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Tesla Beats EPS; Rivian Launches R2 Despite Tornado

4/25/2026

36 4 Full Breakdown

Summary

Rivian Launches R2

Tesla posted Q1 2026 EPS $0.41, beating $0.37 estimate, and a 21.1% gross margin.
Jim Cramer said he will buy Tesla shares, and the stock rose to $406.77 before closing 3.6% lower at $373.72.
Rivian began volume production of the R2 SUV at its Normal, Illinois plant despite an EF-1 tornado.
CEO RJ Scaringe said the R2 will account for most of Rivian’s volume by end-2027, and shares closed at $16.95.

Summary

Tesla Gains Approval

Tesla gained Self-Driving approval in the Netherlands, opening a path to EU markets.
Waymo, Baidu and Verne run robotaxi services in U.S., China, Middle East and Europe; among 43 analysts, 15 rate Tesla Strong Buy, 9 Strong Sell, and target $401.97.
Tesla raised its 2026 capex to $25 billion, a 25 % increase, warned cash flow will turn negative, and halted Model S and Model X production in April 2026, leaving 50,000 unsold cars after Q1.

History

Historical Context

Tesla’s 2008 Roadster— the first highway-legal EV using lithium-ion cells and delivering over 200 mi per charge—proved high-performance electric cars could exist. The 2010 IPO raised $226 million, funding the 2012 Model S launch that cemented Tesla’s market presence. That early success underpins today’s push to expand autonomous fleets as regulators and investors evaluate multi-billion-dollar capex plans.

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Rivian Launches R2

Tesla posted Q1 2026 EPS $0.41, beating $0.37 estimate, and a 21.1% gross margin.
Jim Cramer said he will buy Tesla shares, and the stock rose to $406.77 before closing 3.6% lower at $373.72.
Rivian began volume production of the R2 SUV at its Normal, Illinois plant despite an EF-1 tornado.
CEO RJ Scaringe said the R2 will account for most of Rivian’s volume by end-2027, and shares closed at $16.95.

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