Tesla's Q1 2026 financial results show a 16% year-over-year increase in total revenue, reaching $22.387 billion. The company reported an operating income of $941 million and a non-GAAP net income of $1.453 billion. Free cash flow stood at $1.444 billion, with capital expenditures amounting to $2.493 billion. Tesla's digital asset holdings saw a decline, with the carrying value dropping from $1.008 billion to $786 million, a decrease of approximately $222 million. This reduction is attributed to fair value adjustments due to falling Bitcoin prices. The company did not report any Bitcoin transactions during the quarter.