Tesla Q1 2026 Revenue Reaches $22.4B, Up 16% YoY; Bitcoin Fair Value Adjustment Reduces Digital Assets by $222M

Gate News message, April 23 — Tesla reported first-quarter 2026 total revenue of $22.4 billion, representing 16% year-over-year growth, according to the company’s official financial disclosure. GAAP operating profit reached $941 million, up 136% YoY, while non-GAAP net income totaled $1.453 billion, up 56% YoY.

Operating cash flow for the quarter was $3.9 billion and free cash flow was $1.444 billion. The company’s cash and short-term investments balance stood at $44.7 billion at quarter-end.

In digital assets, Tesla disclosed no bitcoin buy or sell operations during the period. The company’s digital asset book value declined from approximately $1.008 billion at the end of the prior quarter to $786 million, a decrease of approximately $222 million. The decline was attributed entirely to bitcoin fair value adjustments resulting from the cryptocurrency’s price decline.