Musk said Robotaxi is expected to significantly contribute to revenue by 2027, and humanoid robots will be delivered to external customers by the end of 2027
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During the third-quarter earnings call, Tesla disclosed the latest progress on key projects such as autonomous driving, humanoid robots, and chip manufacturing. The Robotaxi service is set to launch in Dallas next month and gradually expand its coverage. The Austin Cybercab fleet will expand to 10 times its initial size about a month after its launch. By the end of the third quarter, the cumulative unsupervised driving mileage had approached 2 million miles, with the business expected to significantly contribute to revenue and profit by 2027. The Cybercab has about 50% fewer parts than other models and plans to deliver a small number of vehicles for personal purchase by the end of 2026, initially mainly for its proprietary fleet. Mass production of the Optimus humanoid robot is still in its early stages, with issues such as design, AI capabilities, and durability yet to be resolved, and deliveries to external companies are expected to begin by the end of 2027. Currently, Tesla is advancing production line construction and establishing a robot academy for training, but the scale of external orders and revenue targets remain unclear. FSD is a key factor driving demand for Tesla vehicles, with over 75% of new cars in North America equipped with the FSD Supervised subscription service. By the end of the third quarter, the number of subscribers had reached 1.74 million, up 67% year-on-year, with estimated annual recurring revenue approaching $1 billion. Tesla plans to seek EU approval for FSD in the coming months, with approval expected by the first quarter of 2027 at the latest, and will introduce new AI map navigation architecture-related features in the V15 software version. In chip manufacturing, the Austin Terafab factory plans to commission equipment in the first half of 2027, produce its first test chips by mid-year, and achieve practical chip mass production around the third quarter of 2028. By early 2028, related capital equipment investments will reach tens of billions of dollars, with long-term cumulative investments potentially exceeding $100 billion. Tesla expects capital expenditures to be around $20 billion in 2026, with continued increases in the coming years, while reaffirming its goal of producing 5 million vehicles annually by around 2030.