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Tesla Q3 net profit falls 43%; Musk says Optimus will be delivered externally next year, with output of 20,000 units per week by end of 2027

Tesla reported Q3 2026 revenue of $28.046 billion and net profit of $787 million, down 43% year over year. On the earnings call, Musk said Optimus has entered production on a line at the Fremont factory and is expected to be delivered to external customers by the end of next year, reaching an output rate of 20,000 units per week by the end of 2027. He also said an "Optimus Academy" will let the robots observe human tasks and practice repeatedly in simulation and reality to form a reinforcement-learning flywheel, and that the AI 5 chip will be integrated into Optimus around April next year.

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