CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
Tesla (TSLA) posted Q1 adjusted EPS of $0.41 vs. $0.27 (+52%), ahead of the $0.35 consensus. Net sales rose 16% to $22.39B ($190M ahead of consensus) and gross margin expanded 480 bps to 21.1% (280 bps ahead of consensus). On the Automotive side, a 16% revenue increase was driven by higher average selling prices, favorable foreign exchange impacts of approximately $900M, and 6% higher volumes. The Services and Other segment was the standout performer, as revenue was up 42%, primarily driven by Full Self-Driving (FSD) subscription growth, which reached 1.28M active users (+51% Y/Y). This helped boost Tesla's cash and liquidity position, as it ended Q1 with cash and equivalents of approximately $44.7B (vs. $44.1B at the end of 2025). TSLA shares traded 4% higher after hours. One of the primary concerns weighing on TSLA's YTD performance has been its $20B+ capex guidance for 2026, which was much higher than expected. We expect any revisions to this guidance to be a key area of inquiry on its conference call.