Tesla earnings set for Apr 22

Tesla is set to report first-quarter results after the market closes on Wednesday, April 22, with a webcast scheduled for 5:30 p.m. Eastern. (tesla.com) The setup is unusually clear: Tesla has already said it produced 408,386 vehicles and delivered 358,023 in the quarter, including 341,893 Model 3 and Model Y vehicles. It also deployed 8.8 gigawatt-hours of energy storage products. (tesla.com) Those delivery figures came in below the 365,645 average estimate in Tesla’s own March 26 analyst consensus, and below the roughly 370,000 figure tracked by StreetAccount. CNBC reported the stock fell more than 5% on April 2 after the delivery report. (tesla.com) (cnbc.com) What arrives on April 22 is the part Tesla has not disclosed yet: revenue, profit, cash flow and guidance. Tesla said in its April 2 release that deliveries and storage deployments alone should not be treated as a proxy for quarterly financial results because average selling prices, cost of sales and foreign exchange also shape the quarter. (tesla.com) That leaves margins at the center of this report. Tesla’s vehicle business still supplies most of its revenue, while the company has also been pushing investors to focus on newer bets in robotaxis, artificial intelligence infrastructure and the Optimus humanoid robot program. (cnbc.com) (tesla.com) Tesla framed 2025 as a transition from a “hardware-centric business” to a “physical AI company,” and said in its fourth-quarter update that it would invest in six new production lines in 2026 across vehicles, robots, energy storage and batteries. That means investors are listening on April 22 for both near-term profitability and how much spending Tesla plans to commit to those projects. (tesla.com) The vehicle mix also changed. Tesla said “other models” accounted for 16,130 deliveries in the quarter, and CNBC reported in January that Tesla said it was ending production of the Model S and Model X, with Elon Musk later saying orders for those vehicles had come to an end. (tesla.com) (cnbc.com) Energy is the counterweight. Tesla’s fourth-quarter 2025 update said it posted record quarterly and full-year energy storage deployments, and the company’s first-quarter release showed another 8.8 gigawatt-hours deployed to start 2026. (tesla.com 1) (tesla.com 2) By Wednesday evening, Tesla will have to connect those pieces: fewer-than-expected vehicle deliveries, a large gap between production and deliveries, and a strategy that asks shareholders to look beyond car sales. The numbers arrive after the close on April 22; the explanation comes on the webcast that follows. (tesla.com) (cnbc.com)