---
title: "Tesla (TSLA) Q1 2026 earnings preview: the growth story is dead"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283467331.md"
description: "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."
datetime: "2026-04-21T09:06:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283467331.md)
  - [en](https://longbridge.com/en/news/283467331.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283467331.md)
---

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

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.

Let’s look at what Wall Street and retail investors are expecting.

## Tesla Q1 2026 deliveries and energy deployment

We already know the delivery and production numbers for the quarter:

**Production**

**Deliveries**

**Subject to operating lease accounting**

Model 3/Y

394,611

341,893

1%

Other Models

13,775

16,130

2%

**Total**

**408,386**

**358,023**

1%

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.

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