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Teslas Q1 earnings show solid growth, with revenue up 16% and net income at $477M. Free cash flow doubled to $1.44B, and FSD subscriptions surged to 1.28M. Despite missing delivery targets, shares surged 4% in after-hours trading. However, profits are still down 46% from last year, and the company is heavily reliant on core EV sales and services. Tesla is preparing for a large-scale Optimus robot factory and expanding robotaxi services, but the full transformation is yet to come.
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