Tesla TSLA is slated to release first-quarter 2026 results on April 22, after market close. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at 36 cents per share and $21.9 billion, respectively.
The earnings estimate for the to-be-reported quarter has been revised downward by a cent over the past seven days. The bottom-line projection, however, indicates year-over-year growth of 33%. The Zacks Consensus Estimate for quarterly revenues suggests year-over-year growth of 13%.
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For full-year 2026, the Zacks Consensus Estimate for TSLA’s revenues is pegged at $101 billion, implying a rise of 6.5% year over year. The consensus mark for 2026 EPS is pegged at $2.02, suggesting an uptick of around 22% on a year-over-year basis.
In the trailing four quarters, this electric vehicle (EV) and technology giant topped EPS estimates on two occasions for as many misses, with the average negative earnings surprise being 7.66%.
Tesla, Inc. price-eps-surprise | Tesla, Inc. Quote
Our proprietary model doesn’t conclusively predict an earnings beat for Tesla this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
TSLA has an Earnings ESP of -19.36% and a Zacks Rank #3.
You can see the complete list of today’s Zacks #1 Rank stocks here.
In the first quarter, Tesla delivered 358,023 vehicles (including 341,893 Model 3/Y and 16,130 other models), beating our model estimate of 343,949 units. Deliveries declined sequentially but rose a modest 2.2% year over year. Tesla also managed to edge past BYD Co Ltd BYDDY in first-quarter EV deliveries and reclaim the top spot. BYD’s pure EV sales declined 25% year over year to 310,389 units, while total new-energy vehicle volumes dropped 30%, reflecting softer demand in China.
We expect Tesla’s total automotive revenues to increase 7% in the to-be-reported quarter to roughly $15 billion. Year-over-year growth in vehicle deliveries and automotive sales is likely to support the company’s upcoming results. Meanwhile, Tesla’s energy storage deployments totaled 8.8 GWh in the first quarter of 2026, missing our estimate of 12.45 GWh. It declined both on a sequential and yearly basis. Nonetheless, this is the most lucrative segment of the company, and our model expects gross profit from the Energy Generation and Storage business to grow 13% year over year in the to-be-reported quarter.
