Benzinga Readers' Predictions For Tesla Q1 Earnings Results, Musk's Announcements
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Tesla shares rose in after-hours trading despite missing Q1 earnings estimates. The company reported revenue of $19.34 billion, below the expected $21.35 billion, and earnings of 27 cents per share, down 40% year-over-year. CEO Elon Musk's announcements during the earnings call, including reduced time at the Department of Government Efficiency and updates on the Robotaxi launch, boosted investor sentiment. A Benzinga poll indicated that 68% of users predicted the earnings miss. Tesla stock was up 5.62% at $51.35 after-hours.
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