"Tesla's automotive gross margin expanded to 21.1% from 16.2% a year ago, helped by lower material costs and higher selling prices. EPS came in at $0.41 on revenue of $22.387 billion, with 1.28 million active FSD subscriptions, up 51% year over year."
"Ford's quarter looked nothing alike. EPS hit $0.66 on revenue of $43.25 billion, lifted by Ford Blue's 14% revenue growth and a $1.3 billion one-time IEEPA tariff benefit. Model e still bled, posting a $777 million loss on barely growing sales."
"Tesla launched unsupervised Robotaxi rides in Dallas and Houston in April, taped out its AI5 inference processor, and is preparing an Optimus line at Fremont designed for 1 million robots/year. R&D climbed to $1.95 billion."
"CEO Jim Farley said the quarter reflects 'the momentum of the Ford+ plan' as the company enters 'one of the most intensive product, software and physical services rollouts in our history.'"
Tesla's first quarter results showed a significant automotive gross margin increase to 21.1%, driven by lower material costs and higher prices. The company reported $0.41 EPS on $22.387 billion revenue, with a notable rise in FSD subscriptions. In contrast, Ford's EPS was $0.66 on $43.25 billion revenue, aided by Ford Blue's growth and a one-time tariff benefit, but Model e faced losses. Tesla is investing heavily in autonomy and AI, while Ford is focused on a strategic rollout of products and services.
Read at 24/7 Wall St.
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