Tesla reported total revenues of $22.5 billion and automotive revenues of $16.7 billion for Q1 2025. Gross profit was $3.88 billion, with a GAAP gross margin of 17.2% and an EPS non-GAAP of $0.40 per share. The company launched its Robotaxi pilot in Austin, with plans for expansion to the Bay Area, Arizona, and Florida. CEO Elon Musk indicated plans to have Robotaxi services available to half of the US population by the end of the year, dependent on regulatory approval.
Musk stated that the Robotaxi service's expansion to the Bay Area, Arizona, and Florida is planned for the upcoming months, aiming for significant geographic coverage.
Elon Musk mentioned aiming for Robotaxi services to reach half of the US population by year's end, contingent upon regulatory approval and ongoing developments.
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