- Tesla Motors Inc
- 23 April 2026 08:46:05
Source: Sharecast
Tesla reported earnings of $0.41 per share, above the $0.37 forecast by economists, and generated positive free cash flow in the period. However, revenues of $22.39bn, up 16% year-on-year, fell short of consensus estimates of $22.6bn, even as Tesla said demand for its vehicles was improving, with auto revenues up 16% to $16.2bn.
In its energy unit, Tesla booked $2.41bn in revenue, down 12% from $2.73bn at the same time a year earlier.
Net income grew to $477m, or $0.13 cents a share, up from $409m, or $0.12 a share, a year earlier, while Tesla's automotive gross margins for the quarter came in at 19.2% - better than in any quarter in the prior year.
Capital expenditures surged 67% to $2.49bn, with chief financial officer Vaibhav Taneja also warning that capex will top $25bn this year, up from $8.6bn in FY25.
As of 0845 BST, Tesla shares were down 2.44% in pre-market action at $379.84 each.
Reporting by Iain Gilbert at Sharecast.com