Tesla Q1 revenue rises, driven by EV sales and FSD subscriptions
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By Sean O'Kane
Published on April 22, 2026.
Tesla reported a significant increase in Q1 revenue and profit year-over-year, largely due to increased automotive revenue and other services, including subscriptions to its Full Self-Driving advanced driver assistance system. The company's shares rose 4% following the release of its earnings report. Revenues of $22.38 billion, a 16% increase from the $19.3 billion generated in Q19.09, and automotive revenue rose to $16.2 billion, compared to $13.96 billion the same year-ago period. However, Tesla's business faced significant headwinds in 2025, with profits decreasing 46% year-to-year to $3.8 billion due to lower EV sales. Despite these improvements, Tesla still relies heavily on its traditional EV business and service and subscription services.
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