Industry
Mobility hot issues: Tesla beats expectations despite AI and robotics burden; Sony-Honda EV exit
Tesla reported first-quarter results that beat market expectations despite concerns about slowing electric vehicle demand. Revenue rose to $22.39 billion from a year earlier, while expanded capital spending focused on AI and robotics is adding to financial pressure. The company also faces controversy over cash flows, putting the balance between growth strategy and profitability in focus. Separately, Sony Group and Honda decided to effectively suspend their EV joint venture, and GM halted plans for a next-generation revamp of large electric pickups and SUVs.