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Tesla begins production of Optimus humanoid robots but Q3 profits drop 43% amid rising costs.

Company Fundamentals
21 Oct 2026
TechCrunch
View Source
Bearish
Tesla begins production of Optimus humanoid robots but Q3 profits drop 43% amid rising costs.

Tesla has started producing its Optimus humanoid robots at its Fremont factory, marking a key step toward commercializing the technology. Despite this progress, Tesla's third-quarter earnings fell sharply, with profits down 43% due to increased spending on AI, autonomous driving, and the Optimus project. Revenue remained flat at $28 billion, driven mainly by electric vehicle sales, while the solar and energy storage segment declined 16%. Tesla's services business grew 33%, but overall expenses outpaced income, highlighting the company's heavy investment phase.

Tesla's market cap stands at $1.48 trillion with a trading volume of over 30.7 million shares as of Oct 22, 2026, 03:41 WIB. Despite the reported 43% profit drop, Tesla's stock price on Pluang rose 4.81% to USD 391.70, reflecting active investor interest. The typical hold time for Tesla shares on Pluang is 88 days, indicating a moderate-term investment horizon among users.

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