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Tesla (TSLA) Q1 2026 earnings preview: the growth story is dead

Tesla Robotaxi and robobus hero

Tesla (TSLA) will release its first-quarter 2026 financial results tomorrow (April 22) after the market close, with a conference call to follow. Despite leadership continuing to push the narrative that Tesla is now an “AI and robotics company,” the automotive business still drives the vast majority of Tesla’s financial performance.

Let’s look at what Wall Street and retail investors are expecting.

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Tesla launches ‘Robotaxi’ in Houston and Dallas with tiny geofences

Tesla Robotaxi Houston and Dallas expansion

Tesla announced today that its “Robotaxi” service is now rolling out in Dallas and Houston, marking the company’s first expansion beyond Austin and San Francisco. The company shared maps of the two new service areas, which appear to cover small slices of each city.

The Houston geofence covers approximately 25 square miles, according to early user analysis of the maps, while the Dallas zone appears to center around the Highland Park area. For context, Tesla’s Austin geofence has grown to roughly 245 square miles after months of gradual expansion — but that took nearly a year to reach from an initial 20-square-mile footprint.

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Tesla ‘Full Self-Driving’ crashed through railroad gate seconds before train

Tesla FSD train near miss

A Texas Tesla owner says he punched the accelerator to outrun an oncoming train after his car on “Full Self-Driving” drove itself through a lowered railroad crossing arm as the train closed in on the tracks.

Joshua Brown, who says he has logged more than 40,000 miles using Tesla’s driver assist, described the incident as the first time FSD has ever “let me down.”

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Rivian R2 vs Tesla Model Y spotted side-by-side: Detailed size comparison

Tesla Model Y next to Rivian R2 - via Reddit

New photos of the Rivian R2 parked next to the Tesla Model Y are making the rounds on social media, and they offer a great look at how these two critical electric SUVs actually compare in size. The R2 is shorter in length but noticeably taller, with a boxier, more rugged profile.

We decided to dig into the numbers and put together a full dimension-by-dimension breakdown — and the efficiency comparison is where things get really interesting.

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Tesla China denies developing new smaller, cheaper SUV — but take it with a grain of salt

Tesla cheaper Model render

Tesla China has denied a Reuters report claiming the automaker is developing a new compact electric SUV. The denial comes just one day after we reported on the original Reuters exclusive citing four sources.

The denial was reported by Chinese financial wire Cailian Press (财联社), a major and well-established Chinese business news service. Tesla China told the outlet that “market information claiming that Tesla is developing a new, smaller, and cheaper electric SUV is inaccurate.”

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Musk falsely claims Tesla FSD is 10X safer than humans, complains about lawsuits

Tesla Self-Driving

Elon Musk claimed this week that Tesla’s “Full Self-Driving” is so much safer than human drivers that it could save 90% of the roughly one million lives lost in car crashes globally each year — a 10X improvement in safety.

The problem is that Tesla has never released the data that would support anything close to that claim, and Musk is already using it to pre-frame the lawsuits Tesla is facing over FSD crashes as an unavoidable cost of progress.

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Tesla (TSLA) Q1 2026 deliveries miss expectations at 358,000, builds 50,000 excess vehicles

Tesla family hero

Tesla released its Q1 2026 production and delivery results today, confirming 358,023 vehicle deliveries — about 7,600 units below the Wall Street consensus of 365,645 vehicles.

More concerning than the miss itself is the gap between production and deliveries. Tesla produced 408,386 vehicles during the quarter but only delivered 358,023, adding over 50,000 vehicles to inventory in a single quarter.

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Tesla is one step away from having to recall FSD in NHTSA visibility crash probe

Tesla Full Self-Driving Beta 10.69 barrier

NHTSA has escalated its investigation into Tesla’s “Full Self-Driving” system’s inability to handle reduced visibility conditions, upgrading the probe to an Engineering Analysis covering an estimated 3,203,754 vehicles — the step that typically precedes a recall.

The agency found that FSD’s degradation detection system fails to warn drivers when cameras are blinded by common road conditions like sun glare and fog, and that Tesla may be under-reporting related crashes.

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Tesla sends Canadian Model 3 inventory to the US as it expects Chinese EVs back

EV adoption

Tesla has wiped its entire Canadian Model 3 inventory, and according to sources familiar with the matter, the automaker sent the US-built units back to the United States.

The move comes as Canada officially opened its new Chinese EV import program on March 1, allowing up to 49,000 Chinese-built electric vehicles into the country at a drastically reduced 6.1% tariff, down from the 100% surtax that had blocked imports since 2024.

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Tesla Europe registrations rise 10% in February — but the bar was already on the floor

Tesla family hero

Tesla registered 17,425 vehicles across 15 major European markets in February 2026, a 10% increase compared to February 2025. It’s the first meaningful year-over-year growth Tesla has posted in Europe in over a year.

