<div id="readability-page-1"><figure><img width="1600" height="684" src="https://imageproxy.pbkrs.com/https://electrek.co/wp-content/uploads/sites/3/2024/10/Robovan_95-e1728925469514.jpg/query-cXVhbGl0eT04MiZzdHJpcD1hbGwmdz0xNjAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://electrek.co/wp-content/uploads/sites/3/2024/10/Robovan_95-e1728925469514.jpg/query-cXVhbGl0eT04MiZzdHJpcD1hbGwmdz0xNjAw"/></figure><p>Tesla (TSLA) will release its first-quarter 2026 financial results tomorrow (April 22) after the market close, with a conference call to follow. Despite leadership continuing to push the narrative that Tesla is now an “AI and robotics company,” the automotive business still drives the vast majority of Tesla’s financial performance.</p><p>Let’s look at what Wall Street and retail investors are expecting.</p><span id="more-464221"></span><h2 id="h-tesla-q1-2026-deliveries-and-energy-deployment">Tesla Q1 2026 deliveries and energy deployment</h2><p>We already know the delivery and production numbers for the quarter:</p><figure><table><tbody><tr><td> </td><td><strong>Production</strong></td><td><strong>Deliveries</strong></td><td><strong>Subject to operating lease accounting</strong></td></tr><tr><td>Model 3/Y</td><td>394,611</td><td>341,893</td><td>1%</td></tr><tr><td>Other Models</td><td>13,775</td><td>16,130</td><td>2%</td></tr><tr><td><strong>Total</strong></td><td><strong>408,386</strong></td><td><strong>358,023</strong></td><td>1%</td></tr></tbody></table></figure><p>Tesla delivered 358,023 vehicles, missing the 365,645 consensus by roughly 7,600 units. While that’s a 6.3% year-over-year increase from Q1 2025’s 336,681 deliveries, that comparison is misleading since Q1 2025 was artificially depressed by Model Y production shutdowns across all four factories for the “Juniper” refresh.</p></div>

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<p>Tesla (TSLA) is set to release its Q1 2026 financial results on April 22, following a conference call. Despite claims of being an "AI and robotics company," the automotive sector remains crucial to its financial success. In Q1 2026, Tesla delivered 358,023 vehicles, falling short of the 365,645 consensus by about 7,600 units, although this marks a 6.3% increase from Q1 2025's deliveries, which were impacted by production shutdowns for the Model Y.</p>

- Tesla (TSLA) will announce its first-quarter 2026 financial results on April 22, followed by a conference call.  
- For Q1 2026, Tesla delivered 358,023 vehicles, missing the consensus estimate of 365,645, despite a 6.3% increase from Q1 2025.  
- Although leadership emphasizes Tesla's role in AI and robotics, the automotive sector remains the primary contributor to the company's financial success.

Tesla (TSLA) Q1 2026 earnings preview: the growth story is dead