Overview
- Tesla reported $22.4 billion in first-quarter revenue that missed forecasts, but earnings topped expectations.
- The company built 408,386 battery-electric cars and delivered 358,203, the widest gap since at least 2019.
- Gross profit per vehicle rose to $9,558, up from $8,000 in the prior quarter.
- EBITDA per delivery improved for a second straight quarter to $10,245.
- Investors are fixated on planned big spending for AI projects and new capacity as Tesla faces tougher EV rivals such as BYD.