Overview
- Telsa, which announced the move Thursday, will hire about 1,000 people in Grünheide by June to raise weekly Model Y output roughly 20% from the third quarter to about 6,000 cars.
- In Wednesday’s results, revenue rose 16% to about $22.4 billion and net income hit $477 million as deliveries climbed 6.3% to 358,023 vehicles with demand recovering in Europe and North America.
- Chief financial officer Vaibhav Taneja said 2026 spending will exceed $25 billion for AI, robotaxis, humanoid robots, and semiconductors, and the stock’s early gain faded as investors questioned near-term payoffs.
- Production still ran ahead of demand in the quarter, with 408,386 vehicles built versus 358,023 delivered, which points to rising inventories even as vehicle margins improved.
- Dutch regulators approved a supervised version of Tesla’s Full Self‑Driving in April, a limited green light that could help EU expansion of the service while fully driverless operation remains restricted.