Inquirer
NEW YORK, United States — Tesla reported higher first-quarter profits Wednesday, topping expectations as it confirmed plans for massive additional investments in autonomous transport, humanoid robotics and artificial intelligence. Elon Musk’s electric vehicle company reported profits of $477 million, up 17 percent from the year-ago period, while revenues jumped 16 percent to $22.4 billion. Tesla said it was on track to commence “volume production” of both its Cybercab and Tesla Semi this year, while also notching “record” new subscriptions of its Full Self-Driving (FSD) driver-assistance program. Shares initially ticked higher on the results in after-hours trading, but moved into negative […]... Keep on reading: Tesla reports higher profits, confirms hefty spending ahead
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