Tesla reported producing 408,386 electric vehicles in the first quarter of 2026, a 12.6 percent increase from the previous year. However, deliveries rose by only 6.3 percent to 358,023 vehicles, leaving about 50,000 more cars in inventory. Energy storage deployments also fell short.
Tesla released its Q1 2026 production and delivery figures on April 2, showing a production total of 408,386 electric vehicles. This marked a 12.6 percent year-over-year increase, driven largely by Models 3 and Y, of which the company built 394,611 units—a 14.2 percent rise from Q1 2025. The figures indicate Tesla has retired its Model S and X lines, with remaining production focused on newer models like the Cybertruck. Tesla announced the end of Model S and X production at the end of January. Deliveries totaled 358,023 vehicles, up 6.3 percent from last year, but trailed production growth. For Models 3 and Y, sales reached 341,893 units, a 5.6 percent increase. Sales of other models, including the Cybertruck, Model S, and Model X, dropped 19.7 percent to 13,775 units. This mismatch resulted in an inventory buildup of roughly 50,000 vehicles. Tesla's energy storage business saw deployments of 8.8 GWh, down 15 percent year over year. Both vehicle deliveries and energy storage fell below analyst expectations.
