tesla owners - including customers that paid for the feature when they bought their cars - are now locked out of being able to use unsupervised FSD, which has been something Musk has been hyping for years, unless they

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