Tesla reported adjusted earnings of $0.48 per share, above analysts’ estimate of roughly $0.45 but down from $0.50 a year earlier. Revenue was $28.05 billion, flat year over year, while increased spending on artificial intelligence and robotics drove a 56% decline in operating income to $718 million. Total gross margin rose to 19.6% from 18.0% a year earlier, and GAAP net income fell 43% to $787 million. Free cash flow amounted to $1.53 billion and capital expenditures reached $4.73 billion, while Tesla ended the quarter with $45.4 billion in cash and investments. After the release, tokenized Tesla shares tracked the stock’s after-hours movements, with roughly 260,600 addresses holding $138.8 million of tokenized shares.
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