Tesla's (TSLA) first quarter earnings results slightly missed analyst estimates. The EV maker reporting adjusted EPS of $0.85, just shy of Street estimates of $0.86. Revenue was also a little lighter than expected, $23.33 billion versus estimates of $23.35 billion. Tesla has cut prices on its cars in the U.S. six times so far this year. Now, investors are seeing the impact of those cuts in the company's quarterly results.
Tesla leadership, including CEO Elon Musk, answered analyst and investor questions in a call following the report's release. Yahoo Finance's Brad Smith, Brian Sozzi, and Pras Subramanian were listening in. Among their key takeaways: price cuts are becoming "self-inflicted wounds," that Musk is essentially delivering an "earnings warning to Wall Street," and they noted the upbeat comments about the company's energy generation and storage business.
Key video moments
00:28 Tesla stock after hours
00:50 Musk on the macroeconomic backdrop
01:40 Key takeaways from the Tesla's call
06:30 Brad & Brian's vibe check on the call
08:50 What Twitter users are saying about Tesla's results
12:24 Tesla stock reacts to the call, final thoughts
