# The electric vehicle maker run by billionaire Elon Musk said it earned $US477 million ($A666 million) in the quarter, up 17 per cent from a year ago.

*business · news · 2026-04-22 · PerthNow*

## Key points

- Tesla's robotaxi miles doubled in Q1 2026 compared to Q4 2025.
- Tesla has started producing 'Cybercabs' without pedals or wheels.
- Elon Musk announced Optimus robot factory breaking ground in Texas, aiming for 10 million units annually.
- Tesla's capital expenditures rose 67% year-on-year to $2.5 billion last quarter.

**Companies:** Tesla
**Countries:** United States, China

[Read the full story on PerthNow](https://www.perthnow.com.au/news/business/tesla-profits-rises-in-q1-as-musk-teases-roadster-debut-c-22180165)

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