Tesla Inc. is set to report its first-quarter 2026 earnings. Here’s a look at the major events surrounding the company this past quarter.
Old Models Out, Q1 Deliveries
Tesla CEO Elon Musk announced that the company would be discontinuing its premium Model S and Model X vehicles, shifting focus towards autonomous driving and robotics. The company’s Fremont, California facility will now focus on producing the Optimus Robots, with a target of one million units annually.
The company recently released its Q1 2026 delivery figures, which missed market expectations. Tesla delivered over 358,000 vehicles worldwide, producing 408,000 vehicles. This resulted in 50,000 unsold vehicles in the company’s inventory.
New Model Buzz
Social media posts from Musk suggest that Tesla may be developing new models, including a 7-seater model. The company is also reportedly working on a new, affordable model for its lineup. These new models could mark a shift in focus back to Tesla’s core auto business.
SpaceX Merger?
There have been rumors of a possible merger between SpaceX and Tesla, following SpaceX’s acquisition of Musk’s artificial intelligence company xAI. However, investors have warned against the merger, citing a potential 20-25% reduction in Tesla’s stock value.
Tesla’s Earnings
As Tesla prepares for its earnings conference, investors are eager to hear about the development and progress of the company’s Optimus V3 robot and FSD system. In the last quarter, Tesla reported a revenue of $24.9 billion, beating analyst estimates. The company also reported an EPS of 50 cents per share, exceeding market expectations.
Price Action
Tesla’s stock price declined 2.03% to $392.50 at market close on Monday, but surged 0.26% to $393.51 during overnight trading.
Outlook
According to rankings, Tesla offers satisfactory momentum but poor value. The company provides a favorable price trend in the long term. Investors will be closely watching Tesla’s earnings report for any updates on the company’s future plans and progress.