Tesla Q1: robotaxi progress, timeline murky

Tesla reported a stronger Q1 profit and said paid Robotaxi miles nearly doubled sequentially in the quarter. (assets-ir.tesla.com) The company said GAAP net income rose to about $477 million and revenue was $22.39 billion in Q1 2026. (apnews.com) Tesla’s Q1 update says “paid Robotaxi miles nearly doubled” and that unsupervised Robotaxi rides launched in Dallas and Houston in April. (assets-ir.tesla.com) Tesla told investors Full Self-Driving (FSD) now has nearly 1.3 million paid customers globally and the Netherlands granted approval for FSD (Supervised) in April. (news.alphastreet.com) Chief executives said Tesla will sharply increase 2026 capital expenditures to more than $25 billion to fund AI, chips and robotics, a shift management emphasized on the April 22 call. (techcrunch.com) (news.alphastreet.com) Tesla had earlier signaled a seven‑city H1 2026 expansion; the Q1 materials now label Phoenix, Miami, Orlando, Tampa and Las Vegas as “preparations underway” rather than firm launches. (robotaxi-safety-tracker.com) (electrek.co) Data and reporting show availability was thin after the Dallas and Houston launches, with Electrek finding near‑zero vehicle availability in the first days. (electrek.co) Elon Musk said on the April 22 call there have been “no accidents or injuries” in the unsupervised Robotaxi program to date. (news.alphastreet.com) Tesla’s Q1 update also said Cybercab production lines and a pilot Optimus humanoid line are being prepared, and that Cybercab is expected to replace the Model Y in the fleet over time. (assets-ir.tesla.com) Paid Robotaxi miles climbed, but Tesla’s Q1 materials and analysts point to regulatory review, validation work and shifting rollout language as reasons the company did not provide firm consumer launch dates for the remaining cities. (assets-ir.tesla.com) (electrek.co)