Tesla's Profit Drop Prompts Musk to Offer Cybertruck and FSD Release This Year.

Tesla's Q1 2023 financial results show a 24% YoY drop in net income, with earnings per share down 23%. Despite increased sales, the company's margins have been affected by rising costs and fewer regulatory credits. However, Tesla's battery storage and solar operations grew revenue by 148% YoY, and the company is expanding its Supercharger network. CEO Elon Musk announced that Full Self Driving will emerge from beta status this year, and the first Cybertruck customers should receive their vehicles in Q3 of this year.