Tesla Inc. reported first-quarter earnings that beat Wall Street’s estimates, a sign profitability is holding up as the electric-vehicle maker invests in new business lines around robotics and driverless cars.

Tesla recently reported its 2026 first-quarter earnings results, followed by a conference call that fielded questions from investors and analysts.

But earnings per share (EPS) of $0.41 came in higher than the estimated $0.37. However, the earnings report revealed one unchanging factor: Musk's love for Bitcoin (BTC). Related: Elon Musk showers love on Bitcoin again after a long hiatus Musk has frequently talked about his enthusiasm for cryptocurrencies like Bitcoin.

Tesla reported higher first-quarter profits Wednesday, topping expectations as it confirmed plans for massive additional investments in autonomous transport, humanoid robotics and artificial intelligence.

Tesla's profit rose in the first quarter as its car sales rebounded from a sharp slump in 2025. The electric vehicle maker said it earned $477 million in the quarter, up 17% from a year ago. Earnings per share totaled 13 cents.

The company plans to replace old vehicle computers in a plan that one analyst said seemed “expensive and perhaps not even sensible.”

The carmaker expects $25 billion in capital spending this year, and expanded its robotaxi service in Dallas and Houston.

Tesla has signed an "indefinite quantity" contract that speeds up sales to cities, schools, and state agencies. It could mean more Tesla police cars.