These expansion goals follow Q3 results where free cash flow of $1.53 billion beat the projected $4.99 billion loss, and adjusted earnings per share hit $0.48 against a $0.44 estimate. Annual recurring revenue from autonomous subscriptions crossed $1 billion for the first time on 1.74 million users. CEO Elon Musk stated that vehicle demand currently exceeds production, leading to the largest passenger backlog in four years, and set a long-term target of 5 million vehicles per year by 2030. The company has also entered volume production of the Tesla Semi and nearly sold out its 2027 Megapack capacity.
Thursday, October 22, 2026
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Tesla Schedules November Dallas Robotaxi Debut and 1M Unit Optimus Goal
Tech3 hours ago
The electric-car manufacturer will introduce an autonomous ride-hailing service in Texas to test scaling before a wider rollout, with expectations that the fleet will impact profits by early 2027. Tesla plans to launch Cybercab rides in Dallas in November 2026 and is targeting 24 hour operations by the end of that year. In Fremont, the company has installed production lines designed to build 1 million Optimus humanoid robots annually, while simultaneously expanding its Full Self-Driving software into nine European countries. Additionally, Tesla expects to produce its first test chips from the Austin Terafab in mid-2027.
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