Tesla Q1 Earnings: Looking Past Auto Weakness, Maintain Strong Buy

  • Tesla, Inc.'s Q1 report showed mixed results with auto revenues slowing sharply, but solid growth in the services and energy segments, highlighting Tesla's diversification beyond cars. Despite missing earnings expectations, Tesla's focus on robotics, AI, and energy storage underscores its long-term growth potential, making it much more than just a car company. CEO Elon Musk's reduced political involvement is positive for Tesla's brand, which should mitigate recent brand damage over time.