Tesla reported better-than-expected earnings for Q1 2026, even as revenue came in below consensus due to weaker performance of energy generation and battery storage segment.

 

In its earnings release after trading closed on April 22, the Elon Musk-led company said it plans to introduce lower-cost versions of its SUV vehicle “Model Y” and sedan “Model 3”.

 

Q1 2026 Financial Results

Item

Q1

2026

Q1

2025

Forecasts

Change

Revenue ($ bln)

22.387

19.335

22.64

+16%

Net Income ($ mln)

477

409

--

+17%

Adjusted EPS ($)

0.41

0.27

0.37

+52%

Operating Income ($ mln)

941

399

--

+136%

Auto Revenue ($ bln)

16.234

13.967

--

+16%

Energy Generation and Storage Revenue ($ bln)

2.408

2.73

--

(12%)

Services and Other Revenue ($ bln)

3.745

2.638

--

+42%

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