Tesla On The Move After Reporting Results… And Picks & Shovels Of AI Trade 4/22/26

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 22 April 2026

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tesla on the move after reporting results, as investors dig into the EV makers latest numbers. What top tech analyst Gene Munster makes of the quarter, and the headlines out of the company conference call. Plus, it’s not just Tesla, we’ll wrap up all of the other after-hours movers, and dig into the “picks & shovels’ of the AI trade as chips, memory stocks, and data center providers take a leg higher. Fast Money Disclaimer

Transcript

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0:00.0	Live from the NASDAQ markets, I think of the heart of New York City's Times Square.
0:04.7	This is fast money.
0:05.6	Here's what's on top tonight.
0:21.1	Tesla takes off. Shares of the EV maker popping after an earnings beat what the company had to say about margins. It's humanoid robot. And when we will finally see cybercats on the road, we're surrounding the trade this hour. And the picks and shovels of the AI trade and rally mode today with the gains in everything from semis and memory stocks
0:23.5	to power providers. rounding the trade this hour. And the picks and shovels of the AI trade and rally mode today
0:21.0	with the gains in everything from semis and memory stocks to power providers say about the state
0:25.4	of big tech. Plus pot stocks light up. Boeing shares soar after earnings and Best Buy names
0:30.5	a new CEO. What new leadership will mean for the electronics retailer and how you should trade
0:35.7	the stock now. I'm Melissa Lee, home to you live
0:37.8	from studio at the Nazak on the death tonight. Tim Seymour, Dan Nathan, Steve Grasso, and Katie
0:42.3	Stockton, founder and managing partner at Fair Leeds Strategies. We start off with Tesla moving higher
0:47.4	after posting first quarter numbers, earnings coming in ahead of estimates, while revenues
0:50.9	fell slightly short. The company also saying it's making meaningful progress in its robotaxing robotics businesses.
0:57.3	Philabose got all the numbers and the details, Phil.
1:00.9	Melissa, a lot to liken these numbers if you are a Tesla bull.
1:03.8	The company earning 41 cents a share. That was four cents better than the street was expecting at 37 cents to share.
1:10.1	Revenue, as you mentioned,
1:11.3	coming in a little bit shy of expectations coming in at 22.39 billion. The street was at 22.64 billion.
1:18.8	And then some key numbers within the numbers in the first quarter. Gross margins north of 19%.
1:24.8	Anything between 15 and a half and 17% is where most of the analysts were expecting.
1:30.3	So this is better than expected at more than 19%. Free cash flow, $1.4 billion, a pleasant surprise.
1:37.7	That's because CAPEX was not as great as many were expecting. And then you have FSD subscriptions,
	...

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