<p>Electric vehicle giant <strong>Tesla Inc</strong> (NASDAQ:TSLA) reported first-quarter financial results on Wednesday after market close. Here are the key highlights.</p><h2>Tesla Q1 Results</h2><p>Tesla reported first-quarter revenue of $22.71 billion, up 16% year-over-year. The revenue missed a Street consensus estimate of $22.39 billion according to data from Benzinga Pro.</p><p>Automotive revenue of $16.23 billion was up 16% year-over-year in the quarter.</p><p>Tesla's adjusted earnings per share of 41 cents beat a Street consensus estimate of 37 cents per share.</p><p>The company highlighted its progress made in infrastructure and AI, along with updates on FSD and robotaxis.</p><p>Robotaxi paid miles nearly doubled quarter-over-quarter in the first quarter.</p><p>&#34;Once in production, we expect that Cybercab will begin to replace the existing Model Y fleet and will be the largest volume vehicle in the fleet over time,&#34; The company said.</p><p>The company also highlighted robotaxis rolling out in additional cities in the recent week.</p><p>FSD subscriptions hit 1.28 million in the first quarter, up 51% year-over-year and up from 1.10 million in the fourth quarter.</p><p>The company said it had net new subscriptions for FSD in the first quarter.</p><p>Tesla ended the quarter with digital assets worth $786 million, made up primarily of <strong>Bitcoin </strong>(CRYPTO: BTC) holdings. This marks a significantly lower figure than the $1.01 billion in the fourth quarter, with the leading cryptocurrency trading lower in the first quarter.</p><p>Previously reported first-quarter production and deliveries were 358,023 units and 408,386 units, respectively.</p><figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-9-16 wp-has-aspect-ratio"><div></div></figure><h2>What's Next For Tesla</h2><p>Tesla said it expects volume production of the Cybercab and Tesla Semi &#34;this year.&#34; This is a change in the wording from the previous quarter, when both vehicles were listed to have production ramps in the first half of 2026.</p><p>The company said the first large-scale Optimus factory will begin in the second quarter, with a line designed for 1 million robots a year. This is the Fremont factory line that replaced production of the Model S and Model X.</p><p>Tesla is also preparing its Gigafactory Texas for the second-generation Optimus line, which will be able to produce 10 million robots annually in the long term.</p><p>&#34;We are excited about Tesla's positioning in 2026 with tailwinds persisting for the auto business, our continued progress on FSD 4, the ramp of Robotaxi, progress on Optimus ahead of mass production and the growth of our energy production capacity,&#34; the company said.</p><h2>Tesla Stock Price Action</h2><p>Tesla stock is up 3.4% to $400.80 in after-hours trading Wednesday versus a 52-week trading range of $244.43 to $498.83.</p><figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div></div></figure><p><em>Photo Courtesy: Mijansk786 on Shutterstock.com</em></p>

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<p>Tesla Inc (NASDAQ:TSLA) reported Q1 revenue of $22.71 billion, missing estimates of $22.39 billion, but adjusted EPS of 41 cents beat expectations of 37 cents. FSD subscriptions rose 51% year-over-year to 1.28 million. The company announced production timelines for Cybercab and Tesla Semi have softened, now expected this year instead of 2026. Tesla's stock rose 3.4% to $400.80 in after-hours trading.</p>

- Tesla Inc reported first-quarter revenue of $22.71 billion, a 16% increase year-over-year, but slightly missed analysts' expectations.  
- The company noted achievements in infrastructure, AI, and the growth of FSD subscriptions, which reached 1.28 million, a 51% increase year-over-year.  
- Tesla anticipates volume production of the Cybercab and Tesla Semi this year and saw a stock increase of 3.4% post-results, trading at $400.80.

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Tesla Q1: Revenue Miss, EPS Beat, FSD Hits Record, Semi & Cybercab Timelines Softened