Tesla earnings rise, but AI expenses add up for Elon Musk

Tesla reported an uptick in quarterly revenue and profit, but the costs of pivoting to an AI future are starting to add up.Why it matters: CEO Elon Musk has directed the company to invest heavily in the development and production of humanoid robots, self-driving cars and AI chips.Driving the news: The company reported Q1 revenue of $22.4 billion, up 16% from a year earlier.Net income totaled $477 million, up 17%, but operating expenses ballooned 37%, to $3.78 billion.Its operating margin fell to...