Earnings live updates: Tesla stock jumps on earnings beat, Elon Musk says Optimus robots will be 'biggest product ever'

Tesla reported Q1 results that beat estimates, sending TSLA shares higher (~3%) as investors focused on both automotive sales and the company’s AI/robotics ambitions. Management revealed plans to begin mass-producing Optimus humanoid robots — a first-generation Fremont line sized for 1 million robots per year and a second-generation target of 10 million at Gigafactory Texas — and characterized Optimus as potentially the company’s “biggest product ever.” Tesla’s Q1 revenue was $22.39B vs. $22.08B consensus, adjusted EPS $0.41 vs. $0.35, and gross margin 21.7% vs. ~17.7% estimated. The report sits atop a broader, optimism-tinged earnings week (S&P 500 expected to post double-digit earnings growth) even as geopolitical risks and Fed uncertainty present headwinds. Market impact: Tesla’s beat and bullish commentary on robotics provide near-term upside and reinforce AI-related narrative, but broader market moves remain tied to upcoming Big Tech reports and macro risks.