Tesla has begun producing its long-awaited humanoid robot, Optimus, at its Fremont factory, the company said in its quarterly earnings report. "The bots coming off this line are the first production-quality bots that we have manufactured," Tesla said. Tesla is competing in a crowded humanoid market. Agility Robotics, which plans to go public, has deployed its Digit robot across nine customer facilities, while Figure AI has announced deployments in logistics and distribution centers this year. Sunday Robotic ...

Elon Musk's Tesla beat Wall Street estimates for third-quarter revenue on Wednesday as a rebound in vehicle deliveries and growth in its energy storage unit lifted sales, even as heavy spending on AI and robotaxis weighed on profit. Its shares rose more than 1% in extended trading. The Austin, Texas-based automaker reported revenue of $28.05 billion for the three months ended Sept. 30, compared with analysts' average estimate of $27.88 billion, according to data compiled by LSEG. Revenue was $28.10 billion ...

The possible marriage of Tesla (TSLA +1.53%) and Space Exploration Technologies (SPCX -0.11%) is getting serious attention now that Elon Musk, CEO of both companies, has confirmed that each has formed committees of independent directors to explore a potential merger. Musk isn't participating in the discussions because his ownership interests in both companies create a conflict of interest. And while he cautioned a merger isn't guaranteed, the logic behind combining these two mammoth companies is difficult t ...