EVwire brief: Tesla reported 358,023 vehicle deliveries in Q1 2026, alongside production of 408,386 units.
The results were driven primarily by the Tesla Model 3 and Tesla Model Y, which accounted for 341,893 deliveries and 394,611 vehicles produced.
Higher-end models, including Model S, Model X, and Cybertruck, contributed 16,130 deliveries and 13,775 units produced.
Tesla also deployed 8.8 GWh of energy storage products during the quarter, highlighting continued growth in its energy business.
The company will release full financial results on April 22, followed by a live Q&A webcast with management.
Tesla’s Q1 2026 delivery consensus stood at roughly 365,000 vehicles, based on company-compiled analyst estimates.
Tesla’s company-compiles estimates were sourced from Daiwa, DB, Cowen, Canaccord, Baird, Wolfe, Exane, GS, RBC, Evercore ISI, Barclays, Mizuho, BofA, Wells Fargo, Morgan Stanley, Truist, UBS, Jefferies, JPM, Needham & Co, HSBC, Cantor Fitzgerald, and William Blair.
Tesla’s Q1 2026 deliveries are still dominated by the Model Y and Model 3
Tesla’s Year over Year comparisons
Tesla's Q1 2026 showed a clear recovery from the weak Q1 2025, which was heavily impacted by the major Model Y production changeover. Total vehicle production rose 12.6% year-over-year to 408,386 units in Q1 2026 from 362,615 in Q1 2025, driven mainly by higher Model 3/Y output (394,611 vs 345,454).
Deliveries grew more modestly by 6.3% to 358,023 vehicles from 336,681, with Model 3/Y deliveries increasing 5.6% to 341,893 from 323,800. Other models (comprised of the Model S, Model X, and the Cybertruck) saw lower production but higher deliveries (16,130 vs 12,881).
Energy storage deployments, however, declined 15.4% to 8.8 GWh from 10.4 GWh in Q1 2025 due to project timing.
Source: Tesla Investor Relations
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