Tesla is scheduled to report its first-quarter earnings on May 2, 2026, with analysts projecting earnings per share (EPS) of 36 cents, reflecting a 33% year-over-year increase, and revenue of approximately $22 billion, up 13.4%. This follows a disappointing first quarter where vehicle deliveries totaled 358,023 units, falling short of the 365,000 consensus estimate and marking the second consecutive quarter of underperformance, contributing to a 14% drop in stock price year-to-date.
CEO Elon Musk announced the completion of the design for a new AI chip for Full Self-Driving (FSD), expected to enter high-volume production by 2027. Tesla’s energy storage segment, particularly its Megapack deployments, continues to show significant growth and is anticipated to be a key driver of revenue and profitability moving forward, especially as margins in automotive face pressures. Additionally, updates on the autonomous driving and humanoid robot projects may be revealed during the earnings call.
