Tesla TSLA is slated to launch first-quarter 2026 outcomes on April 22, after the closing bell. The Zacks Consensus Estimate for earnings and revenues is pegged at 36 cents per share and $21.92 billion, respectively.
The consensus mark for earnings has declined 2 cents over the previous seven days. The bottom-line estimate implies a 33.3% improve from the year-ago degree. The Zacks Consensus Estimate for quarterly revenues suggests year-over-year progress of 13.4%.
The firm beat earnings estimates in two of the trailing 4 quarters and missed within the different two, delivering a median damaging shock of seven.66%.
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In the primary quarter, Tesla delivered 358,023 automobiles (together with 341,893 Model 3/Y and 16,130 different fashions), beating our estimate of 343,949 models. Deliveries declined sequentially however rose a modest 2.2% yr over yr. High competitors, cooling EV demand put up the withdrawal of federal tax incentives and an growing old car lineup restricted supply progress.
We anticipate revenues from automotive gross sales to improve 10.1% within the to-be-reported quarter. Gross margins from automotive gross sales are anticipated at 16%, up from 15% within the year-ago interval. Year-over-year supply progress and anticipated margin growth are probably to help the corporate’s upcoming outcomes.
Tesla is positioned to profit from rising Energy Generation and Storage revenues, supported by robust demand for Megapack and Powerwall. Deployments have grown at a 168% CAGR over the previous three years, with additional momentum anticipated from the rollout of Megapack 3 and Megablock.
In the primary quarter of 2026, Tesla deployed 8.8 GWh of vitality storage. Our estimate for Energy Generation & Storage revenues is pegged at $3.39 billion, suggesting 24% year-over-year progress.
Tesla’s charging division is anticipated to have boosted profitability, supported by its international community of greater than 77,000 connectors and the adoption of its North American Charging Standard by main automakers similar to Ford, General Motors and Mercedes-Benz, making it a promising income stream. Our estimate for revenues from the Services/Other unit is pegged at $3.37 billion, implying 27.8% year-over-year progress.
Tesla plans to improve capital expenditures to roughly $20 billion this yr, considerably above final yr’s $8.5 billion and its prior peak of $11.3 billion in 2024, because it accelerates investments in AI, autonomous driving and robotics. However, with monetization from AI, robotaxis and Optimus probably years away, this elevated spending may stress near-term financials even because it helps long-term progress.
