Tesla CEO Elon Musk delivered a more subdued tone during the company's first-quarter earnings call, emphasising the need for patience during the call. He warned that new products such as CyberCab and Semi could result in slow initial production for these products. However, he also downplayed expectations for the release of the Gen 3 version of Optimus, a complete overhaul of the current system, making even version 14.3 obsolete. Despite this, Musk remained optimistic about the future of the company, stating that the company would begin production in the first half of 2026 and have enough capacity to make 1 million robots annually. Despite missing analyst revenue expectations, Tesla delivered a 16% increase in auto revenue to $16.2 billion from $14 billion the previous year. The company also announced that 2026 capital expenditures will exceed $25 billion.