Tesla reported Q1 2026 earnings of $0.41 per share on $22.39 billion revenue, surpassing estimates of $0.36 and $22.28 billion.
Shares rose nearly 4% in after‑hours trading following the beat, reflecting investor optimism.
Automotive revenue jumped 16% YoY to $16.23 billion and gross margin rose 478 bps to 21.1%, beating 17.7% estimate.
Musk highlighted progress on AI, Robotaxi, Megapack 3, Cybercab, Semi and factories, with demand rebounding across APAC, South America, EMEA and North America.