Tesla Inc (NASDAQ:TSLA) shares are trading higher Wednesday on the heels of the company’s first-quarter financial results. Here’s a look at what’s going on. What To Know: Tesla reported first-quarter revenue of $21.301 billion, which missed the consensus estimate of $22.151 billion, according to Benzinga Pro. The EV maker reported adjusted earnings of 45 cents per share, which missed estimates for earnings of 51 cents per share. Free cash flow turned negative and revenues fell by 9% on a year-over-year basis, representing the worst revenue decline for Tesla since 2012, as production and deliveries slowed amid continued demand weakness. Despite missing analyst estimates on the top and bottom lines, Tesla shares are ripping higher Wednesday, partially due to the company’s accelerated timeline for the launch of new models and talk about the development of a next-gen vehicle. “We have updated ...