Tesla announced its financial results for the first quarter of 2026, reporting a total revenue of $22.387 billion, marking a 16% increase year-over-year. The company achieved a gross profit of $4.72 billion with a gross margin of 21.1%, and an operating profit of $941 million, reflecting an operating margin of 4.2%. GAAP net income stood at $477 million, while non-GAAP net income was $1.453 billion. Tesla's operating cash flow was $3.937 billion, with free cash flow at $1.444 billion, and cash, cash equivalents, and short-term investments totaling $44.743 billion. In terms of digital assets, Tesla did not disclose any Bitcoin transactions for the quarter. The book value of its digital assets decreased from approximately $1.008 billion at the end of the previous quarter to $786 million, primarily due to fair value adjustments resulting from a decline in Bitcoin prices.