news3h ago

Tesla Reported Adjusted Earnings Per Share Of $0.41 For The First Quarter Of 2026, Topping The $0.37 Analyst Consensus Compiled By Lseg.

Revenue came in at $22.39 billion, slightly below the $22.64 billion expected, making it a mixed quarter overall.

$TSLA surged around 5% in after-hours trading, with investors focusing on the earnings beat rather than the modest revenue shortfall. @Tesla delivered 358,023 vehicles during the quarter, falling short of the 365,645 consensus estimate by roughly 7,600 units.

The company's quarterly filing also reiterated the $2 billion equity conversion from xAI to SpaceX, a transaction originally cleared by the FTC in March following SpaceX's acquisition of xAI at a combined valuation of $1.25 trillion.

With the delivery miss on record, analysts are likely to press management on automotive gross margin, Full Self-Driving subscriber growth, and early Robotaxi operational figures during the earnings call. A 38% sequential drop in energy storage deployments reported in Q4 adds further scrutiny to Tesla's non-automotive revenue lines.

Tesla Reported Adjusted Earnings Per Share Of $0.41 For The First Quarter Of 2026, Topping The $0.37 Analyst Consensus Compiled By Lseg.

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