Tesla reported first-quarter earnings on Wednesday that beat analysts’ estimates even as revenue came in weaker than expected.
Here’s how the company did, compared with estimates from analysts polled by LSEG:
* **Earnings per share**: 41 cents adjusted vs. 37 cents expected
* **Revenue**: $22.39 billion vs. $22.64 billion expected
Tesla’s stock has underperformed all of its megacap peers so far this year, dropping 14% as of Wednesday’s close. The company’s core automotive business continues to struggle against competition from competitors across the globe like BYD in China.
Revenue increased 16% in the quarter from $19.3 billion a year earlier.
Source: [https://www.cnbc.com/2026/04/22/tesla-tsla-q1-2026-earnings-report.html](https://www.cnbc.com/2026/04/22/tesla-tsla-q1-2026-earnings-report.html)
