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Tesla reported first-quarter adjusted EPS of $0.41, which was $0.07 better than Wall Street expectations.
Tesla's first-quarter gross margin was 21.1%, exceeding the analyst forecast of 17.7%.
Tesla reported a 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, Tesla Semi, and mega cap products is scheduled to begin in 2026.
Tesla is currently installing the first-generation production lines for its Optimus humanoid robot.
Tesla has launched unsupervised robo-taxi rides in the cities of Dallas and Houston.
Tesla's full-year capital expenditure guidance is $20 billion, which does not include the cost of building its planned large-scale chip factory.
Tesla plans to replace its Model S and Model X production lines in Fremont, California, with its first-generation production line for the Optimus robot.
The first-generation Optimus robot production line in Fremont, California is being designed for an annual capacity of 1 million units.
Tesla is preparing its Gigafactory in Texas for a second-generation Optimus production line designed for a long-term annual capacity of 10 million units.
Tesla reported first-quarter revenue of $22.39 billion, slightly exceeding the Wall Street estimate of $22.19 billion.
Tesla reported seeing a rebound in vehicle demand in EMEA and North America.