Tesla, Inc. (TSLA) reported adjusted earnings of 41 cents per share for the first quarter of 2026, a 52% increase year-over-year and exceeding the Zacks Consensus Estimate by 13.04%. The company’s quarterly revenues rose 15.8% to $22.39 billion, surpassing the consensus estimate of $21.92 billion, driven by increased vehicle deliveries and stronger activity in Services and Other segments.
In Q1 2026, Tesla produced 408,386 vehicles, with deliveries totaling 358,023. Automotive revenues contributed $16.23 billion, with sales of $15.47 billion and regulatory credits accounting for $380 million. Operating cash flow was $3.94 billion, with capital expenditures of $2.49 billion, resulting in free cash flow of $1.44 billion. As of the end of the quarter, Tesla’s cash and equivalents totaled $44.74 billion.
Going forward, Tesla is focusing on autonomy and expansion, reporting regulatory approval for Full Self-Driving (FSD) in the Netherlands and launching unsupervised Robotaxi rides in Texas. The company is also gearing up for significant capital investments, estimating combined spending for 2025-2026 to exceed $25 billion.
