Tesla’s Q1 2026 revenue increased by 16% year-on-year; digital asset value declined by approximately $222 million due to changes in Bitcoin’s fair value.

According to Tesla’s official financial report, the company’s total revenue for Q1 2026 reached $22.4 billion, up 16% year-on-year; GAAP operating income amounted to $941 million, up 136% year-on-year; non-GAAP net income totaled $1.453 billion, up 56% year-on-year; operating cash flow stood at $3.9 billion, free cash flow at $1.444 billion, and cash and short-term investments at quarter-end totaled $44.7 billion. Regarding digital assets, the company did not disclose any Bitcoin buying or selling activities; the carrying value of digital assets declined from approximately $1.008 billion at the end of the previous quarter to $786 million, primarily due to fair-value adjustments resulting from the decline in Bitcoin’s price.