# Tesla beat Wall Street’s profit expectations in the first quarter of 2026.

*business · news · 2026-04-22 · The Straits Times*

## Key points

- Tesla raised its 2026 capital expenditure target by US$5 billion to over US$25 billion.
- Tesla's Q1 2026 free cash flow was US$1.4 billion, beating expectations of a US$1.9 billion outflow.
- Tesla sees rebounding EV demand in North America, Asia, and South America after recent weak quarters.
- Tesla's Robotaxi ride-hailing service will expand to five new U.S. cities in H1 2026.
- Tesla remains on track to begin production of Cybercab, Semi, and updated Megapack batteries.

**Companies:** Tesla
**Countries:** United States, China, Brazil

[Read the full story on The Straits Times](https://www.straitstimes.com/business/companies-markets/tesla-says-ev-demand-rebounding-as-profit-beats-forecasts)

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