Tesla Q1 Revenue Up 16% YoY on Strong Automotive Business Growth

The company exceeded analysts’ expectations for revenue and EPS

April 28, 2026

/ Arjun Joshi
/ Finance and M&A, Other
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Electric vehicle (EV) maker Tesla reported total revenue of $22.39 billion for the first quarter (Q1) of 2026, a 16% year-over-year (YoY) increase from $19.34 billion, driven by higher vehicle deliveries, improved average selling prices (ASPs), and strong growth in services and other revenue.

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Arjun Joshi

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EPSFinancial ResultsRevenueTeslaUS
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