Earnings per share during the first quarter of the year were $0.41, above the $0.37 analysts expected on average, according to research firm LSEG, CNBC reports.
Revenue was $22.39 billion, below the $22.64 billion analysts expected on average.
The quarter's revenue was 16 percent higher than the $19.3 billion recorded a year earlier.
Tesla's stock has fallen 13.8 percent since the beginning of the year. The company is facing increased competition from China and customer backlash over CEO Elon Musk's support for far-right politicians.
After the quarterly report, the stock rose about 4 percent in after-hours trading on the New York Stock Exchange.
