Tesla Q1 numbers snapshot
- Tesla delivered 358,023 vehicles in Q1 2026, roughly 7,600 below some analyst expectations. (electrek.co) - The company built over 50,000 more vehicles than it sold, energy-storage deployments fell 38% sequentially to 8.8 GWh, and FSD (Supervised) subscriptions hit 1.28 million. (electrek.co) (techcrunch.com) - Tesla reported positive cash flow, Musk said capex will rise substantially, and shares rose about 4% in after-hours trading. (reuters.com) (techcrunch.com)
Tesla delivered 358,023 vehicles in Q1 2026, about 7,600 fewer than Wall Street expected, the company said on April 22. (ir.tesla.com) The company produced 408,386 vehicles in the quarter, leaving a production‑to‑delivery gap of roughly 50,363 units that added to inventory. (secure.businesswire.com) Energy‑storage deployments fell to 8.8 gigawatt‑hours (GWh) in Q1, down about 38% sequentially from Q4 2025’s 14.2 GWh. (ir.tesla.com) Tesla reported 1.28 million active Full Self‑Driving (Supervised) subscriptions at quarter‑end, a 51% year‑over‑year increase that TechCrunch says helped revenue. (techcrunch.com) The company posted positive free cash flow for the quarter (about $1.4 billion) and reported roughly $22.4 billion in revenue, while shares rose as much as 4% in after‑hours trade. (marketwatch.com) On the earnings call CEO Elon Musk said Tesla will “substantially” increase investments and management raised full‑year capital‑expenditure guidance to more than $25 billion. (fortune.com) The simultaneous inventory build (50,363 units) and a sharp drop in Q1 storage deployments complicate Tesla’s push to diversify beyond vehicles into energy and AI‑driven services. (secure.businesswire.com) CFO Vaibhav Taneja called the storage business “inherently lumpy” but said Tesla expects 2026 energy‑storage deployments to exceed 2025’s 46.7 GWh backlog. (fiscal.ai) Elon Musk closed the call by telling analysts the higher spending is “well justified” for a “substantially increased future revenue stream,” underscoring that investors will be watching capex, inventory and storage results next quarter. (fortune.com)
