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Tesla reported Q1 revenue of $22.4 billion, up 16% year over year.
Tesla launched unsupervised robotaxi rides in Dallas and Houston in April 2024.
KEY POINTS
- Tesla's Nevada facility is being prepared for Semi production, focusing on expanding battery and lithium supply chains.
- Megachargers and heavy-duty charging infrastructure are being deployed with the Semi rollout for freight electrification.
- Software revenue, especially Full Self-Driving, significantly contributed to increased overall profitability in Q1.
- Executives expect meaningful autonomous vehicle revenue contribution to begin in 2027, not earlier.
COMPANIES
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