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Tesla reports Q1 2026 revenue of $22.39 billion as NHTSA opens new Texas crash probe

Tesla reported Q1 2026 revenue of $22.39 billion, up 16% year over year, and earnings per share of $0.41, ahead of the $0.30 consensus estimate. Active Full Self-Driving (FSD) subscriptions rose 51% to 1.28 million, and the company has begun unsupervised Robotaxi testing in Dallas and Houston while receiving regulatory approval for FSD in parts of Europe. The company said a new NHTSA investigation tied to a Texas crash centers on driver intervention, which it described as the primary cause. Tesla shares are around $375, versus an average analyst price target of $411.91.
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