Tesla achieved revenue of 22.39 billion US dollars in the first quarter, a 16 percent increase year-over-year. Deliveries rose 6.3 percent to 358,023 vehicles. The stock gained over three percent in after-hours trading.
Tesla, led by Elon Musk, reported first-quarter revenue up 16 percent to 22.39 billion US dollars. Worldwide deliveries climbed 6.3 percent to 358,023 vehicles, following a 13 percent drop in the prior-year quarter. The stock rose over three percent in after-hours trading, as confirmed by multiple reports.
Reports differ on profit figures: DIE ZEIT cites a 17 percent increase to 477 million US dollars, while another mentions a 56 percent rise to about 1.5 billion US dollars. Cash flow reportedly doubled to 1.4 billion US dollars, exceeding expectations.
The recovery follows sales slumps in early 2025, due to a Model Y production update, controversies over Musk's support for US President Donald Trump, and the end of a 7,500-dollar EV tax credit in late September 2025. Tesla introduced cheaper versions of Model 3 and Model Y. Musk stated the future lies in self-driving robotaxis and humanoid robots. In April, Tesla received approval in the Netherlands for Full Self-Driving with a safety driver.
The company produces the Model Y at its plant in Grünheide near Berlin. Demand remains strong in Asia and South America, recovering in Europe and North America.