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Tesla beats Q1 estimates with strong auto margins and AI investments, raising 2026 capex to $25B.

Company Fundamentals
23 Apr 2026
Proactive Investors
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Bullish
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Tesla's Q1 earnings surpassed expectations with automotive margins hitting 19.2% and earnings per share at $0.41. Growth in Full Self-Driving subscriptions reached about 1.28 million, highlighting Tesla's focus on autonomy and AI. The company raised its 2026 capital expenditure guidance to $25 billion to fund new factories and AI projects, including the Optimus robot program. Analysts remain positive, viewing Tesla's AI and autonomy strategy as key drivers for future growth, with broader rollout of unsupervised Full Self-Driving expected by late 2026.

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