Figures fail to significantly buoy stock as firm admits ‘significant effort and hard work’ needed to achieve goals

Optimus is a bipedal, autonomous humanoid robot designed for various tasks, from factory work to household duties. Tesla plans to convert part of its Fremont, California factory from car production to an Optimus robot factory. Tesla CEO Elon Musk predicted its Optimus robot will soon be his company's most important product.

Tesla is veering away from its legacy EVs toward building robots By Abhimanyu Ghoshal January 29, 2026 Tesla believes its Optimus humanoid robot will be the first big step towards its AI and robotics-focused future Tesla View 5 Images View gallery - 5 images

Thu, March 12, 2026 at 2:52 PM UTC Tesla (NASDAQ:TSLA) shareholders are hanging in there after the latest 17% descent from recent highs, and a lot of it is likely due to the tremendous promise offered by the future of robotics and robotaxis. Undoubtedly ...

In addition to financial figures, Tesla’s (TSLA) latest earnings report also brought details about the company's plans for the coming months and years. This includes a strong push into robotics, with Tesla estimating that it’ll eventually be able to produce 10 million Optimus robots per-year at its Texas Gigafactory.

UBS’s upgrade to Hold from Sell reduces near-term downside pressure into 4/22, while the market is already pricing AI/robo-taxi as the valuation driver. The stock’s recent drawdown plus “high volatility” framing sets up a post-earnings re-rating if deliveries hold and management reiterates robo-taxi expansion timelines and robotics scaling (Shanghai “golden key” narrative).

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

The rollout of Tesla’s fledgling robotaxi business is going more slowly than expected, several Wall Street analysts said, following an uncharacteristically downbeat update from CEO Elon Musk. Julian Satterthwaite reports.