Overview
- Tesa, which reported after Wednesday's close, posted $22.39 billion in revenue and $0.41 in EPS, topping select estimates as shares rose roughly 3%–4% in after-hours trading.
- Vehicle deliveries totaled 358,023 in the quarter, missing consensus, while free cash flow came in at $1.4 billion versus Wall Street’s expected outflow.
- Software traction grew as Full Self-Driving subscriptions reached about 1.28 million, and Tesla extended its unsupervised Robotaxi service to Dallas and Houston following earlier launches in Austin and the Bay Area.
- The company kept a capital plan above $20 billion for 2026 and said volume production of the Cybercab and Tesla Semi is expected this year, with an Optimus robot factory line starting in Q2 that Tesla says is designed for 1 million units per year.
- Tesla highlighted AI progress such as the AI5 chip design tapeout and pointed to new markets and regulatory steps, including Dutch approval of FSD Supervised, even as competition from low-cost Chinese EV makers keeps pressure on the core car business.