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Tesla stock rises over 3% after hours, first quarter revenue $22.39 billion
Tesla stock rose over 3% after hours, with first-quarter revenue of $22.39 billion, compared to an estimate of $21.19 billion.
First-quarter operating profit was $941 million, versus an estimated $788 million.
After the launch of the autonomous ride-hailing vehicle Cybercar, it is expected to gradually replace the existing Model Y fleet, and in the long term, it will become Tesla’s highest-volume vehicle.
The first-generation Optimus production line is designed to produce 1 million robots annually, replacing the Model S and Model X production lines in Fremont;
It is preparing a second-generation production line for the Texas Gigafactory, with a designed annual capacity of 10 million robots.