Tesla beats earnings expectations as Musk pivots automaker to AI and robots

While company reported positive cash flow and earnings of 41 cents a share, its missed its mark on reported revenue

Tesla reported its first-quarter earnings on Wednesday, disclosing better than expected results.

The report slightly boosted the company’s share price, which has limped along this year while its CEO, Elon Musk, has tried to sell the company’s new vision of humanoid robots and self-driving robotaxis.

Its core car business has struggled in the face of competition from Chinese counterparts and backlash against his close involvement with the Trump administration.

“There remains significant effort and hard work to realize our mission of Amazing Abundance,” Tesla said in its report, while claiming that demand for its vehicles was rebounding.