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Tesla Q1 revenue rises, driven by EV sales and FSD subscriptions - TechCrunch
Overview
Tesla reported year-over-year increases in Q1 revenue and profit, driven largely by stronger automotive revenue and growth in Full Self-Driving subscription activity, while continuing heavy investment in robotics and AI. Operating expenses rose significantly as R&D and strategic bets increased, and a small recall adds warranty costs. Ferrari’s very expensive Luce underlines that demand for EVs may be bifurcating—Tesla’s mass-market strength and subscription revenue coexist with a separate luxury market where high-priced electric models can still find buyers even as broader U.S. EV interest softens.
Entities
ORGTechCrunchORGTeslaORGFull Self-Driving (Supervised)
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