Tesla reports Q1 2026 earnings: Still profitable

Tesla reported Q1 2026 earnings with a 16% year-over-year revenue increase to $22.4 billion, driven by 6% growth in vehicle sales and a 42% rise in services revenue. However, its energy storage division saw a 12% revenue decline, and operating margins dropped to 4.2%, down from double-digit figures previously. Regulatory credit sales also decreased significantly.