Q1 production tops roughly 408,386 vehicles
- Tesla said on April 2 it produced 408,386 vehicles and delivered 358,023 in the first quarter, leaving output well ahead of sales as the electric-vehicle maker entered earnings season. - The gap was 50,363 vehicles, driven almost entirely by Model 3 and Model Y, where Tesla built 394,611 cars but delivered 341,893 during the January-through-March quarter. - Tesla later reported Q1 net income of $477 million and revenue of about $22.39 billion, but the inventory overhang stayed central to the debate over demand. (tesla.com) (finance.yahoo.com)
Tesla built 408,386 vehicles in the first quarter of 2026 but delivered only 358,023, leaving more than 50,000 cars unmatched by sales. (tesla.com) Tesla disclosed the figures on April 2, breaking them out as 394,611 Model 3 and Model Y vehicles produced and 341,893 delivered, plus 13,775 other models produced and 16,130 delivered. (tesla.com) That arithmetic leaves a production-delivery gap of 50,363 vehicles for the quarter, with the imbalance concentrated in Tesla’s highest-volume Model 3 and Model Y lineup. (tesla.com) (electrek.co) Tesla also said it deployed 8.8 gigawatt-hours of energy storage products in the quarter, a reminder that the company reports more than car sales in its operating update. (tesla.com) The delivery figure missed Wall Street expectations. CNBC reported analysts had expected about 370,000 deliveries, while Electrek cited a consensus of 365,645. (cnbc.com) (electrek.co) Tesla’s quarterly delivery release came before its full earnings report on April 22. In that report, the company said first-quarter financial results would depend on factors including average selling price, cost of sales and foreign exchange. (tesla.com) When Tesla reported earnings on April 22, Yahoo Finance said net income rose to $477 million and revenue reached about $22.39 billion, even as the production-sales gap pushed inventory to 27 days of supply. (finance.yahoo.com) That left two stories running at once: Tesla stayed profitable in the quarter, but it ended March with more vehicles built than delivered and a larger inventory cushion than investors were used to seeing. (finance.yahoo.com) (electrek.co) The next read on whether this was a timing issue or a demand problem will come with Tesla’s second-quarter delivery report. (tesla.com)
