Tesla Inc (NASDAQ:TSLA) reported mixed financial results for the first quarter, exceeding expectations on profit but falling short on revenue. The EV-maker reported adjusted earnings per share of $0.41, above the $0.37 expected by analysts.
Ed Ludlow gives us a first read on Tesla's first-quarter earning which beat Wall Street estimates. Adjusted earnings per share were 41 cents beating the estimate of 34 cents.
Tesla shares surged as the company reported first-quarter results that topped Wall Street expectations, signaling resilience in profitability even as vehicle sales came in softer than anticipated and the company prepares for a sharp increase in investment. Adjusted earnings per share came in at 41 cents, ahead of the 34-cent average estimate compiled by Bloomberg.
Wedbush Securities' Dan Ives and Requisite Capital's Bryn Talkington join 'Closing Bell' to discuss if investors care about Tesla's quarterly earnings results, the company's credibility test and much more.
Tesla recently expanded its robotaxi service in Dallas and Houston.
Tesla reported first-quarter revenue that missed Wall Street estimates on Wednesday as the expiration of tax credits for EV purchases in the United States hurt demand for electric vehicles made by the Elon Musk-led automaker.
Live Updates The analyst who called NVIDIA in 2010 just named his top 10 AI stocksWall Street is pouring billions into AI, but most investors are buying the wrong stocks. The analyst who first identified NVIDIA as a buy back in 2010 - before its 28,000% run - has just pinpointed 10 new AI companies... Live: Will Tesla Soar After Announcing Q1 Earnings?
While Tesla faced several speed bumps last year, many investors overlooked a mounting problem that appears to be getting worse.
Characteristics and Risks of Standardized Options: Click Here Tesla (TSLA) bulls hope to see more innovation on AI and robotaxi in Wednesday's earnings after the closing bell. Bears have concerns on the valuation and EV sales.
Tesla Inc. (NASDAQ:TSLA) reports Q1 earnings after Wednesday's closing bell — and one market watcher isn't impressed with what's coming.
Tesla's (TSLA) core business is facing issues with its EV inventory build-up, says Hatem Dhiab, as customers in Europe and the U.S. seem to have their eyes on related automobiles. Another issue he has with the Mag 7 company: a lack of execution on AI and robotaxi promises made years ago.
Elon Musk's SpaceX just made another big AI play.