CNBC22/4/2026Business
Tesla Q1 Earnings Beat Estimates on EPS but Miss Revenue
Shares rise 3% in extended trading as company faces competition from BYD, Xiaomi and consumer backlash over Musk's politics
En resumen
- Tesla reported Q1 adjusted EPS of 41 cents, beating analyst estimates of 37 cents, while revenue of $22.39 billion missed expectations of $22.64 billion.
- Shares rose 3%+ after hours.
- The company confirmed plans for more affordable Model Y and Model 3 trims as it faces intensifying competition from Chinese rivals BYD and Xiaomi, plus consumer backlash over CEO Elon Musk's political involvement.
Resumen generado por IA
Tamaño de fuente
Tesla reported Q1 adjusted EPS of 41 cents, beating analyst estimates of 37 cents, while revenue of $22.39 billion missed expectations of $22.64 billion. Shares rose 3%+ after hours. The company confirmed plans for more affordable Model Y and Model 3 trims as it faces intensifying competition from Chinese rivals BYD and Xiaomi, plus consumer backlash over CEO Elon Musk's political involvement. Automotive gross margins improved to 19.2%.
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This article was originally published by CNBC.
