Tesla beats Q1 earnings estimates

Tesla's latest financial results have provided a boost to the electric vehicle maker's stock after a challenging start to the year.

Adjusted earnings per share came in at 41 cents, beating the analyst estimate of 34 cents, even as the core automotive business faced pressure from lower-priced competitors.

The company is increasingly focusing on its robotaxi service and AI initiatives to drive future growth.

Investors remain focused on whether these long-term bets can justify Tesla's premium valuation in a maturing EV market.