Tesla Burned Cash To Finance Massive AI Investments As First-Quarter Net Income Fell 55%

After Tesla reported disappointing production and delivery numbers for the first quarter, people expected the financial data to show a similar disaster. Although the first quarter marked a significant decrease in total revenue, Tesla held up better than most analysts estimated. This made Tesla shares jump more than 10% in the hours following the earnings call. Tesla didn't have a very good first quarter, as revealed last month by the... (continue reading...)