Tesla (TSLA) released its financial results and shareholders’ letter for the first quarter (Q1) 2026 after market close today. We are updating this post with all the details from the financial results, shareholders’ letter, and the conference call later tonight. Refresh for the latest information. Tesla Q1 2026 earnings expectations As we reported in our Tesla Q1 2026 earnings preview yesterday, the Wall Street consensus for this quarter was $22.3 billion in revenue and earnings of $0.37 per share. The expectations represent a return to year-over-year growth for Tesla after several quarters of decline, with Wall Street expecting roughly 14% revenue growth and 33% EPS growth compared to Q1 2025’s dismal results of $19.335 billion in revenue and $0.27 per share. Advertisement - scroll for more content However, several data points already suggest the quarter won’t be as rosy as Wall Street expects. Tesla delivered 358,023 vehicles in Q1 2026, missing expectations by roughly 7,600 units. The company also built over 50,000 more vehicles than it sold, signaling significant inventory buildup. Energy storage deployment dropped 38% sequentially to 8.8 GWh, well below the 12-14 GWh analyst consensus. How did Tesla do compared to expectations? Tesla Q1 2026 financial results After the market closed today, Tesla released its financial results for the first quarter and confirmed that it beat expectations with earnings of $0.41 per share (non-GAAP), and it delivered revenue expectations with $22.38 billion during the last quarter. We will be posting our follow-up posts here about the earnings and conference call to expand on the most important points (refresh the page to see the most recent posts): Here’s Tesla’s Q1 2026 shareholder presentation in full: TSLA-Q1-2026-UpdateDownload Here’s Tesla’s conference call for the Q1 2026 results: Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast. Stay up to date with the latest content by subscribing to Electrek on Google News. You’re reading Electrek— experts who break news about Tesla, electric vehicles, and green energy, day after day. Be sure to check out our homepage for all the latest news, and follow Electrek on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our YouTube channel for the latest reviews.