Tesla shares were moving higher in Wednesday's late trading after the company reported first-quarter earnings that beat Wall Street's expectations. Tesla reported revenue of $22.4 billion for the March quarter,

A shot at redemption is coming for Tesla’s beaten-down stock today. Shares of the electric-vehicle maker have had a rough start to 2026, falling 14% year-to-date, compared with a more than 3% gain for the S&P 500.

Tesla's stock has underperformed all of its megacap peers so far this year as global competition ramps up in the electric vehicle market.

Tesla profits rose in the first quarter after a tough year for its car business - Tesla's profit rose in the first quarter as its car sales rebounded from a sharp slump in 2025

Tesla on Wednesday posted 16% revenue growth in the first quarter of 2026, bringing in $22.39 billion and slightly missing the $22.64 billion Wall Street expected. In the earnings report, Tesla said adjusted earnings per share came in at 41 cents,

Tesla has signed an "indefinite quantity" contract that speeds up sales to cities, schools, and state agencies. It could mean more Tesla police cars.

Tesla has a mixed track record when it comes to delivering against sales and profit expectations. Looking back at the past 10 quarters, Tesla has fallen short of the FactSet consensus for adjusted earnings per share seven times.

Tesla reported an uptick in quarterly revenue and profit, but the costs of pivoting to an AI future are starting to add up. Why it matters: CEO Elon Musk has directed the company to invest heavily in the development and production of humanoid robots,