Tesla profits rise amid AI push

Tesla's first-quarter earnings showed resilience with $477 million in net income, despite missing revenue targets due to pricing pressure.

The company is pivoting heavily toward an AI-driven future, with Musk promising the debut of a new Roadster and the production of the Optimus humanoid robot.

However, investors remain cautious as the company projects negative free cash flow for the remainder of the year to fund these ambitious projects.

Musk also admitted that older Tesla models with Hardware 3 will require upgrades to achieve full unsupervised autonomy.