Tesla (TSLA) Q1 2026 earnings preview: the growth story is dead

Tesla (TSLA) will release its first-quarter 2026 financial results tomorrow (April 22) after the market close, with a conference call to follow. Despite leadership continuing to push the narrative that Tesla is now an “AI and robotics company,” the automotive business still drives the vast majority of Tesla’s financial performance.

Let’s look at what Wall Street and retail investors are expecting.

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