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Tesla Inc. reported first-quarter earnings that beat Wall Street’s estimates.
Tesla's adjusted Q1 earnings per share were 41 cents, surpassing the 34-cent analyst estimate.
KEY POINTS
- A one-time warranty and tariff benefit, plus higher vehicle prices, boosted Tesla's profit.
- Tesla reported $1.4 billion positive cash flow, defying analysts' forecasts of a $1.9 billion cash burn.
- The company expects to spend $20 billion in capital expenditures this year, more than doubling last year's total.
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