Tesla profit beats expectations despite revenue miss
23/04/2026
Argaam
Tesla reported better-than-expected earnings for Q1 2026, even as revenue came in below consensus due to weaker performance of energy generation and battery storage segment.
In its earnings release after trading closed on April 22, the Elon Musk-led company said it plans to introduce lower-cost versions of its SUV vehicle “Model Y” and sedan “Model 3”.
|
Q1 2026 Financial Results |
||||
|
Item |
Q1 2026 |
Q1 2025 |
Forecasts |
Change |
|
Revenue ($ bln) |
22.387 |
19.335 |
22.64 |
+16% |
|
Net Income ($ mln) |
477 |
409 |
-- |
+17% |
|
Adjusted EPS ($) |
0.41 |
0.27 |
0.37 |
+52% |
|
Operating Income ($ mln) |
941 |
399 |
-- |
+136% |
|
Auto Revenue ($ bln) |
16.234 |
13.967 |
-- |
+16% |
|
Energy Generation and Storage Revenue ($ bln) |
2.408 |
2.73 |
-- |
(12%) |
|
Services and Other Revenue ($ bln) |
3.745 |
2.638 |
-- |
+42% |
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