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Tesla Inc. reported first-quarter earnings that beat Wall Street’s estimates, a sign profitability is holding up as the electric-vehicle maker invests in new business lines around robotics and driverless cars.
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Adjusted earnings per share were 41 cents in the period, the company said Wednesday in a statement, higher than the 34-cent average of analyst estimates compiled by Bloomberg. It’s the second straight quarter Tesla’s earnings have exceeded expectations. A one-time warranty and tariff-related boost, along with higher vehicle prices, contributed to the profit.
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The results are an encouraging sign after Tesla reported sluggish vehicle sales in the first three months of 2026. The company is working to ramp up production of cars, batteries and robots across half a dozen plants, according to plans chief executive Elon Musk outlined in January. The company said then that it expected to commit US$20 billion this year to capital expenditures, more than double last year’s total.
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The shares rose 3.3 per cent at 4:09 p.m. after the close of regular trading in New York.
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Tesla also reported positive cash flow of US$1.4 billion, far outpacing analysts’ expectation for cash burn of nearly US$1.9 billion.
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