Tesla reported higher Q1 CY2026 revenue and profit, driven by pricing, services, and rising Full Self-Driving subscriptions. Free cash flow more than doubled, though deliveries missed estimates. The company flagged negative cash flow ahead due to heavy capex as it pivots toward AI and robotics, while expanding in India with the Model Y L launch.
Mumbai: US automaker Tesla reported higher revenue and profit year‑on‑year in Q1 CY2026, buoyed by higher average vehicle prices, services and rise in subscriptions to its full self‑driving (supervised) system.
The electric‑vehicle maker said revenue rose to $22.38 billion in the quarter, up 16 per cent from $19.3 billion in previous year, while automotive revenue increased to $16.2 billion from $13.96 billion in the same period of 2025.
The auto manufacturer reported net income of $477 million, compared with $409 million in the first quarter of 2025.
The company saw a jump in its free cash flow to $1.44 billion, more than double the prior‑year quarter. Tesla shares rose 4 per cent following the release of its first-quarter earnings report.
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