Tesla Makes Major Moves Amid Stock Volatility

Tesla is planning several major moves amid stock volatility and declining profits.

The company is moving full-speed ahead into Robotaxi and humanoid robot production, it announced in its first-quarter earnings report for 2025.

"We remain on track for pilot launch of Robotaxi in Austin by June and builds of Optimus on our Fremont pilot production line in 2025, with wider deployment of bots doing useful work across our factories," the report says.

The company added, "Our purpose-built Robotaxi product – Cybercab – will continue to pursue a revolutionary 'unboxed' manufacturing strategy and is scheduled for volume production starting in 2026."

Optimus is Tesla's humanoid robot. The company also stressed its interest in autonomous vehicles (self-driving), writing, "Model 3, Model Y and Cybertruck now drive autonomously – without human supervision – from the production line to the outbound logistics lot at our U.S. factories."

In addition, the company wants to develop more affordable options. "Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025," the Tesla report says.

The changes come amid controversies surrounding Musk's involvement in government and politics.

According to CNBC, the company's stock has dropped 44% "for the year thus far after wrapping its worst quarter since 2022 in March." Tesla stock dropped 6% on April 21, 2025, but rose the next day when the company announced its first-quarter earnings report, and Musk indicated he was going to devote less time to his government efficiency efforts.

Tesla's "total revenue decreased 9%" over the same time frame last year to $19.3 billion, according to that report. The company said that revenue was impacted by a  "decline in vehicle deliveries, in part due to the Model Y update across all four vehicle factories," and "reduced vehicle average selling price (ASP) (excl. FX impact 1 ), due to mix and sales incentives," as well as other factors like "higher regulatory credit revenue."

Automotive revenue was down 20%, the report says.

According to Investors.com, Musk indicated that the company may offer 10-20 Model Y robotaxis at its Austin, Texas, launch.

Musk also weighed in more on "autonomous driving," according to Investors.com, and he revealed there would likely need to be a "localized parameter set" because it wouldn't be as easy to drive in a Northeastern "blizzard."

"I feel confident predicting large-scale autonomy around the middle of next year, certainly the second half of next year," Musk said, according to Investors.com.

Related: Tesla Cybertruck Involved in First Reported Crash With Toyota Corolla