But let’s put this in context: Tesla is comparing against Q1 2025, which was a total bloodbath for the automaker in Europe. And despite the February bump, Tesla’s year-to-date registrations are essentially flat, 25,451 units in January-February 2026 versus 25,474 in the same period last year.

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Tesla launches Model Y 7-seater in Europe for +€2,500 — but the Model YL is what buyers want

Tesla Model Y 3rd row vs Model YL

Tesla has launched the seven-seat option for the Model Y Juniper in Europe, adding a €2,500 third-row option to the Long Range All-Wheel Drive configuration. Deliveries are expected to begin in April.

The problem is that no one was really asking for this. The Model Y’s third row remains comically small, and with the stretched Model YL, which has an actual usable third row, in China, the timing of this launch is questionable at best.

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Tesla has to pay historic $243 million judgement over Autopilot crash, judge says

Tesla kills Autopilot

A federal judge has rejected Tesla’s bid to overturn a $243 million jury verdict over a fatal 2019 Autopilot crash in Florida, dealing a significant blow to the automaker’s legal strategy as it faces a growing wave of lawsuits tied to its driver-assistance technology.

U.S. District Judge Beth Bloom in Miami ruled that the evidence at trial “more than supported” the verdict and that Tesla raised no new arguments to justify setting it aside. The ruling, made public on Friday, means Tesla’s last hope to avoid paying the massive judgment at the trial court level has been exhausted.

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Elon Musk kills first Tesla Cybertruck ($60k) that makes sense just 10 days after launch

Tesla Cybertruck sand

Tesla just launched the most compelling version of the Cybertruck it has ever offered — a dual-motor all-wheel-drive model starting at $59,990, and CEO Elon Musk is already signaling that it won’t last.

In a post on X, Musk responded to the announcement of the new AWD Cybertruck with a cryptic but damning three words: “Only for the next 10 days.”

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Tesla fans think this reviewer will have to shave his hair due to Musk’s $30,000 Cybercab claim

MKBHD Tesla Cybercan Elon Musk

Elon Musk has reiterated his claim that Tesla will sell the Cybercab directly to consumers for under $30,000 before the end of the year, following the first production unit rolling off the line at Giga Texas on February 17. The announcement immediately set Tesla fans ablaze, not with discussions about the vehicle’s autonomy challenges, but with AI-generated images of YouTuber Marques Brownlee sporting a freshly shaved head.

Calm down, everyone. You almost certainly won’t get to see MKBHD’s bare head.

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Tesla admits it still needs drivers and remote operators — then argues that’s better than Waymo

Tesla Robotaxi hero

Tesla filed new comments with the California Public Utilities Commission that amount to a quiet admission: its “Robotaxi” service still relies on both in-car human drivers and domestic remote operators to function. Rather than downplaying these dependencies, Tesla leans into them — arguing that its multi-layered human supervision model is more reliable than Waymo’s fully driverless system, pointing to the December 2025 San Francisco blackout as proof.

The filing, submitted February 13 in CPUC Rulemaking 25-08-013, reveals the massive operational gap between what Tesla calls a “Robotaxi” and what Waymo actually operates as one.

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Tesla launches Cybertruck V2G program in Texas, earning money with your truck’s battery pack

Tesla has launched its first vehicle-to-grid (V2G) program in the United States, starting in select Texas markets. The “Powershare Grid Support” program allows Cybertruck owners to discharge their truck’s massive 123 kWh battery, equivalent to roughly nine Powerwalls, back to the grid during high-demand events and earn bill credits in return.

The announcement, made by Tesla Energy on social media, marks a significant milestone for a company that has been promising bidirectional charging capabilities for years but has consistently delayed delivering them across its vehicle lineup.

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Tesla files new Roadster trademark with new silhouette

Tesla new Roadster concept based on trademark silhoutte

Tesla has filed two new trademark applications for the Roadster, including one that reveals what appears to be the first official updated silhouette of the long-delayed electric sports car.

The filings, submitted to the United States Patent and Trademark Office on February 3, offer a glimpse at the branding Tesla plans to use for the vehicle that has been “coming next year” for nearly a decade.

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Two Tesla board members are all over the Epstein files: what happens next?

How far are you willing to go to make a buck? For Tesla shareholders, looking the other way when two board members had close relationships with the head of a sex trafficking organization, and lied about it, is evidently on the table.

The newly released Epstein files contain extensive correspondence involving not one, but two current Tesla board members, CEO Elon Musk and his brother Kimbal Musk. The documents directly contradict Elon’s public claims about his relationship with the convicted sex offender, reveal that Epstein was arranging women for Kimbal, and show the kind of conduct that would end careers at any company with functioning corporate governance.

But Tesla isn’t any company. And Tesla shareholders have made it abundantly clear that stock price is all that matters.

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