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Tesla profits rose in the first quarter as Musk teases debut of new Roadster

NEW YORK (AP) — Tesla’s profit rose in the first quarter as its car sales rebounded from a sharp slump in 2025.

The electric vehicle maker run by billionaire Elon Musk said it earned $477 million in the quarter, up 17% from a year ago. Earnings per share totaled 13 cents. Adjusted for certain items, per share earnings were 41 cents, topping Wall Street estimates of 36 cents.

Revenue rose to $22.39 billion, led by a 16% increase in automotive revenues.

Still, profits and revenue are far below their peak when its cars were grabbing market share. Now that is in reverse as European and Chinese rivals steal its customers. The company last year lost its crown as the world’s largest EV maker to China’s BYD.

Musk has repeatedly shrugged off its car troubles, emphasizing that Tesla’s future lies less in car sales than getting people to t ake rides in them a s self-driving taxis. The company said robotaxi miles doubled in the first quarter compared to the fourth quarter of last year. They are currently running in San Francisco and three Texas cities, including Austin where Tesla is headquartered.

Musk has also been highlighted Tesla’s production of robots for homes and businesses In a conference call with investors Wednesday, he talked about breaking ground for a new factory in Texas for the robots, called Optimus, with a potential capacity of making 10 million a year.

“I think Optimus will be our biggest product,” said Musk, adding, “not just Tesla’s biggest product ever, but probably the biggest product ever.”

The company noted that it has begun making its so-called Cybercabs without pedals or wheels. And Musk added a teaser in the call, saying that Tesla could debut a new manually driven Roadster sports car in a month or so.

The company is spending big on its transition, including $2.5 billion last quarter in capital expenditures, up 67% from the year earlier period.

Musk warned of “a very significant increase” in the future, too.

Shares fell 1% in after-hours trading.

Grandfather recovering from surgery after bison attack at Yellowstone sent him flying

By WTOP Staff
(CNN) — What started as a yearly trip for a grandfather and his grandson turned into a visit to a Montana hospital after a bison attack at Yellowstone National Park.Carl McDaniel, 65, was hospitalized with a broken femur after a bison charged and tossed him into the air Friday evening at the park’s Bridge Bay Campground, according to McDaniel and the National Park Service.He was visiting the park with his 13-year-old grandson when they decided to take a walk after dinner.Along the way, they encountered a large bison that appeared to be rolling around in the dust and was not bothering anyone, McDaniel told CNN.“We were about a hundred yards away,” McDaniel said. “He was not aggressive; he was not having problems and we took some pictures and decided to walk on.”McDaniel and his grandson snapped a quick photo and continued with their walk, video of the encounter shows. At the same time, a truck drove by, and the driver laid on his horn in what appeared to be an attempt to get the bison to move, McDaniel said. There is no audio on the video.The bison then appeared to become agitated and began running toward the pair.“There was little time to decide what to do. At that point, he was within 100 yards; he could be to us in seconds, so I told my grandson to run in one direction and I went the other to try and draw him away,” McDaniel said.The animal then pushed McDaniel with the top of its head, sending him flying into the air before he hit the ground, the grandfather said.“When I was on the ground immobile, unable to move, he was right on top of me. He could have stomped on me, he could have gored me, he could have done almost anything to take my life, and he did not do so,” McDaniel said.After McDaniel hit the ground, photographer Mike MacLeod, who captured the encounter on video, had to step in, he told Cowboy State Daily.“I was really afraid he was going to gore the guy on the ground, so I stopped videotaping and ran at the bison, yelled loud, and was trying to be as big and intimidating as possible,” MacLeod said.After the bison took off, people rushed over to McDaniel, who was in a lot of pain, MacLeod told Cowboy State Daily. Yellowstone EMS arrived soon after, he said.“Park emergency medical personnel responded and transported him to a nearby hospital,” the National Park Service said in confirming the incident in a statement to CNN.This is the second bison attack at Yellowstone this year. A 12-year-old was injured near Mud Volcano on June 26, according to the agency.After Friday’s attack, “all the people that were there were amazing; they were all positive, they were trying to help as best they could,” McDaniel said. A nurse started tending to his leg, while another bystander held his head.He was then transferred to a hospital in Bozeman, a two-hour journey during which he was in intense pain. He said he was grateful for the paramedic who helped him along the way.McDaniel broke his femur, the body’s strongest bone, in four places near his hip and suffered several bruises. He had surgery Sunday and could stand by Monday.“I will be doing physical therapy for the next few days to get to walk, but it was not as catastrophic as it could have been,” McDaniel said.The National Park Service advises visitors to stay at least 25 yards away from bison at all times and to never approach the animals. “If the bison follows you, spray bear spray as you are moving away, and seek cover behind nearby trees or cars,” the agency said.Correction: An earlier version of this story understated how far visitors should stay away from bison. The National Park Service advises visitors to stay at least 25 yards from them.The-CNN-Wire™ & © 2026 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
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