CNBC22/04/2026Business
Tesla Q1 Earnings: Wall Street Expects 37 Cents EPS, $22.64B Revenue
Stock down 14% this year as competition from China intensifies and CEO Musk's political activities spark consumer backlash
L'essentiel
- Tesla reports Q1 results Wednesday with Wall Street expecting 37 cents EPS on $22.64B revenue, up 17% YoY.
- The stock has underperformed megacap peers, down 14% this year amid competition from China's Xiaomi and BYD, and consumer backlash over CEO Elon Musk's political activities.
- Q1 deliveries reached 358,023 vehicles, while battery storage deployments disappointed at 8.8 GWh.
Résumé généré par IA
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Tesla reports Q1 results Wednesday with Wall Street expecting 37 cents EPS on $22.64B revenue, up 17% YoY. The stock has underperformed megacap peers, down 14% this year amid competition from China's Xiaomi and BYD, and consumer backlash over CEO Elon Musk's political activities. Q1 deliveries reached 358,023 vehicles, while battery storage deployments disappointed at 8.8 GWh. Musk is pivoting to self-driving tech and humanoid robots as EV sales face pressure.
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This article was originally published by CNBC.
