The acquisition comes after Tesla said new spending will go toward AI-related initiatives involving its robotaxi service and its Optimus humanoid.

As Tesla continues to showcase its humanoid robot Optimus in increasingly public settings, from the Boston Marathon to a Hollywood diner launch, CEO Elon Musk is finally outlining when the product could reach the real world—and what it will realistically be able to do at first.

Tesla is ramping up Optimus V3 production while Elon Musk keeps key robot upgrades secret to prevent competitors from copying the technology.

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.

The automaker said demand for its vehicles has rebounded from recent declines.

Tesla beat first-quarter earnings expectations with its fastest revenue growth in three years, but CEO Elon Musk struck an unusually cautious tone, delaying timelines for robotaxis and the Optimus robot. The company announced a sharp increase in 2026 ...

The stock market loves a clean story — growth company, value play, or cyclical rebound. Tesla (NASDAQ:TSLA) used to fit neatly into the first category: the high-octane EV disruptor rewriting the auto industry.