Tesla reports Q1 2026 earnings: Still profitable

Will these robots justify Tesla's share price? Elon Musk says yes, but then he would, wouldn't he? Credit: Stanislav Kogiku/SOPA Images/LightRocket via Getty Images

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 ...