Tesla reported its first-quarter earnings on Wednesday, disclosing some better-than-expected results but faltering in some key areas. The report failed to significantly buoy Tesla’s stock, which has limped along this year while its CEO, Elon Musk, has tried to sell the company’s new vision of humanoid robots and self-driving robotaxis. Its core car business has struggled in the face of competition from Chinese counterparts and backlash against his close involvement with the Trump administration. “There remains significant effort and hard work to realize our mission of Amazing Abundance,” Tesla said in its report, while claiming that demand for its vehicles was rebounding. Tesla revealed earnings of 41 cents a share on Wednesday after market close, more than the 37 cents per share that Wall Street expected. The company reported a positive free cash flow, but missed market expectations of its revenue with $22.39bn – weaker than the $22.6bn Wall Street estimated. Tesla’s stock rose over 3% immediately following the release of its report, but dropped and erased those gains after Musk announced plans for large capital expenditure this year. In an unusually subdued tone, Musk gave an outline of Tesla’s projects on the company’s earnings call, though he once again proclaiming that its robotics and self-driving products would take over the world. During a question-and-answer period, several investors asked questions about the timing of those goals as Musk tried to reassure them about future growth. “Tesla is working on a lot of large ambitious projects,” Musk answered, concluding some brief remarks. The earnings report comes as Tesla continues to pivot away from its automaker roots and emphasize its bets on AI, autonomous vehicle technology and robotics. Despite Musk’s usual grandiose promises and vows to dominate society’s future, Tesla’s stock has lagged behind mega-cap rivals recently and fallen around 11% so