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Tesla profits rose in the first quarter after a tough year for its car business [Yahoo! Finance Canada]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The electric vehicle maker said it earned $477 million in the quarter, up 17% from a year ago. Earnings per share totaled 13 cents. Adjusted for certain items, per share earnings were 41 cents, topping Wall Street estimates of 36 cents. Revenue rose to $22.39 billion, led by a 16% increase in automotive revenues. CEO Elon Musk has repeatedly emphasized that Tesla's future lies less in selling cars than getting people to t s self-driving taxis, and for homes and businesses. Tesla said robotaxi miles doubled in the first quarter compared to the fourth quarter of last year. Tesla hopes to expand its robotaxi services in major cities this year. It also has begun making its so-called Cybercabs without pedals or wheel. Shares rose nearly 4% in after-hours trading. Bernard Condon, The Associated Press
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- Is This Overlooked EV Maker the Next High-Flying Tesla? Hint: There's Definite Upside. [Globe and Mail, The (Toronto, Canada)][Globe and Mail, The]
- Tesla just increased its capex to $25B. Here's where the money is going. [Yahoo! Finance][Yahoo! Finance]
- Elon Musk says Tesla's Optimus robot could be its 'biggest product ever' [USA TODAY][USA TODAY]
- US stocks are moving higher ahead of Tesla's Q1 earnings [Yahoo! Finance][Yahoo! Finance]
- Stock market today: Dow, S&P 500 and Nasdaq futures slide as US-Iran uncertainty persists, Tesla slips after-hours [Yahoo! Finance Canada][Yahoo! Finance Canada]
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