Electric vehicle giant Tesla Inc (NASDAQ:TSLA) reported first-quarter financial results on Wednesday after market close. Here are the key highlights.

Tesla Q1 Results

Tesla reported first-quarter revenue of $22.71 billion, up 16% year-over-year. The revenue missed a Street consensus estimate of $22.39 billion according to data from Benzinga Pro.

Automotive revenue of $16.23 billion was up 16% year-over-year in the quarter.

Tesla's adjusted earnings per share of 41 cents beat a Street consensus estimate of 37 cents per share.

The company highlighted its progress made in infrastructure and AI, along with updates on FSD and robotaxis.

Robotaxi paid miles nearly doubled quarter-over-quarter in the first quarter.

"Once in production, we expect that Cybercab will begin to replace the existing Model Y fleet and will be the largest volume vehicle in the fleet over time," The company said.

The company also highlighted robotaxis rolling out in additional cities in the recent week.

FSD subscriptions hit 1.28 million in the first quarter, up 51% year-over-year and up from ...