Tesla reported first-quarter 2026 earnings after market close on April 22, 2026, with revenue of $21.3 billion and adjusted earnings per share of $0.45, both exceeding analyst expectations. The stock rose approximately 4% in after-hours trading following the announcement.
The company confirmed it is preparing its first large-scale Optimus humanoid robot factory in Fremont, California, with production expected to begin in the second quarter of 2026. This involves replacing the Model S and Model X production lines, though Tesla has not announced discontinuation of these models.
Tesla also stated it is preparing its Gigafactory in Texas for a second-generation Optimus robot, with initial production planned for later in 2026. The company emphasized that Optimus is a key part of its long-term growth strategy beyond automotive.
Automotive revenue for Q1 2026 was $17.3 billion, down slightly from the prior quarter, while energy generation and storage revenue reached $1.5 billion, up 25% year-over-year. Tesla reiterated its goal of delivering 2.2 million vehicles in 2026.
