Tesla’s first-quarter financial results revealed weaker-than-anticipated earnings and a negative free cash flow, leading JPMorgan to reiterate its Underweight rating. Despite record revenue, the company’s EBIT and free cash flow fell short of expectations and analysts have revised earnings downward. Tesla’s stock performance has been under pressure, trading near its 52-week low, amid concerns over earnings and cash flow. However, InvestingPro insights indicate that Tesla remains a key player in the automotive industry with a positive balance sheet and strong long-term growth potential.