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.
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