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5 days agoTesla earnings rise, but AI expenses add up for Elon Musk
Tesla reported Q1 revenue of $22.4 billion, but operating expenses surged, leading to a decline in operating margin.
Since the start of 2026, Tesla Inc., Apple Inc. and a dozen other major corporations have signaled that the shortage of DRAM, or dynamic random access memory - the fundamental building block of almost all technology - will constrain production. Cook warned it will compress iPhone margins. Micron Technology Inc. called the bottleneck "unprecedented." Musk got to the intractable nature o f the problem when he declared Tesla is going to have to build its own memory fabrication plant.