The car manufacturer Tesla has reported revenues of 22.39 billion dollars (about 19.127 billion euros) in the first quarter of the year, 16% more than in the same period of 2025. The average analyst estimate was slightly higher, at 22.6 billion dollars, according to data compiled by LSEG. However, deliveries increased by 6.3% compared to the previous year, thus boosting profits by 17%, to 477 million, compared to 409 million 12 months ago, when discontent over the political direction of its CEO and co-founder, Elon Musk, affected demand,
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Despite being the second weakest quarterly figure in the last five years, Wall Street’s initial reaction has been positive: shares of the Austin, Texas-based company rose almost 4% in after-market trading. The firm is currently valued at 1.4 trillion dollars, making it the tenth largest on the planet by stock market value, just behind Meta and ahead of Walmart.
By segments, vehicle sales brought the company 16.234 billion dollars, 16% more than a year ago; energy generation and storage 2.408 billion, 12% less, and services and other businesses 3.745 billion, a 42% increase.
Tesla’s core business in the automotive sector has been under pressure as its competitors launch new models, often at lower prices. And the end of the electric vehicle tax incentive in the United States has exacerbated the situation. Tesla is developing a completely new, smaller, and more economical electric SUV, with plans to start production in China and potentially expand it to the US and Europe. The project is still in the early stages of development and is not expected to enter production in the short term.
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All these problems, however, are taking a back seat. Investors are increasingly focusing their attention on Musk’s push for autonomous driving technology and robotics, seeking clearer evidence that the autonomy narrative is moving from a promise to a commercial reality. Tesla’s energy generation and storage unit has solidified as a key strength, driven by sustained demand for large-scale batteries that support renewable energy and help stabilize power grids. Tesla began deploying its robotaxis in Dallas and Houston, it announced on Saturday, marking the largest expansion of its nascent service in the United States since its launch in Austin, Texas, last year.
Musk has repeatedly insisted on ambitious deployment targets, only to later reduce them to a limited number of large cities. He stated that Tesla aims to expand its robotaxi services to about seven metropolitan areas during the first half of the year, although the company has missed similar deadlines in the past. The Dutch vehicle authority RDW has notified the European Commission of its plan to seek approval across the European Union for the full self-driving software system, the regulator reported earlier this month. It has notified the European Commission of its intention to obtain EU-wide authorization.
Musk stated earlier this year that Tesla planned to begin production of its Cybercab, a vehicle designed specifically for this purpose, in April, describing it as a fully autonomous vehicle, without a steering wheel or pedals.
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