A logo for Tesla is seen on a vehicle at a Tesla facility Wednesday, April 15, 2026, in Portland, Ore. Jenny Kane/AP
Jenny Kane/AP
Tesla’s first quarter earnings beat Wall Street’s expectations, with profits coming in 16% higher than the first quarter of last year. The results briefly sent the company’s stock surging in after-hours trading.
But then CEO Elon Musk started off the quarterly earnings call with investors and analysts by reminding them that the company is planning significant expenditures. “We’re going to be substantially increasing our investments in the future,” he said, referring to the $25 billion the