#Revenue

Rivian’s revenue is up as R2 production kicks into gear

We’ve already got Rivian’s production and delivery statement from the first three months of the year. But its automotive profits recorded a loss of $62 million, compared to $92 million in gross profits in the same quarter in 2025, due primarily to the $100 million decrease in sales of automotive regulatory credits and lower production volumes. The company announced its plans to design its own AI chips and add lidar sensors to future R2 models to help power fully autonomous driving.

Tesla’s revenue rises again as it prepares for more AI and robotics

Technology

The Verge•Apr 22

Tesla’s revenue rises again as it prepares for more AI and robotics

Tesla released its 2026 first-quarter financial earnings today, providing another look at the progress of Elon Musk’s $1 trillion bet to transform his company into a leader of AI and robotics. “The first-generation line, designed for 1 million robots a year, will replace the Model S and Model X lines in Fremont,” Tesla said. ” Following Musk’s announcement in January that Tesla was “restarting work” on its Dojo 3 supercomputer — which Musk noted at the time will be “space-based AI compute” — the earnings update deck said that Tesla is “continuing” its work on the project.