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Tesla Q2 deliveries beat expectations with 480,126 vehicles amid rising EV competition and market challenges.

Company Fundamentals
02 Jul 2026
CNBC
View Source
Bullish
pluang ai news

Tesla reported 480,126 vehicle deliveries and 451,758 production units in Q2 2026, surpassing analyst expectations of around 406,600 deliveries. This growth follows efforts to recover from previous annual sales declines caused by consumer backlash against Elon Musk and increased competition from Chinese and European EV makers. Tesla boosted sales by introducing lower-cost versions of Model 3 and Model Y and expanding its Full Self-Driving system in Europe. Despite challenges like inflation and supply chain costs, Tesla is focusing on ramping production of electric trucks, the Cybercab, and humanoid robots, while its energy business also showed growth with 13.5 GWh deployed in Q2. Tesla shares have declined about 5% this year amid broader market gains.

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