Tesla reports Q1 2026 earnings: Still profitable

Car sales are up, battery sales and emissions credits are down. Tesla published its quarterly financials ahead of an investor call this afternoon. The maker of electric vehicles has become an increasingly polarized brand but a valuable one: $1.21 trillion at the time of writing. And we knew from its delivery announcement earlier in April that the first quarter of 2026 was rather rosy, with sales growing by a little more than 6 percent compared to the same three months in 2025. As a result, it was a more profitable quarter than last year, making $477 million in net income. Revenue increased by 16 percent year over year to $22.4 billion. Automotive revenue grew by the same percentage to $16.2 billion, and Tesla saw a 42 percent increase in services (like Supercharger fees) and other revenue. But its energy storage business shrank in Q1, and revenues from this division fell by 12 percent to $2.4 billion. An operating margin of 4.2 percent is far from the double-digit margins Tesla once boasted. But things were twice as bad in 2025. Although the company brought in more money from automotive sales, it only made $380 million from selling regulatory credits, compared to $595 million in Q1

Apr 22, 2026 → Apr 22, 2026