Tesla reported a mixed set of Q1 results, with earnings beating expectations, despite revenue falling short. The group posted adjusted EPS of 41 cents, above the 37 cents anticipated by analysts, while revenue came in at $22.39bn, shy of the $22.64bn forecast. Notwithstanding the top-line disappointment, the stock climbed over 3% in after-hours trading.
Revenue nevertheless rose 16% y-o-y to $22.39bn, up from $19.3bn a year earlier. The automotive segment, the group's primary driver, also grew by 16% to $16.2bn, but remains under pressure from intensifying competition, notably from international manufacturers such as BYD. Tesla shares have retreated 14% YTD, reflecting these headwinds.
To bolster demand, the company plans to launch more affordable versions of its Model 3 and Model Y vehicles. Meanwhile, the energy business, which includes solar and storage solutions, declined 12% y-o-y to $2.41bn, confirming a slowdown in that segment.
Tesla, Inc. designs, builds, and sells electric vehicles. Net sales break down by activity as follows:
- sale of automotive vehicles (69.4%);
- sale of energy generation and storage systems (13.5%);
- services (13.2%): primarily maintenance and repair services. The group also develops sale of power train assembly components for electric vehicles activity;
- automotive credits (2.1%);
- automotive leasing (1.8%).
At the end of 2025, the group had 8 manufacturing sites located in the United States (5), China (2) and Germany.
Net sales are distributed geographically as follows: the United States (50.2%), China (22.1%) and other (27.7%).
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
