Tesla Q1 EPS Beat, Shares Down 2.5%

Tesla reported Q1 2026 earnings of $22.39 bn revenue and $0.41 EPS, beating analyst expectations of $22.28 bn and $0.36 EPS.
Automotive revenue rose 16% YoY to $16.23 bn, deliveries increased 6% to 358,023 units and production 13% to 408,386 units.
Shares fell 2.5% after‑hours, closing 0.7% down at $384.69 as Musk warned robotics production will be slow and FSD revenue modest.
Tesla will start Optimus factory in Q2 with 1 million‑unit capacity at Fremont and a 10 million‑unit line in Texas, while Cybercab miles doubled.