Tesla had a miserable quarter. Why is TSLA stock rising?

Buried in the earnings release, Tesla did something it doesn’t typically do: It gave investors some firm dates on near-term plans.

There’s very little good news in Tesla’s Q1 earnings. Earnings per share and revenues both missed analyst expectations. Vehicle deliveries were at their lowest level since the third quarter of 2022. But in the after-hours market, shares of TSLA stock quickly soared by more than 8%. What’s going on?