Tesla (TSLA) releases Q1 2026 financial results: slight beat on earnings
Electrek • • business
Key Points:
- Tesla reported Q1 2026 earnings of $0.41 per share (non-GAAP), beating the Wall Street consensus of $0.37, with revenue of $22.38 billion, slightly above the expected $22.3 billion.
- Vehicle deliveries missed expectations by about 7,600 units at 358,023, and the company built over 50,000 more vehicles than it sold, indicating a significant inventory buildup.
- Gross margin improved substantially to 21.1%, up 478 basis points year-over-year, marking Tesla’s strongest margin in recent quarters.
- Energy storage deployment declined 38% sequentially to 8.8 GWh, falling short of analyst expectations of 12-14 GWh.
- Tesla reported 1.28 million Full Self-Driving (FSD) package purchasers, but this figure includes all buyers, not just active subscribers, complicating interpretation; the company also noted a boost in profits from automotive one-time benefits related to warranty and tariff refunds.
