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Tesla Reports a 17% Year-on-Year Surge in Net Profit for Q1, Driven by 'Demand Recovery'
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Author：小编
On April 23, Beijing time, Tesla unveiled its financial performance for the first quarter of 2026. According to the report, which adheres to U.S. Generally Accepted Accounting Principles (GAAP), Tesla's total revenue for the quarter reached $22.387 billion, marking a 16% increase compared to the same period last year. The net profit attributable to common shareholders stood at $477 million, up by 17% year-on-year. Furthermore, Tesla's operating profit for the first quarter soared to $941 million, reflecting a remarkable 136% year-on-year growth, with an operating profit margin of 4.2%.
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