Tesla reported first-quarter earnings after Wednesday's closing bell. While cars are still the company's big moneymaker, investors have become increasingly interested in the company's robotaxi and humanoid-robot ambitions.

Elon Musk said he expected Tesla's capital expenses would rise "substantially in the future" after it surprised investors with positive ​cash flow in the first quarter.

Tesla posted earnings that topped analysts' estimates, and said it plans to significantly raise spending on AI.

Tesla's automotive revenue came in significantly above Wall Street's expectations, even though unit sales previously missed the mark. The company said it recorded automotive revenue of $16.2 billion for the first quarter of 2026,

Tesla typically reports numbers shortly after the close. The stock typically moves on headline results. The stock continues to fluctuate in after-hours trading while investors and analysts pore over the new figures until the earnings conference call,

Tesla's robotaxis business is expanding into new markets.

Tesla started offering autonomous taxi rides in the two Texas cities, but the service network is tiny. For now, at least.