Musk’s Tesla revenue beats estimates as deliveries rebound, energy storage grows

Tesla revenue has exceeded estimates following a rebound in deliveries and growth within energy storage. While these factors boosted the top line, significant spending on AI has weighed on the company's overall profit. These financial results emerge as Wall Street considers the possibility of a merger between Tesla and SpaceX. The company continues to balance its core automotive and energy business growth against the high costs associated with developing its artificial intelligence capabilities.