CKEVS

Tesla Q2 2026 Earnings Report Breakdown

Tesla's Q2 2026 report was a "revenue beat, profit miss" quarter. The company sold more vehicles than expected and grew revenue strongly, but margins and earnings were pressured by massive investments in AI, Robotaxi, Optimus, and manufacturing.

Major Milestones
Began Cybercab production
Expanded Robotaxi service into additional Florida cities
Continued expansion of AI compute and Optimus development.

📈 The Good
Revenue
$28.24 billion
+26% year-over-year
Beat Wall Street expectations.

Vehicle Deliveries
480,126 vehicles
Up 25% YoY
Highest Q2 deliveries in Tesla's history.

FSD Growth
1.48 million active FSD subscriptions
Up 56% YoY
More than 55% of new North American buyers now subscribe to FSD.

📉 The Bad

EPS Miss
Adjusted EPS: $0.33
Wall Street expected roughly $0.53–0.54.

Net Income
$1.1 billion
Down about 5% YoY.

Operating Margin
Fell to 1.4%
AI spending and lower vehicle pricing squeezed profits.

Free Cash Flow
-$1.1 billion
Mainly because Tesla spent $5.8 billion on capital expenditures during the quarter.

3 weeks ago | [YT] | 0

CKEVS

Hands on cybertruck videos soon 😂👀

5 months ago | [YT] | 2