Tesla has released quarterly earnings, and the announcement was accompanied by what seems to be a backpedaling on availability of Robotaxis in 5 of the 8 cities Tesla has announced availability in.

Tesla delivered an earnings beat — and the stock popped around 4% in after-hours trading as the company signaled a "rebound of demand" in North America.

Tesla Inc. has started manufacturing its long-awaited Cybercab robotaxi, Chief Executive Officer Elon Musk said in a post on social media platform X. The announcement marks a key milestone in the company’s push into autonomous ride-hailing,

Tesla plans to book at least $20 billion for capital expenditures this year, which would be far more than it has ever spent in a single year.

Tesla defied expectations, profiting more and spending less than expected in closely watched results as the company shifts focus from electric vehicles to artificial intelligence (AI).

Tesla boosts 2026 capital spending to over $25 billion, expects negative free cash flow

This bold move is expected to push Tesla into negative free cash flow, despite a recent $1.44 billion surplus in the first quarter.