Tesla, Inc. (TSLA) Falls Shy of Revenue, Beats on Profit in Q1

Tesla, Inc. (NASDAQ:TSLA) is among the 15 Best Big Name Stocks to Buy. On April 22, the company reported financial results for the first quarter of fiscal 2026, with earnings beating estimates and topline coming in shy of forecasts.

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Revenue for the quarter increased 16% from the prior year to $22.39 billion, attributed to an increase in vehicle deliveries. However, the figure missed expectations of $22.64 billion. Adjusted earnings per share came in at 41 cents, up 52% year-over-year and surpassing expectations by four cents.

Tesla, Inc. (NASDAQ:TSLA)’s automotive gross margins were recorded at 19.2%, which is more than in any quarter in the prior year. The result was driven by an increase in average selling prices and lower costs of materials, reducing the average cost per vehicle.

Capital expenditure surged 67% during the quarter to $2.49 billion, but was 40% below Wall Street’s estimates, which is likely to give the company some respite, given the annual figure is expected to top the $25 billion this year.

In other news, Wall Street continues to remain cautious on the stock with a Hold rating. Tesla has a one-year average share price target of $411.59 as of April 24, representing a 9% upside.

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company. It is a pioneer in the EV industry and has significantly contributed to the global shift toward sustainable transportation through its electric cars.

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