Tesla Inc. (TSLA) is set to announce its first-quarter 2026 results on April 22, with earnings expected to be 36 cents per share and revenues forecasted at $21.92 billion. This represents a 33.3% increase in earnings and a 13.4% uptick in revenue year-over-year.
In Q1 2026, Tesla delivered 358,023 vehicles, slightly exceeding expectations of 343,949 units, reflecting a 2.2% year-over-year growth despite sequential declines. The company is projected to generate $3.39 billion in Energy Generation & Storage revenues, marking a 24% growth, supported by the deployment of 8.8 GWh of energy storage.
Additionally, Tesla plans to increase capital expenditures to approximately $20 billion for the year, a significant rise from $8.5 billion in 2025, to enhance investments in AI and autonomous driving technologies. However, its earnings expectations show a negative surprise potential of -19.36%, amid high competition and a cooling EV market.
