Tesla Q1 revenue rises, driven by EV sales and FSD subscriptions – USA News 24 April 2026
Sales rebounded a bit from the first quarter of 2025, as Tesla throws a ton of money at massive bets like robotics, AI, and its own chip fab.
Date: April 24, 2026 | Source: TechCrunch | Category: USA News
Overview
Sales rebounded a bit from the first quarter of 2025, as Tesla throws a ton of money at massive bets like robotics, AI, and its own chip fab.
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Tesla Q1 revenue rises, driven by EV sales and FSD subscriptions Kirsten Korosec Sean O'Kane 1:57 PM PDT · April 22, 2026 Tesla saw an uptick in revenue and profit year-over-year, figures buoyed by an increase in automotive revenue and other services, including active subscriptions to its Full Self-Driving (Supervised) advanced driver assistance system, which reached 1.28 million.
Tesla shares rose 4% in after-hours trading following the release of its first-quarter earnings report, driven largely by a jump in its free cash flow, as well as increases in revenue and profit on a year-over-year basis. That share price bump was brief and ended up heading into negative territory during the company’s earnings call.
The company reported Wednesday revenue of $22.38 billion, a 16% increase from the $19.3 billion it generated in the first quarter of 2025. Its automotive revenue also rose to $16.2 billion, compared to $13.96 billion in the same year-ago period. Notably, the company reported positive free cash flow of $1.44 billion, more than double what it held in the first quarter of 2025. The figure surprised analysts who had expected the company to burn through more cash in the first quarter.
That pop in revenue, which met expectations of analysts’ surveyed by Yahoo Finance, provided a bit of good news for the company, which has grappled with lagging EV sales. Tesla delivered 358,023 EVs globally in the first three months of the year, below analysts’ expectations of around 368,000. The company also produced 408,386 vehicles during that same period, far more than it delivered.
The company’s first-quarter revenue got a bump from higher average vehicle prices, services, and active FSD subscriptions, which grew 51% year-over-year to 1.28 million.
Tesla’s business hit considerable headwinds in 2025 causing profits to fall 46% year-over-year to $3.8 billion. The dip was primarily due to lower EV sales — a problem other automakers also faced after the Trump administration ended the $7,500 federal tax credit for electric vehicles.
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Frequently Asked Questions (FAQ)
- When was this news published?
- April 24, 2026
- What is this news about?
- Sales rebounded a bit from the first quarter of 2025, as Tesla throws a ton of money at massive bets like robotics, AI, and its own chip fab.
- Which exams cover this topic?
- UPSC, SSC CGL, SSC CHSL, Railway RRB, IBPS, SBI PO, and all State PSC exams.
- Who reported this news?
- TechCrunch
Conclusion
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Source: TechCrunch
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