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Tesla reports higher profits, topping estimates 

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Tesla CEO Elon Musk is expected to field questions about an aggressive capital spending plan

Tesla CEO Elon Musk is expected to field questions about an aggressive capital spending plan

Tesla reported higher first-quarter profits Wednesday, pointing to recovering demand in North America as it pursues significant investments in autonomous transport and artificial intelligence.

Elon Musk's electric vehicle company reported profits of $477 million, up 17 percent from the year-ago period, while revenues jumped 16 percent to $22.4 billion.

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Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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