Tesla delivered an earnings beat — and the stock popped around 4% in after-hours trading as the company signaled a “rebound of demand” in North America.
Tesla’s total revenue for the first quarter came in at $22.38 billion — a 16% year-over-year increase and above analysts’ estimates. Adjusted earnings per share were 41 cents, up 51% from the same period last year, and above Wall Street’s expectations.
“We are excited about Tesla’s positioning in 2026 with tailwinds persisting for the autos business, our continued progress on FSD (Supervised) 4, the ramp of Robotaxi, progress on Optimus ahead of mass production and the growth of our energy production capacity,” the company said in its release.
After a stretch of disappointing car sales, Wall Street investors are looking for updates on the earnings call that will confirm the bullish view that Elon Musk’s company is more than an EV-maker.
Investors head toward the earnings call with the stock down 14% year to date. The will begin around 5:30 p.m. ET.