Tesla surpassed profit expectations with a 17% year-on-year profit increase to approximately $2.17 billion, although revenue slightly missed forecasts at $25.2 billion. Elon Musk announced plans to produce up to four million Robotaxis annually by 2026, while the company delivered nearly 463,000 vehicles last quarter, primarily Models 3 and Y. Despite ongoing skepticism about fully autonomous vehicles, investor enthusiasm surged, boosting shares by 12%.
