Tesla Profits Rise 17%

Tesla's first-quarter earnings showed a 17% rise in profit, reaching $477 million as the electric vehicle maker began to recover from a difficult 2025.

Revenue grew to $22.4 billion, though it fell short of some forecasts due to a widening gap between production and deliveries.

CEO Elon Musk emphasized the company's shift toward autonomous driving technology and robotics, viewing the R2 SUV as a key milestone for scaling real-world data.

Investors reacted positively to the surprise free cash flow, sending shares higher in aftermarket trading.