Tesla’s financial performance improved significantly during the first quarter as the electric vehicle manufacturer recovered from challenging vehicle sales throughout 2025.
The company reported quarterly earnings of $477 million, representing a 17% increase compared to the same period last year. Tesla posted earnings of 13 cents per share, though when accounting for specific adjustments, the per-share figure reached 41 cents, surpassing analyst predictions of 36 cents.
Total company revenue climbed to $22.39 billion, driven primarily by automotive sales that jumped 16% during the quarter.
Company leader Elon Musk continues to stress that Tesla’s long-term strategy focuses more on autonomous ride services than traditional vehicle sales, along with developing robotic technology for residential and commercial use. The company reported that miles traveled by its robotaxi fleet increased by 100% in the first quarter when compared to the previous quarter.
Tesla plans to launch robotaxi operations in additional metropolitan areas throughout this year. The company has also started manufacturing its Cybercab vehicles, which operate without traditional steering wheels or foot pedals.
Following the earnings announcement, Tesla stock prices increased nearly 4% during extended trading hours.
