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Tesla reported first-quarter adjusted EPS of 41 cents, beating the consensus estimate by 7 cents.
Tesla's first-quarter gross margin was 21.1%, exceeding the forecast of 17.7%.
Tesla reported a positive first-quarter free cash flow of $1.44 billion, significantly outperforming the consensus estimate of a negative $1.86 billion.
Tesla announced that production for its CyberCab and Tesla Semi vehicles is scheduled to begin in 2026.
Tesla reported seeing a rebound in vehicle demand in EMEA, North America, Africa, and emerging markets, along with continued growth in APAC and South America.
Tesla trades at a forward earnings multiple of 183x, significantly higher than the approximate 30x multiple for other "Mag7" technology companies.
Tesla's stated full-year capital expenditure guidance of $20 billion does not include the potential costs of building its own large-scale chip factory.
Tesla plans to replace its Model S and Model X production lines at its Fremont, California factory with a new line for the Optimus robot, designed to produce 1 million units per year.
Tesla is preparing its Gigafactory Texas for a second-generation Optimus production line with a long-term target capacity of 10 million robots annually.
Tesla's first-quarter revenue was $22.39 billion, slightly higher than the street's forecast of $22.19 billion.
Tesla is currently installing the first-generation production lines for its Optimus humanoid robot.
Tesla received regulatory approval for its Full Self-Driving (FSD) technology in the Netherlands in April.