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The Independent UK

National

Bernard Condon

Tesla profits rose in the first quarter after a tough year for its car business

Tesla Inc. United States

US Energy Crisis Electric Vehicles - (Copyright 2026 The Associated Press. All rights reserved.)

Tesla's profit rose in the first quarter as its car sales rebounded from a sharp slump in 2025.

The electric vehicle maker said it earned $477 million in the quarter, up 17% from a year ago. Earnings per share totaled 13 cents. Adjusted for certain items, per share earnings were 41 cents, topping Wall Street estimates of 36 cents.

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