Tesla and Alphabet both beat Q1 estimates, but their autonomy strategies diverge sharply. Tesla posted $22.39 billion in revenue, up 15.78% year over year, with EPS of $0.41, beating consensus by 14.14%, and active FSD subscriptions hit 1.28 million, up 51%. Alphabet reported revenue of $109.90 billion, EPS of $5.11 versus a $2.63 consensus, and Google Cloud jumped 63% to $20.03 billion with backlog nearly doubling to over $460 billion. CEO Sundar Pichai noted Waymo surpasses 500,000 fully autonomous rides a week. Tesla’s approach uses a global fleet streaming video into its training clusters, financed by auto margins and a $44.74 billion cash pile, while Alphabet guided 2026 capex to $175 to $185 billion. Waymo collects paid driverless miles across real city streets, but Tesla’s Cybercab remains in pilot production at Gigafactory Texas. Polymarket traders price a Tesla robotaxi launch in California by June 30 at just 2.3%, and assign a 46.9% probability to Q2 deliveries clearing 475,000 units.