Summary
Tesla, Inc. reported a strong first quarter for 2026, with total revenues reaching $22.39 billion, a significant 16% increase year-over-year, driven primarily by robust performance in the Automotive & Services and Other segment. Net income attributable to common stockholders also saw a healthy rise to $477 million. The company highlighted substantial investments in AI initiatives, including compute infrastructure and data centers, with capital expenditures exceeding $25 billion expected for the full year 2026. Despite a decline in the Energy Generation and Storage segment revenue, overall gross margins improved significantly, reflecting operational efficiencies and cost management. The company also addressed ongoing legal matters, including developments related to CEO Elon Musk's compensation packages and ongoing litigation concerning vehicle technology and alleged workplace misconduct. Financially, Tesla ended the quarter with a solid cash position of $44.74 billion in cash and short-term investments, bolstered by a substantial increase in operating cash flow to $3.94 billion. The company's strategic focus remains on profitable growth, advancing AI capabilities, expanding manufacturing capacity, and improving cost efficiencies across its operations. While acknowledging macroeconomic uncertainties and potential impacts from trade policies, Tesla expressed confidence in its ability to fund its growth and maintain liquidity.
Financial Highlights
49 data points| Revenue | $22.39B |
| Cost of Revenue | $17.67B |
| Gross Profit | $4.72B |
| R&D Expenses | $1.95B |
| SG&A Expenses | $1.83B |
| Operating Expenses | $3.78B |
| Operating Income | $941.00M |
| Net Income | $477.00M |
| EPS (Basic) | $0.15 |
| EPS (Diluted) | $0.13 |
| Shares Outstanding (Basic) | 3.23B |
| Shares Outstanding (Diluted) | 3.54B |
Key Highlights
- 1Total revenues increased 16% year-over-year to $22.39 billion in Q1 2026.
- 2Net income attributable to common stockholders rose to $477 million.
- 3Automotive sales revenue grew 20% YoY, driven by higher deliveries and average selling prices.
- 4Gross margin for the total automotive segment improved significantly to 21.1% from 16.2% in the prior year quarter.
- 5Research and Development expenses increased by 38% to $1.95 billion, reflecting significant investments in AI and new technologies.
- 6Cash and cash equivalents and short-term investments totaled $44.74 billion at the end of the quarter.
- 7Capital expenditures are expected to exceed $25 billion in 2026, largely driven by AI initiatives.