Keep pulling the thread on Instant Reaction.
Tesla reported first-quarter adjusted earnings per share of $0.41, which was $0.07 better than street expectations.
Tesla's first-quarter gross margin was 21.1%, exceeding the forecast of 17.7%.
Tesla reported first-quarter free cash flow of $1.44 billion, significantly exceeding the consensus estimate of a negative $1.86 billion.
Tesla stated that its CyberCab and Tesla Semi products are on schedule for production in 2026.
Tesla is currently installing the first-generation production lines for its Optimus humanoid robot.
Tesla's full-year capital expenditure guidance of $20 billion does not include the potential costs of building its own chip factory.
Tesla plans to replace its Model S and Model X production lines in Fremont, California, with a first-generation Optimus line designed for an annual capacity of one million robots.
Tesla is preparing its Gigafactory Texas for a second-generation Optimus production line with a long-term design goal of 10 million robots per year.
Tesla's first-quarter revenue was $22.39 billion, slightly higher than the street estimate of $22.19 billion.
Tesla reported continued vehicle demand growth in APAC and South America, and a rebound in demand in emerging markets, Africa, and North America.
In April, Tesla received approval for its Full Self-Driving technology in the Netherlands.
Tesla has launched unsupervised robotaxi rides in the cities of Dallas and Houston.