The automaker said demand for its vehicles has rebounded from recent declines.

Tesla released its Q1 2026 financial results after market close. Wall Street expected $22.3 billion in revenue and $0.37 EPS.

Tesla Inc (NASDAQ:TSLA)’s first quarter earnings report drew a generally positive, though measured, response from analysts at Bank of America and Wedbush, who highlighted stronger-than-expected automotive margins and continued investment in autonomy and artificial intelligence as central to

Shares of Tesla (NASDAQ:TSLA) are down 4% in Thursday morning trading, changing hands near $370 after the electric vehicle maker’s Q1 2026 report. The decline comes despite a headline beat on both earnings and revenue.

Tesla’s Q1 2026 earnings report was published at the close of markets today. Tesla made $22.387 billion in revenue in the quarter, beating the expectation of $21.92 billion. The company’s earnings per-share were $0.41/share, also beating the $0.39/share whisper number.

Tesla's profits were up from this time last year. But the company warned investors to prepare for expensive investments in next-generation technology like humanoid robots and AI.