Tesla's first quarter performance
In the first quarter, Tesla faced dual challenges in terms of profitability and cash flow. GAAP operating profit and net income reached $1.2 billion and $1.1 billion respectively, while non-GAAP net income also hit $1.5 billion, demonstrating our company's strong profitability.However, Tesla's free cash flow showed negative growth, reaching -$2.5 billion, which included $1 billion in capital expenditures for AI infrastructure. Tesla's operating cash flow was $200 million, and cash and investments decreased by $2.2 billion quarter-over-quarter to $26.9 billion. Tesla needs to continue its efforts to optimize capital structure and cost control.
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