Posted by Alumni from TechCrunch
April 23, 2026
Tesla saw an uptick in revenue and profit year-over-year, figures buoyed by an increase in automotive revenue and other services, including active subscriptions to its Full Self-Driving (Supervised) advanced driver assistance system, which reached 1.28 million. Tesla shares rose 4% in after-hours trading following the release of its first-quarter earnings report, driven largely by a jump in its free cash flow, as well as increases in revenue and profit on a year-over-year basis. That share price bump was brief and ended up heading into negative territory during the company's earnings call. The company reported Wednesday revenue of $22.38 billion, a 16% increase from the $19.3 billion it generated in the first quarter of 2025. Its automotive revenue also rose to $16.2 billion, compared to $13.96 billion in the same year-ago period. Notably, the company reported positive free cash flow 'of $1.44 billion, more than double what it held in the first quarter of 2025. The figure surprised... learn more