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Tesla Q2 revenue beats but earnings miss as margins shrink, shares fall 3.4%.

Company Fundamentals
22 Jul 2026
Proactive Investors
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Bearish
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Tesla reported Q2 revenue of $28.24 billion, beating estimates by 7%, driven by a 23% rise in automotive sales and record services gross profit. However, adjusted earnings per share fell 18% to $0.33, missing forecasts due to shrinking gross and operating margins. Deliveries rose 25% to 480,126 vehicles, and production increased 10%, but profitability pressures and higher capital expenditures weighed on results. Tesla also highlighted progress in autonomy and robotaxi services, with no new guidance provided for future quarters.

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