Tesla Starts 'Robotaxi' Production
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Tesla reported first-quarter earnings after Wednesday's closing bell. While cars are still the company's big moneymaker, investors have become increasingly interested in the company's robotaxi and humanoid-robot ambitions.
CNBC takes a ride with a Tesla Model Y owner in New York City to see how he uses Grok and how it integrates into Tesla's Full Self-Driving (Supervised).
Tesla's profit rose in the first quarter as its car sales rebounded from a sharp slump in 2025. The electric vehicle maker said it earned $477 million in the quarter, up 17% from a year ago.
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Tesla's Cybercab Pilot Production Is Underway. Is the Stock a Buy Ahead of a Potential Sales Surge?
Don't get too excited. It's going to take some time for production to ramp up.
Tesla began rolling out xAI's Grok AI chatbot in its cars in July 2025, which is still in beta mode. Tesla is not the only automaker adding AI assistants to vehicles. Volvo, Rivian, Mercedes, BMW and others are all integrating AI into their cars even though the tech is still in its infancy.
Tesla's earnings beat estimates. But TSLA stock slipped into the red after hours as Elon Musk gave timeline updates and warned of a big capex spike.
Tesla's profits were up from this time last year. But the company warned investors to prepare for expensive investments in next-generation technology like humanoid robots and AI.
If Tesla’s unnamed new compact SUV lives up to its rumored specs, it could indeed be a worthy investment for shoppers on a budget, like retirees. Home charging would be exceptionally cheap and even public charging would offer significant savings when compared to a gas car.
After 14 years, the Model S is bowing out. But the car industry it helped create will continue living in its shadow even after it's discontinued.