Tesla Beats Earnings Estimates While Raising Capital Expenditure Forecast

Deep News04-23 21:02

Tesla reported first-quarter adjusted earnings per share of $0.41, surpassing market expectations of $0.37. However, the company's revenue fell short of forecasts. Automotive gross margin improved to 19.2%. Tesla also announced that capital expenditures are projected to be approximately $5 billion higher than previous guidance, and revealed plans to develop a large-scale Optimus robot factory.

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