TSLA Tesla (TSLA) Q1 FY26 earnings call
Tesla is embarking on a significant capital investment phase, projecting over $25 billion in CapEx for 2026 to scale AI, manufacturing, and new product lines like Optimus and Cybercab, which is expected to result in negative free cash flow for the year. The company saw sequential improvements in auto and energy storage margins, driven by demand resurgence and one-time benefits, while advancing FSD capabilities and Robotaxi expansion globally.
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TSLA operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Energy storage deployed | 8.8 GWhIn Q1, we deployed 6 -- 8.8 gigawatt hour of energy storage, a 38% sequential decline.Source: earnings call transcript | 13.5 GWhIn Q2, we deployed 13.5 gigawatt hour of energy storage, a 53% sequential increase and the second largest quarter for energy business.Source: earnings call transcript | 13.7 GWhOn the energy business, we had our second best quarter of deployments of 13.7 gigawatt hour of energy storage.Source: earnings call transcript | +1.5% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.