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Tesla's Q1 Surge: Robotaxis & Home Robots

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Teslas Q1 performance surges with a 17% profit increase, beating earnings expectations, and a 16% rise in automotive sales. Elon Musk emphasizes the companys focus on robotaxis and home robots, with robotaxi miles doubling and Cybercabs in production. Teslas shares rise after hours, reflecting investor confidence in the companys shift towards self-driving tech.

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Tesla's Q1 Surge: Robotaxis & Home Robots

Canada News Today | 2 Min News | The Daily News Now!

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Canada News Today | 2 Min News | The Daily News Now!Tesla's Q1 Surge: Robotaxis & Home Robots. Machine-transcribed; use the interactive transcript above to jump the player to any line.

It's April 22nd. This is Canada News Today, powered by AI. I'm Cory with the story. Tesla just dropped some solid numbers for the first quarter, bouncing back from their rough patch in 2025. Profits hit $477 million, a 17% jump from last year. Earnings per share came in at 13 cents, and adjusted, they beat expectations at 41 cents against Wall Street's 36th guess. The new climb to $22,390 million, mostly thanks to automotive sales jumping 16%. It's a clear sign the electric car giant is regaining momentum after the sales dip. Elon Musk keeps pushing the big picture, saying Tesla's real game is robo-taxes and home robots, not just cranking out vehicles. Investors are tuning into that vision, as the company shifts gears beyond traditional cars. Wall-a-taxi miles double from last year's fourth quarter, and they're gearing up to roll out services in big cities this year. Plus, they started building those pedal-free cybercabs for fully autonomous rides.

After hours, shares popped nearly 4%, showing the markets buying into Tesla's pivot toward the future of self-driving tech.

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