Overview
- Tesla, which reported results Wednesday, posted adjusted earnings of $0.41 a share on about $22.4 billion in revenue as the stock rose roughly 3% after hours.
- Free cash flow came in near $1.4 billion, surprising analysts who had braced for a shortfall.
- Vehicle deliveries reached 358,023, up about 6% from a year ago yet below recent peaks as weaker demand and rising Chinese competition pressure the core auto business.
- Energy generation and storage revenue fell roughly 12% year over year, removing a recent offset to softer auto trends.
- Management is pivoting investment to AI and robotics, with quarterly capex around $2.5 billion and plans for AI compute and in‑house chips including the Terafab effort, plus new Optimus robot production near Texas and an added line in Fremont.