Tesla profit jumps 17% in Q1 as car sales surge
Tesla's profit rose in the first quarter as its car sales rebounded from a sharp slump in 2025.
The electric vehicle maker said it earned $477 million in the quarter, up 17% from a year ago.
The results topped Wall Street expectations.
Revenue rose to $22.39 billion, led by a 16% jump in automotive revenues.
CEO Elon Musk has repeatedly said that Tesla’s future lies less in selling cars than getting people to take rides in them as self-driving taxis.
Tesla Pivots to AI and Robotics
- Tesla profits rose in the first quarter as Musk teases debut of new Roadster ABC News —
- Tesla boosts spending plan to $25bn in AI, robotics push Irish Times —
- Tesla lifts spending plans as Musk funds AI and robotic dreams 📹 Reuters — · 1min
- Elon Musk plans to use Intel’s 14A for Terafab AI chips Times Of India —
- Tesla leans on AI and robotics as earnings fail to woo investors City AM —