Image: Tesla
Tesla kicked off the 2026 fiscal year with a solid showing this morning, reporting a year-over-year increase in both production and deliveries. Despite a challenging global market for EVs, the company managed to deliver 358,023 vehicles in the first three months of the year, representing a healthy 6.3% growth compared to the first quarter of 2025.
The production engine remains in high gear, with Tesla’s global factories churning out 408,386 vehicles in Q1. While this led to an increase in inventory, it ensures that Tesla is well-positioned with immediate stock for the spring and summer buying seasons. The vast majority of this volume was driven by the Model 3 and Model Y, which saw 341,893 deliveries.
A significant highlight of the report was the successful phase-out of Tesla’s legacy luxury models. In the Other Models category—which includes the Cybertruck and the final units of the Model S and Model X—deliveries actually outpaced production. Tesla delivered 16,130 units against 13,775 produced, confirming that the company is efficiently clearing out its high-end inventory to make more room for the Cybertruck and future platforms.
On the energy front, while deployments leveled off to 8.8 GWh following a record-breaking holiday quarter, the division continues to be a massive pillar of the company’s long-term AI and infrastructure strategy.
Investors are now looking toward April 22, 2026, when Elon Musk is expected to provide more details on the company’s next-generation vehicle platform and the ongoing expansion of the Full Self-Driving (FSD) network.
April also kick starts the mass production of the Cybercab at Giga Texas.
Want to see more of our stories on Google?
P.S. — Buying a new Tesla? Click here to save $1,000 USD, while supporting independent news.
Help support us by shopping on Amazon here.
Links in this post are affiliate links, so we earn a tiny commission at no charge to you. Thanks for supporting independent media!