$Tesla(TSLA.US) Q1 Earnings Report

• Revenue $22.4B vs. expected $22.2B

• Earnings per share (EPS) $0.41 vs. expected $0.35

• Gross margin 21% vs. expected 18%

• Free Cash Flow (FCF) $1.4B vs. expected (-$1.9B)

Key developments:

• Cybercab, Tesla Semi, and Megapack 3 are all on schedule to begin mass production in 2026.

• Preparations for the first large-scale Optimus factory will begin soon in Q2.

• Holds the largest cash balance in history, approximately $45B.

• Increasing capital expenditures in batteries, AI training, chips, and manufacturing to drive higher future revenue.

Overall still impressive: demonstrates the company's strong execution and long-term growth potential.