Tesla’s net income fell 43% to $787 million in the third quarter, while revenue remained flat at $28.05 billion. Research spending increased 69% to $2.76 billion and capital expenditures more than doubled to $4.73 billion as car deliveries declined by about 2%. The company began producing the Optimus humanoid robot at its Fremont, California, factory, and Musk is targeting 20,000 units per week, a goal that will take at least a year. Tesla aims to offer the Cybercab to customers by the end of 2026 despite an ongoing federal safety audit, with sworn responses to regulators due on October 30.
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