Tesla says rising gas prices have boosted interest in its electric vehicles. The surprisingly optimistic comments came weeks after the automaker reported lower-than-expected car sales to start the year and as it pivots its focus to AI and robotics.
Tesla on Wednesday said it's ramping spending on AI. That could be a sign of what's to come when a slew of Big Tech companies report results next week.
The company plans to replace old vehicle computers in a plan that one analyst said seemed “expensive and perhaps not even sensible.”
Tesla Inc (NASDAQ:TSLA)'s first quarter earnings report drew a generally positive, though measured, response from analysts at Bank of America and Wedbush, who highlighted stronger-than-expected automotive margins and continued investment in autonomy and artificial intelligence as central to the company's outlook. Bank of America highlighted upside in Tesla's core automotive business as the primary driver of the earnings beat.
Someday you may not be able to actually drive your Tesla—unless you pay up for the privilege.
Tesla delivered a stronger-than-expected first-quarter performance, but the market reaction underscored a growing disconnect between near-term results and longer-term expectations tied to its artificial intelligence ambitions. The company reported earnings per share of 41 cents, beating Wall Street estimates of 34 cents, according to Bloomberg data.
Tesla posted a surprise $1.44 billion in free cash flow in the first quarter.
It appears SpaceX will incent Elon Musk like Tesla does.
TSLA tops Q1 estimates with 52% EPS growth and rising revenues, as services, FSD and Robotaxi efforts increasingly shape its evolving business mix.
The stock market loves a clean story — growth company, value play, or cyclical rebound.
Shares of Tesla (NASDAQ:TSLA | TSLA Price Prediction) are down 4% in Thursday morning trading, changing hands near $370 after the electric vehicle maker's Q1 2026 report.
Elon Musk told investors that older Teslas can't drive autonomously, despite earlier promises to buyers.