The present paper studies the generation mechanism of terahertz (THz) radiation from tightly focused femtosecond laser pulses in a gas medium. We measured the angular radiation pattern under different focusing conditions and observed that, with the deepening of focus, the angular radiation pattern changes and optical-to-THz conversion efficiency increases. The analysis of the observed phenomena led to the assumption that the dipole radiation prevails in most cases despite the existing conception regarding the dominating role of the quadrupole mechanism of radiation. Based on these assumptions, the transient photocurrent theory of the phenomenon presented in this paper was developed by us and used for the numerical fit of the experimental data.