Tesla Beats First-Quarter Expectations Amid Business Pivot To Robotics, AI

BreakingInnovationTesla Beats First-Quarter Expectations Amid Business Pivot To Robotics, AIByAlicia Park,Fellow. I cover tech and innovation.Follow AuthorApr 22, 2026, 04:34pm EDTApr 22, 2026, 04:47pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineTesla beat Wall Street expectations in its first earnings report this year, following a recent decline in its core auto business as the company shifts its focus to self-driving taxis, humanoid robots and AI infrastructure. (Photo by Nora Tam/South China Morning Post via Getty Images)South China Morning Post via Getty ImagesKey FactsTesla reported first-quarter revenue of $22.39 billion and $0.41 earnings per share, beating FactSet estimates of $22.19 billion and $0.35 per share. Revenue grew 16% from the same quarter last year.Tesla delivered just over 358,000 vehicles in the first quarter—up 6% year-over-year, but missing the company’s compiled consensus of 365,645 and FactSet projections of 381,000—in the second-worst quarter for car sales since 2022.Shares rose 4% in after-hours trading and are down 11% this year. if (!window.cnxel) { window.cnxel = {}; window.cnxel.cmd = []; var iframe = document.createElement('iframe'); iframe.style.display = 'none'; iframe.onload = function() { var iframeDoc = iframe.contentWindow.document; var script = iframeDoc.createElement('script'); script.src = '//cd.elements.video/player.js?cid=62cec241-7d09-4462-afc2-f72f8d8ef40a'; script.setAttribute('defer', '1'); script.setAttribute('type', 'text/javascript'); iframeDoc.body.appendChild(script); }; document.head.appendChild(iframe); const preloadResourcesEndpoint = 'https://cds.elements.video/a/preload-resources-ovp.json'; fetch(preloadResourcesEndpoint, { priority: 'low' }) .then(response => { if (!response.ok) { throw new Error('Network response was not ok', preloadResourcesEndpoint); } return response.json(); }) .then(data => { const cssUrl = data.css; co...