Tesla bets big on robots and robotaxis as Q1 profits rise
TL;DR Summary
Tesla posted a Q1 profit of $477 million on $22.39 billion in revenue (below expectations) as car sales rebounded; CEO Elon Musk outlined a hefty investment push into self‑driving taxis, humanoid robots (Optimus) and AI infrastructure, with capital expenditure forecast above $25 billion this year, signaling a shift toward services and automation even as traditional EV sales slow and competition heats up.
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- Tesla Just Shocked Wall Street With $22.4 Billion in Revenue. Here Are 3 Other Takeaways From the EV Giant's Latest Quarterly Results. Yahoo Finance
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- Tesla's stock surrenders gains after earnings. Here's what to know. MarketWatch
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