- Tesla Motors Inc
- 28 January 2026 22:48:32
Source: Sharecast
Tesla said adjusted earnings came in at $0.50 per share in Q4, ahead of the $0.45 expected by analysts, while revenues slipped 3% to $24.9bn narrowly top forecasts of $24.79bn.
Automotive sales were down 11% to $17.7bn as Tesla continued to face soft auto demand amid intensifying global competition, particularly from BYD in China, while energy generation and storage revenue rose 25% to $3.84bn, and services and other revenues increased 18% to $3.37bn.
Net income slumped 61% in the quarter to $840m as operating expenses jumped 39%, while capital spending fell 14% to $2.39bn.
Full‑year revenue dropped to $94.8bn from $97.7bn, which Tesla attributed to lower vehicle deliveries and reduced regulatory credit revenue.
Earlier in January, Tesla reported a 16% slide in Q4 vehicle deliveries and an 8.6% drop for the year as a whole.
As of 2245 GMT, Tesla shares were up 3.67% in extended trading at $446.27 each.
Reporting by Iain Gilbert at Sharecast.com