Tesla reported Q1 2026 earnings after the market close on April 22. Adjusted earnings per share reached 41 cents. This result exceeded Wall Street expectations of 34 cents. The company has now surpassed profit estimates for two consecutive quarters.
Revenue totaled $22.39 billion against an expected $22.6 billion. Tesla delivered 358,023 vehicles during the quarter. This figure missed the anticipated delivery target of 365,645 units.
Tesla stock rose approximately 4% to 5% during market activity on April 23. Investors are weighing slower sales and rising competition against sustained profitability. Future growth remains tied to artificial intelligence and the robotaxi network.