Tesla Reports 17% Increase in Quarterly Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2026
0mins
Should l Buy TSLA?
Source: Yahoo Finance
- Earnings Performance: Tesla reported a quarterly profit of $477 million, a 17% increase year-over-year, with earnings per share at 13 cents and adjusted EPS at 41 cents, surpassing Wall Street's estimate of 36 cents, indicating resilience in profitability.
- Revenue Growth: Although revenue rose to $22.39 billion, a 16% increase from last year, it fell short of analyst expectations, reflecting pressure on Tesla's market share amid competition from European and Chinese rivals.
- Future Strategy: Musk emphasized that Tesla's future focus will shift towards providing self-driving taxi services, with robotaxi miles doubling in the first quarter compared to the previous quarter, showcasing the potential of new business models.
- Increased Capital Expenditure: Tesla's capital expenditure reached $2.5 billion in the last quarter, up 67%, with expectations for over $25 billion in annual capex, indicating significant investment plans in self-driving taxis, robots, and AI infrastructure.
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Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to rise
30 Analyst Rating
12 Buy
11 Hold
7 Sell
Hold
Current: 372.800
Low
25.28
Averages
401.93
High
600.00
Current: 372.800
Low
25.28
Averages
401.93
High
600.00
About TSLA
Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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