Tesla Inc. (NASDAQ:TSLA) is all set to report its first-quarter 2026 earnings on Wednesday after market close. Here’s a look at the major events surrounding Tesla this past quarter.
Old Models Out, Q1 Deliveries
Tesla CEO Elon Musk had shared during the fourth quarter of 2025’s earnings call that the company was going to sunset its premium Model S and Model X vehicles in a pivot towards autonomous driving and robotics. Musk had also said that Tesla’s Fremont, California, facility would be focusing on producing the Optimus Robots, targeting a million units annually in the future.
The EV giant also recently released its Q1 2026 delivery figures, which missed market expectations as Tesla delivered over 358,000 vehicles worldwide, producing 408,000 vehicles. The gap between the vehicles produced and vehicles sold illustrated that 50,000 Tesla vehicles sit unsold in the company’s lots.
New Model Buzz
Social media posts by Musk also pointed towards Tesla possibly developing new models, including a new 7-seater model in the works.
Tesla is also reportedly developing a new, affordable model for its lineup. The new models could mark a shift in focus back to Tesla’s core auto business, which recently was hailed by Musk as Tesla outsold its rivals in the U.S. auto industry.
SpaceX Merger?
This past quarter also had considerable buzz around a possible merger between SpaceX and Tesla following SpaceX’s acquisition of Musk’s artificial intelligence company xAI. However, investors have warned against the merger, sharing that there could be a “20-25% reduction” in the value of the EV giant’s stock.
Tesla’s Earnings
As the EV maker prepares for its earnings conference, the top question among investors remains about the development and progress of the EV giant’s Optimus V3 robot, as well as questions related to its FSD system.
During the last quarter, Tesla reported a revenue of $24.9 billion during the fourth quarter of 2025. The figure beat analyst estimates of $24.78 billion. The company also reported an EPS earnings of 50 cents per share, beating market estimates of 45 cents.
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Originally Posted April 21, 2026 – Tesla Q1 2026 Earnings Preview: Key Events From The Past Three Months
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