Tesla’s Q1 Performance Shows Mixed Results
Tesla (NASDAQ: TSLA) reported first-quarter deliveries of 358,203 vehicles, falling short of the 408,386 units produced, marking the largest production and delivery gap since 2019. Revenue was reported at $22.4 billion, slightly below market expectations. However, net profits per vehicle increased to $9,558, an improvement from the previous quarter’s $8,000.
Despite the competition, Tesla’s electric vehicle business remains strong with EBITDA per delivery rising to $10,245. The company’s upcoming capital expenditures exceeding $25 billion for projects like robotaxis and AI initiatives appear more manageable as profitability stabilizes.
